Van plus VAT and van with no VAT?
- Thread starter masona
- Start date
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Because you claim the VAT back if your SE, what i don't understand is why they seperate the 2 figures as you'd be claiming VAT back even if it was 'inc VAT'......surely?
I had this issue. I just needed the van for the dogs any lumping stuff in, I'm not vat registered or a business.
If your're just after a car derived van like an Astra then what about the estate car option and then just get the sidewindows blanked out if you wish?
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Really need a van for 3m length materials
Im not so sure on that, search engines search 'keywords', in this case the price, it wouldn't not find it just because it said '+ vat' at the end, search engines aren't calculators and don't add the vat, they just see the numbers or words
So the Inland Revenue loses the VAT until someone like me pay the VAT? What I don't understand, the VAT will be less because of the older van depreciation value and yet buy a ex-company used car is free of VAT
Recently been looking at navaras but again because they're classed as commercial vehicles they're all plus vat and not being SE i can't claim it back but so long as the total figure is to your liking then shouldn't be any problem, being SE and able to claim the VAT back is a bonus but then i guess you'd need to prove the vehicle was purely for business purposes and not personal.........im guessing!
No what I mean is say Ford are selling a Van for £10k+Vat, & Renault are selling their van for £12k Inc vat both van cost the same essentially.
Mr Joe Blogs decides he wants to buy a van and as £10k to spend, so searches for "Vans for £10k" the first result will be the ford not the Renault. and so ford would get a greater ammount of people looking at their product.
He hands it to the vat man
Any idea how will the vat man know about it?
H
HerrNigred
End of year accounts: Disposal of assets.
Right from the time VAT was introduced, VAT has been payable on the full purchase price of a commercial vehicle, both new and second-hand. With cars, the situation is different in that on secondhand cars, VAT is payable only on the difference between purchase and sale price - i.e. Gross Profit.
Thus, if you buy a commercial vehicle from a VAT-registered individual or company, they must charge you VAT on the purchase price. As far as I am aware, if the vendor is not VAT registered, he will have not reclaimed VAT on the purchase price when he bought, and therefore will not have to charge VAT separately when it is sold.
Thus, if you buy a commercial vehicle from a VAT-registered individual or company, they must charge you VAT on the purchase price. As far as I am aware, if the vendor is not VAT registered, he will have not reclaimed VAT on the purchase price when he bought, and therefore will not have to charge VAT separately when it is sold.
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All VAT-registered businesses are unpaid Tax collectors for HMRC....
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