I went and had a test drive of a Model S yesterday, as I have a Model 3 reservation and wanted to see what all the hype was about. The bottom line is that I am now seriously looking at buying a brand new 60D MS, with AWD, next gen leather and Pano roof.
The cost is £61,300 (+380 delivery fee). Normally I would buy the car on finance and then pay for it through my mileage allowance (£7000 per annum on 20,000 miles). It will be used for 100% business as I have access to another car for private use if I ever need it.
At the moment, my company is not VAT registered, as I just see it as another paperwork headache, however, if I could lose the £11,000 of VAT then that would persuade me to register. I have a mix of both domestic and VAT registered clients, so where I would have to swallow the VAT on the domestic side, I can recover a bit on the registered businesses.
Where do I stand on this?
Thanks for any help
The cost is £61,300 (+380 delivery fee). Normally I would buy the car on finance and then pay for it through my mileage allowance (£7000 per annum on 20,000 miles). It will be used for 100% business as I have access to another car for private use if I ever need it.
At the moment, my company is not VAT registered, as I just see it as another paperwork headache, however, if I could lose the £11,000 of VAT then that would persuade me to register. I have a mix of both domestic and VAT registered clients, so where I would have to swallow the VAT on the domestic side, I can recover a bit on the registered businesses.
Where do I stand on this?
Thanks for any help