Hi there
The issue of VAT on finance leases is now slightly complicated than in the past years. Firstly the VAT treatment of a lease is not affected by the accounting treatment which follows accounting standards. Secondly following the Mercedes-Benz
Financial Services UK Ltd case (Case C-164/16), it is a requirement to look at the what the leasing contract says in terms of ownership of the computers.
This article can help you in making the correct decision: https://www.shlegal.com/docs/default-source/news-insights-documents/download-pdf300e7b85045b6c60befcff000023f0be.pdf?sfvrsn=cb55175b_0