EPOS VAT and TAX

[einbachsystems]

Hello,

I've recently started a job in E.P.O.S (electronic point os sale) sales and was wondering if anyone could clarify some of the tax 'benefits' accrued from purchase and ownership of, for example, a new touch-screen terminal.

Firstly, we provide rent, lease, lease-purchase and outright purchase options.

From my understanding, the cutomer receives all the VAT back on their capital purchase.

Following a bit of 'e-research' I believe there are two main rates of write-down allowance - 10% and 20%. I was just wondering if anyone knew what rate applied to epos systems and whether the rate applied at the same rate every year for the same asset?

This would be a great benefit to explain to my prospective clients (once I understand it) because combined with the savings the unit itself can provide, then the terminal could have paid for itself and actually be generating profit within a very short time indeed.

Thanks for reading and I look forward to seeing your replies,

Regards, Martin.

 

[Scalloway]

I presume you are speaking the accounting write down in a firm's accounts rather than tax allowances. The appropriate percentage therefor is what will write off the cost of the EPOS system over its useful life, eg 20% for 5 years or 33% for 3 years.