Bought Another F-Type V8S
Discussion
Quarterly said:
Cangrats on the new car, looks gorgeous! as do the other cars on your drive.
Can I ask about the vat, if you get the vat back, don't you just pay a fortune in company car tax?
Apologies for the misunderstanding. I meant that I bought two new and therefore paid the VAT, and one was bought second hand, so someone else paid the VAT when new. All three are eligible for road tax.Can I ask about the vat, if you get the vat back, don't you just pay a fortune in company car tax?
Phil. said:
Quarterly said:
Cangrats on the new car, looks gorgeous! as do the other cars on your drive.
Can I ask about the vat, if you get the vat back, don't you just pay a fortune in company car tax?
Apologies for the misunderstanding. I meant that I bought two new and therefore paid the VAT, and one was bought second hand, so someone else paid the VAT when new. All three are eligible for road tax.Can I ask about the vat, if you get the vat back, don't you just pay a fortune in company car tax?
There is no VAT on cars, I know the revenue call it VAT but it aint. The whole point of VAT is that you only pay it on the Value Added bit, hence the name. If I buy a solid gold desk encrusted in diamonds for my business then I can claim back all the VAT whereas if I buy a car so I can go out and do business then I can't claim it back... therefore it aint VAT no matter what the VAT man says.
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