Business Contract Hire in Belfast, Northern Ireland
Business contract hire in Northern Ireland is one of the most popular ways of funding your vehicle and essentially involves hiring rather than owning the car. With low initial outlay, and the option to include maintenance with the contract hire in Belfast, this can be a tax efficient option for many businesses and provides peace of mind through fixed monthly charges for the duration of the contract. In this case, rentals are either fully or partially deductible against corporation tax and depending on the level of personal usage, at least 50% of the VAT is reclaimable.
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