Contract Hire UK : For more Contact Hire and Business Car Leasing deals call us today on 01653 604300

Taxation and Business Contract Purchase

Contract Purchase is treated by HM Revenue & Customs (HMRC) as a purchase, therefore the company uses the Writing Down Allowance of 20% for all vehicles emitting 160 g/km of Co2 or less (this will reduce to 18% from April 2012). If the vehicle has Co2 emissions greater than 160 g/km their WDA reduces to 10% (further reducing to 8% from April 2012). Business Contract Purchase payments for depreciation and interest are not subject to VAT, therefore Contract Purchase is appropriate for fleet users who are exempt or partially exempt for VAT purposes as the VAT on the rentals would not be fully recoverable.

If you are a company that is registered for VAT purposes, Business Contract Hire would be a more suitable funding option. For more information visit ‘Taxation and Business Contract Hire’.

To discuss your requirements in more detail, or if you have any queries regarding any of this information, please call us now on 01653 604300

Customer Testimonials

“Thank you for yet another efficient delivery. The 2 cars arrived as promised and we are very happy with them. We are very pleased with the service and will continue to use you guys for our future car needs.”

Mr S Dodds

“Our congratulations to contracthireuk.co.uk on reaching this milestone (20 Years Trading). In a very competitive market, carleasinguk.com have remained very cost effective and have managed to retain a personal touch sadly missing in this digital age.”

Mr L Maclachlan

“I wanted to drop you a quick note to say thanks for the prompt and efficient way you have handled the order and delivery of my new car in a short space of time. I am delighted with the car and I hope to have dealings with you again in 3 years time.”

Mr M Wood

“We would like to express our thanks once again for another smooth delivery for our latest fleet vehicle. Everything was expertly handled from start to finish, as usual. Many thanks.”

Mrs T Williams

“We have just taken delivery of our latest edition to our fleet and I can't thank the team at contracthireuk.co.uk enough for the superb service levels that they provided to us once again. It is a refreshing change to have a company look after your fleet in such a well organized manner.”

Mrs S Iqbal

“I just wanted to say thank you for sourcing the right car and finance package for me. The car was delivered a week ago, and I know it wasn't the most straight forward deal to arrange. Suffice to say I am delighted with it; its exactly what I wanted.”

Mr M Bilney

“I wanted to thank you for all of your help. You are very easy to deal with and nothing was too much trouble. Keep the offers coming as we have more cars due early next year.”

Mrs J Maylor

“Many Thanks for your assistance in selecting the correct car after much searching on your behalf. The car is outstanding and the delivery was seamless. All in all, and encouraging experience”

Mr W Henry

“Thank you for all of your hard work in getting this sorted. I have been very impressed with your efficiency and willingness to help, and will have no hesitation in recommending your service to others.”

Mr C Rich

“I would like to take this opportunity to thank you for the smooth and efficient manner in dealing with our new vehicle. I have used a number of companies over the past few years, and to be honest I was very surprised by the level of service we received from yourselves, which from my experience is second to none. Every person I have spoken with have been extremely efficient and a pleasure to deal with.”

Mr M Furness

“I would like to thank contracthireuk.co.uk for their professional advice and committed customer service. Our fleet of company cars is increasing significantly over the next few months, so we will be in touch.”

Mr A Strickland

“I have recently placed my business for a new car through your company. I originally chose contracthireuk.co.uk because you provided me with the most competitive quote, but since then I have been hugely impressed with the outstanding customer care I have received.”

Mr M Wilton

Why contracthireuk.co.uk
are better than the rest


  • Trading for over 20 Years
  • Dedicated account managers
  • Impartial funding advice
  • Comprehensive maintenance packages
  • Bespoke vehicle sourcing solutions
  • Continual support throughout the contract

For all enquiries or further information, please call us now on 01653 604300

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Proudly Celebrating 20 years, 1991-2011 contracthireuk.co.uk

contracthireuk.co.uk, Third Floor, The Maltings, Castlegate, Malton, North Yorkshire, YO17 7DP
Tel: +44 (0) 1653 604300   Fax: +44 (0) 1653 692555   Email: info@contracthireuk.co.uk

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