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jackpot06

Any Accountants On Here ?

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The vehicle has to be declared as VAT qualifing from new. You only get that if it is used solely for business purposes and will never be used as a private vehicle. However, I think cars sold on lease deals are VAT qualified as they are used in the lease company's business even though they may be leased by a private indivudual.

Commercial vehicles like vans, trucks, etc, are already VAT qualified as you see them advertised as a plus VAT price.

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The vehicle has to be declared as VAT qualifing from new. You only get that if it is used solely for business purposes and will never be used as a private vehicle. However, I think cars sold on lease deals are VAT qualified as they are used in the lease company's business even though they may be leased by a private indivudual.

Commercial vehicles like vans, trucks, etc, are already VAT qualified as you see them advertised as a plus VAT price.

Yes you must be registered.Any invoice will show VAT as part of the purchase price.Just reclaim on your next return.I tried it with a car and they wouldn't wear it.

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  • 276 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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