What does VAT qualifying mean?
Discussion
Are there limitations as to what vehicle(s) can be bought for a business?
To expand - what's to stop someone (who is VAT registered) buying a car, claiming the VAT, keeping it for a shortish period and selling it on to someone else? Would they have to repay the VAT on the price they then sell it for or something?
To expand - what's to stop someone (who is VAT registered) buying a car, claiming the VAT, keeping it for a shortish period and selling it on to someone else? Would they have to repay the VAT on the price they then sell it for or something?
geeteeaye said:
Are there limitations as to what vehicle(s) can be bought for a business?
To expand - what's to stop someone (who is VAT registered) buying a car, claiming the VAT, keeping it for a shortish period and selling it on to someone else? Would they have to repay the VAT on the price they then sell it for or something?
http://www.hmrc.gov.uk/vat/managing/reclaiming/mot...To expand - what's to stop someone (who is VAT registered) buying a car, claiming the VAT, keeping it for a shortish period and selling it on to someone else? Would they have to repay the VAT on the price they then sell it for or something?
Gassing Station | General Gassing | Top of Page | What's New | My Stuff