Discover the most frequently asked Copiers and printers questions
What financing arrangements can I find to purchase a copier? Can I claim back VAT?
The purchase of a photocopier can be financed with a bank loan as part of an equipment loan. Restricted to companies, equipment loan avoids the need to immobilise cash.
The borrowing rate can be fixed or variable and the loan can be medium term (3 to 5 years) or long term... But in the case of copiers, long term loans are extremely marginal, as the duration of a credit must be shorter than the expected life of the equipment concerned. Typically, this type of credit finances 70-80% of the cost of the copier. The remainder of the purchase price is provided by self-financing.
Any business can reclaim VAT on the purchase of printing equipment (as long as this equipment has not been acquired through rental or through a lease with purchase option). Also note that VAT can be recovered only if the device is purchased by a company subject to VAT. For copiers and printers, VAT rate is 20%, which makes it £525 for equipment prices £300, £133.33 for a photocopier which costs £800 or £250 for equipment worth £1,500.
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