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Post Info TOPIC: VAT On Commercial Van Sale
CrystalClaire


Newbie

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VAT On Commercial Van Sale
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Hi

 

I have a client that is a LTD Company and Registered for VAT thay are selling a vehicle that when purchased had no VAT element on the invoice as it was purchased from a private individual.

 

They are now selling this vehicle and the question is: Do they now have to Rate the Vehicle for VAT As they are selling through the LTD VAT registered company?

 

Thanks

Claire



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leshoward


Senior Member

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Posts: 292
Date:
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Company can use the margin scheme for a vehicle on which no VAT was charged.
Alternatively, if their customer is VAT- registered, they could choose to charge VAT.

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