VAT
Author
Discussion

dazrick68

Original Poster:

26 posts

215 months

Sunday 25th September 2011
quotequote all
Question regarding VAT on vehicles.

Bought a commercial vehicle & paid VAT on the purchase price 2 year ago.
Used said vehicle as private car.
Now wanting to sell, do I have to advertise purchase price + VAT if so what happens to the VAT paid to me on the purchased price?
OR
Do I advertise with just a purchase price & take a hit on the original VAT paid??

mrloudly

2,815 posts

255 months

Sunday 25th September 2011
quotequote all
You can't charge VAT unless you're VAT registered. Anybody that's buying it with VAT will want a proper VAT receipt and you need a proper VAT reg Number to give that...

Pcot

863 posts

202 months

Sunday 25th September 2011
quotequote all
Advertise it for the price you want, and add NO VAT to the advert.

dazrick68

Original Poster:

26 posts

215 months

Sunday 25th September 2011
quotequote all
Pcot said:
Advertise it for the price you want, and add NO VAT to the advert.
This is exactly what I have done!
Thanks