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Contract Hire and Leasing Guide - Effective Leasing Rental

All Vehicle Contracts Contract Hire and Leasing Guide - Effective Leasing Rental
  • This is the terminology that refers to the true cost to a VAT registered business for a contract hire or finance lease monthly rental.

    The effective rental is a contract hire or lease rental with 50% of the VAT added to it. The service element of the rental is applicable with no VAT, as all the VAT can be reclaimed from the Service Rental

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    Contract Hire and Leasing Guide