Tempus Fugit Posted June 24, 2010 Share Posted June 24, 2010 In its comment on the budget, Conister Bank plc says the rise in VAT provides a real incentive for small and medium-sized businesses in the Isle of Man to bring forward the purchase of critical assets such as plant and machinery, IT and vehicles before the rate goes up in January next year. how does this work then ? vat-registered businesses reclaim vat on purchases, so there is no benefit to invest before the vat increase Link to comment Share on other sites More sharing options...
The Old Git Posted June 25, 2010 Share Posted June 25, 2010 All I can think of is cash flow as you still have the pay the VAT on purchases. I guess some plant and machinery can be very expensive Link to comment Share on other sites More sharing options...
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