Off Balance Sheet
Off Balance Sheet
If a vehicle is funded on Contract hire or any finance plan where you do not become the owner, it does not show as an asset on the companys balance sheet. It shows as a cost in the profit and loss account, therefore offering a tax saving in most circumstances. As I am not your accountant please seek professional advice on this subject.
Information
APR
Balloon Payment
Benefit In Kind (BIK)
CO2
Depreciation
Disallowable / Allowable VAT
Early Termination
Effective Rental
Excess Mileage
GAP
Guaranteed Future Value
Imported Vehicles
Initial Payment / Rental
Off Balance Sheet
OTR
P11D Value
Payment Profiles
RFL
VAT Qualifying Vehicle
16 May 2008
