van sales question
24 June 2010, 07:53 PM
#4
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Because most van buyers are business users, being either company vehicles or run by the self-employed. Virtually all companies and a lot of self-employed will be vat registered and if the vehicle is used solely for business use then the VAT can be claimed back. The seller has of course to be VAT registered to charge the VAT in the first place.
Kevin
Kevin
24 June 2010, 08:02 PM
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Vat has to be paid on the vehicle, if its been a business user then VAT wouldnt have been paid on it (well it would have paid then all claimed back). So if youre a private buyer you pay the VAT on the price you pay. If youre a business user you pay the vat then claim it all back......
Last edited by r32; 24 June 2010 at 08:03 PM.
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