Selling company van, couple of questions?
Discussion
I need to sell my company owned van, as my new lease van is arriving this week, I have a couple of questions, as I've never done this before.
When I bought the van, the dealer told me there was no Vat to pay, and on the invoice there is no mention of Vat.
I am Vat registered, so am I right in thinking I just 0% rate it. Ie I create an invoice, and have the Vat as 0%?
Am I able to sell to public on a sold as seen basis, ie no comeback, just like a private sale?
The tax is on a direct debit, so I take it, that will just automatically cancel once the V5 sent off?
Also where is best to advertise vans, is eBay the best/cheapest?
If anyone can answer these questions for me, that would be great .
Cheers
When I bought the van, the dealer told me there was no Vat to pay, and on the invoice there is no mention of Vat.
I am Vat registered, so am I right in thinking I just 0% rate it. Ie I create an invoice, and have the Vat as 0%?
Am I able to sell to public on a sold as seen basis, ie no comeback, just like a private sale?
The tax is on a direct debit, so I take it, that will just automatically cancel once the V5 sent off?
Also where is best to advertise vans, is eBay the best/cheapest?
If anyone can answer these questions for me, that would be great .
Cheers
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