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'I have known Simon Freeman and have been using Snowbird Finance for many years. They have been key to the fulfilment of our business plans, particularly during our relocation and expansion in 2012 and 2013'
Helen Harrison, Granta Dental
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The majority of optical businesses operate with the 'de minimis' system which allows opticians to claim back VAT on the purchase of exempt equipment and the recoverable tax on residual non-attributable purchases of up to, but not exceeding £625 a month, £1,875 a quarter or £7,500 a year.
By spreading the VAT you can reduce the risk of exceeding (and thereby compromising) your VAT de minimis limit.
Please contact us to talk about your individual VAT circumstances.
You have sole responsbility for the management of your tax and legal affairs. We recommend that you obtain your own independent tax and legal advice tailored to your individual circumstances. Snowbird Finance does not provide tax or legal advice.