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Showing content with the highest reputation on 10/30/16 in Posts
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1 pointyou pay 20% vat on the retail price and 20% on the purchase price so on based on your figures the £600 on vat on the purchase price would be accounted for in the amount reclaimed by you and the £1000 vat on the sale would be accounted for in the vat due on sales amount, however quite a lot of ex lease vans are vat qualifying, especially crew vans which are sold as vat qualifying
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1 point" Just got to speak to the wife " has got to be the biggest cop out going. It is just a more polite way of saying " look mate i dont have any intention of buying this car so i am going to waste someone elses time now"