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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › VAT-pre regt.
Sir hire of office-equipment has been treated as service in Kaplan and for pre- registration Input VAT recovery upto 6months have been recovered.
But in BPP hire of photo-copier has been been treated as an asset held under inventory and input VAT for 4 years has been claimed.
So am confused now whether hire of office equipment/photocopier is deemed as a service or good?
You will have to show me the exact words used in each question – but if you are just renting / hiring the use of an asset = not buying it on hire purchase, then it is an expense not an asset and follow the 6 month rule