I hope someone could advise on this topic.
My partner has purchased a brand new car for his business. He took a loan for it and received a vat invoice from a dealer as they received full payment for the car and my partner will be paying monthly instalments to the loan company for the next 5 years. Could you please advise if he can now claim the vat paid for it in full. He is due to du his vat return now. Just to add he is a sole trader registered for vat. This car is used for business purposes 28 days a month. We would use it once, twice a month when going away as I have my own car which is used daily.
Thanking you in advance.