That means a business that’s VAT-registered can reclaim 100% of the VAT if the car is used exclusively for business, and 50% on the finance element of the rental if the car is also used privately.
The Financial Conduct Authority (FCA) says that some customers 'may have been charged too much' on car finance loans before January 2021. Car finance is a £40bn industry in the UK, with more than 90% ...