do i pay vat on a used car

do i pay vat on a used carDo I have to pay VAT on a second-hand car? | This is Money
Do I have to pay VAT on a second-hand car? By Daily Mail Reporter Updated: … Margaret Stone, the Daily Mail's Money Doctor, replies: There are two ways in which motor dealers handle VAT on used vehicles. … Why I'm glad to have a worker on the board to help decide pay: …

Do I have to pay VAT on the purchase of a car? – InBrief.co.uk
Do I have to pay VAT on the purchase of a car? Cars purchased for commercial purposes Fleet cars . Many businesses will wish to purchase cars to be used for their business specifically by their employees to undertake various tasks of that business.

VAT when you sell a vehicle – GOV.UK
VAT when you sell a vehicle VAT-registered businesses can use this tool to work out what VAT to charge when selling a vehicle. Adapted vehicles for wheelchair users are zero-rated. Check the rules and make a declaration if you're selling one.

VAT Qualifying Cars: What You Need to Know | The Car Loan …
What Are 'VAT Qualifying' Cars? Find out how VAT affects you when buying a used car or van and how you can reclaim VAT on vehicles after completing a purchase. … Whether you're buying a new or used vehicle, The Car Loan Warehouse can help.

VAT when you buy a vehicle to sell on – GOV.UK
VAT when you buy a vehicle to sell on … Pay VAT on vehicles you import from outside the EU through customs. … test drives; courtesy cars for your business; You have to pay VAT back to HMRC if a vehicle is also used privately, eg if an employee uses a car at weekends.

Is there VAT on second hand cars? – HEXUS FORUMS
I.e. they have to pay for car, maybe fix it a bit, and get some profit. If they had to pay vat on top that would make their car prices quite amazing, but it doesn't. Tough on mirrors, tough on the causes of mirrors. 24-09-2004, 01:31 PM #7. … Is there VAT on second hand cars?

VAT Notice 718/1: the VAT Margin Scheme on second-hand …
… the VAT Margin Scheme on second-hand cars and other vehicles. Updated 26 January 2016. Contents. Foreword; 1. Introduction; 2. … The VAT (Cars) Order 1992 requires … you can account for VAT on the difference between the price you pay for a second-hand vehicle and the price you sell it for.

FAQs – Car registration and taxes – Your Europe
FAQs – Car registration and taxes. … If the car is new, you should get transit licence plates — this will also allow you to avoid having to pay VAT in Germany. If it is a used car, … Do I have to pay the VAT twice and then claim it back?

Used car buy and sell? Do I charge VAT for selling used …
Used car buy and sell? Do I charge VAT for selling used car to my customers? … There is no VAT on cars unless you are a car dealer. … but you will have to pay VAT on the profit, under second hand scheme rules. Example …

VAT on cars bought abroad – Your Europe
Cars; VAT on cars bought abroad; Menu Home; Travel. Documents you need; Passenger rights; What can you take with you? Money & Charges; … You will not pay VAT in your home country. A 'used' car is more than six months old and has been driven more than 6 000 km.

VAT – Motor Trade Insider
VAT. What is a "VAT qualifying" used car? What the trade call "qualifying" used cars will usually be ex-company, leasing or rental cars (i.e. cars that are bought inclusive of VAT) and means the dealer will pay the VAT uplift on the car sold and will also pay more VAT on the profit they …

How much import duty?? – ShipMyCar Car Shipping Specialists
ShipMyCar Car Shipping Specialists Navigation. Home; About. Our Company; Our Workshop; … Customs now allow certain cars older than 30 years old into the UK without paying any duty and just 5% VAT … this is how much VAT you will pay (yes VAT is on duty too …

Depreciation – Why do new cars lose so much money?
Depreciation – Why do new cars lose so much money? By Stuart Masson-21 January 2012. 8. … And if the dealer can buy a new car from the manufacturer for £12K, why would they pay the same for your used car? The VAT element is no longer there, …

Can car dealers charge VAT on used cars? | Yahoo Answers
Yes a dealer does pay vat on used car sales. It is unusual, however for a used car to be advertised with a vat exclusive price, that's something you expect to see on commercial vehicles. … Can car dealers charge VAT on used cars?

Buying and selling cars – European Commission
How do I notify the tax authorities and when do I pay the VAT? … When you bring the car back with you on your return to your home EU country, you will have to pay VAT on this car at the rate applicable in that EU country.

VAT on used cars – Page 1 – The Pie & Piston Archive …
VAT on used cars. My Profile My Preferences My Mates. Search My Stuff. What's New: … Basically, if the car has had the VAT reclaimed, you will have to pay VAT on buying it. This is rare for cars, very common for vans. Deva Link. 26,934 posts. 155 months

VAT and VRT on Transactions involving Motor Vehicles
This leaflet gives information regarding VAT and VRT on Transactions involving Motor Vehicles. … and therefore obliged to pay VAT in Ireland, … even where they were 'company cars' or otherwise used for business purposes. Nor was there any entitlement to reclaim VAT on motorcycles, …

VAT on second hand VAN purchase | AccountingWEB
VAT on second hand VAN purchase. Advertisement. Latest Any Answers. Claiming for renting a house. Dissolved company, creditor come forward. Form P87/Overpayment Relief Claim/R40. … The VAT recovery will depend on the type of VAT you're charged.

VAT rate change confuses everyone – What Car?
Buyers do not have to clear the balance of the car to benefit from this, but dealers may be reluctant to hand over VAT due on cars that they haven't received the cash on. The VAT rate due, … You pay 15% VAT on cars costing less than 100,000: •When you've ordered, …

VAT on 2nd hand cars | Motoring discussion | Back Room …
VAT on 2nd hand cars – rogue-trooper … As soon as you buy one, you pay the VAT and can't claim it back. Tags: buying VAT taxes used cars new cars. Like Reply | Report as offensive | Link. Mon 19 Apr 2010 23:05 . VAT on 2nd hand cars – Altea Ego …

vat back on german used car? – PistonHeads | Cars for Sale
vat back on german used car? My Profile My Preferences My Mates. Search My Stuff. What … His advice was to simply ask the vendor since he would be most familiar with the German VAT rules on cars, being his business. Sorry I couldn't get anything more definitive from him. Advertisement. smartie …

taxation on business vehicles – Duport
There are special rules for VAT on business vehicles – and the fuel used in them. You cannot normally reclaim the input tax you have to pay on a new car. However, VAT registered businesses … and will depend on the level of carbon dioxide emissions and type of fuel used. Energy-efficient cars …

Frequently Asked Questions | Honest John
Used Cars; Cars For Sale; Vans For Sale; Car Leasing; Business Lease; … What are the Import tax and VAT rules for importing a classic to the UK from outside the EU? A. … are not normally used for their original purpose …

Do I Have To Pay Income Tax If I Sell My Car Privately?
used cars; trade in; dealerships; stealerships; 273 28. Edit; Promote; Dismiss Undismiss; Hide; Share to Kinja; … Do I Have To Pay Income Tax If I Sell My Car Privately? Tom McParland. 4/23/15 2:20pm. Filed to: ask car buying. taxes; used cars; trade in; dealerships; stealerships;

VAT – Reclaiming vat on the purchase of vehicle
VAT – Reclaiming VAT on the purchase of vehicles. … It must be noted that HMRC will pay special attention to pool car arrangements if VAT has been recovered, … Used cars. Businesses cannot reclaim VAT in any circumstance, …

Importing a used car from Germany – English Forum Switzerland
But the only "profit" you would make it's the 7% difference between German VAT (19%) and Things to pay in Swiss (8%+4%+ additional). … Why are we discussing VAT (MWST) on used cars? Surely if you're buying a used car in Germany there's no VAT/MWST. Vat is only paid once when the car is new.

Can I bring my car to the UK? | Low Incomes Tax Reform Group
Can I bring my car to the UK? When you come to the UK to live or work, you are allowed to bring your car (or other motor vehicle) … If you have to pay VAT, you must do this before you register and license the vehicle with the DVLA in England, …

To claim VAT, or not to claim – Moneyweb
To claim VAT, or not to claim . Some vehicles you cannot claim VAT … be aware that you generally cannot claim input VAT on the purchase of a "motor car" as defined in Section 1 of the Value-added Tax (VAT) Act. … There is no moral obligation to pay any more tax than that which is legally …

VAT on vehicles – 4×4 Community Forum
Must you pay VAT on a second hand vehicle or does the dealership pocket that money? Reason I ask is if you buy a car private there is no VAT but dealerships charges you. Any advice? Help; Remember Me? Forum; Calendar; Forum Actions. Mark Forums Read; Articles; New Posts;

VAT on used cars and vans – UK Motorbike Forum
Is the dealer just swallowing the VAT on some of them as an incentive, or what? It seems odd to me to have to pay VAT on a used item – surely VAT was paid when it was new…:wtf: UK Motorbike Forum … VAT on used cars and vans Originally Posted by cheb.

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