VAT on foreign used cars - how to treat

VAT on foreign used cars - how to treat

Author
Discussion

johnfm

Original Poster:

13,668 posts

251 months

Thursday 17th April 2014
quotequote all
Not sure why, but foreign car dealer in the EU applies VAT to the sale of a classic car.

Lets say I buy it and then sell it to a non-eu buyer.

I can reclaim the VAT I paid to the EU seller, yes?

But I don't have to charge nor account for VAT on the sale to the non-EU buyer do I?

Or am I mis-reading the guidance?

johnfm

Original Poster:

13,668 posts

251 months

Thursday 17th April 2014
quotequote all
I expect you are right - and why they display a net and with VAT price.


johnfm

Original Poster:

13,668 posts

251 months

Friday 18th April 2014
quotequote all
Cheers Eric.

I was just 'thinking aloud' re: buying a car in Italy (where they advertise a net and plus vat price) and could not recall whether I had to pay it and reclaim it here or merely pay the net price in Italy.