sinbadsailor
Registered User
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- 240
I am selling a private car and buying a commercial through my business on HP.
I will need to give the VAT value up front to the bank on the finance deal and was wondering would there be much of a problem in me loaning the private sale amount to the company to pay this and then paying myself back when the rebate from VAT return comes back in April?
Is there anything dodgy about how this will look from a corporate enforcement point of view? We're talking 4-5 weeks of a loan?
I will need to give the VAT value up front to the bank on the finance deal and was wondering would there be much of a problem in me loaning the private sale amount to the company to pay this and then paying myself back when the rebate from VAT return comes back in April?
Is there anything dodgy about how this will look from a corporate enforcement point of view? We're talking 4-5 weeks of a loan?