Taxation

There are several financial benefits to the practice for running an Animedic Vehicle within the Practice:

• VAT reclamation
Any VAT expenditure on any of the Animedic Vehicle products is 100% reclaimable by the practice.

• Capital Costs
Any capital outlay or capital payments made against any of the Animedic Vehicles is 100% allowable against taxable profits.

• Refund of rentals
Any rentals paid on any lease agreement are 100% allowable against taxable profits and can be claimed in full by the practice

• Road Fund Licence
All Animedic P.E.T.S. Vehicles are included in the Ambulance Scheme and are therefore Road Fund Licence exempt. Certain other Animedic products can be included within the same scheme, but are subject to certain criteria. Details can be given on request.

• P11D Benefit in Kind
All Animedic products are based on Commercial Vehicles. The government has levied a single flat-rate tax of £500 per year. A 20% tax-payer will pay £100 per year to use the vehicle for private use, and a 40% tax-payer would pay £200.

N.B. Please note that all financial information given here is for guideline purposes only, please refer to your accountant for accurate allowances and calculations.

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Animedic is a trading name of Veterinary Vehicle Solutions Ltd Company Reg. 07911723
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