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Steve Sed

No VAT vans
« on: May 27, 2011, 05:00:06 pm »
I hate the thought of paying the 20%.

Did the non VaT registered WCs seek no Vat vans or just bite the bullet and pay the extra 20%? If you avoided the Vat, where did you go to get one?

Scrimble

  • Posts: 2053
Re: No VAT vans
« Reply #1 on: May 27, 2011, 05:55:58 pm »
i've just bought a 3  1/2 year old doblo and had to pay the vat, private sales are few and far between unless you want a battered old knacker thats ready for the scrapyard

♠Winp®oClean♠

  • Posts: 4085
Re: No VAT vans
« Reply #2 on: May 27, 2011, 06:01:14 pm »
I hate the thought of paying the 20%.

Did the non VaT registered WCs seek no Vat vans or just bite the bullet and pay the extra 20%? If you avoided the Vat, where did you go to get one?

I avoided it like the plague & bought private. Got the bargain of a lifetime too. 15 months on & van has not missed a beat! ;)

Steve Sed

Re: No VAT vans
« Reply #3 on: May 27, 2011, 06:32:48 pm »
I hate the thought of paying the 20%.

Did the non VaT registered WCs seek no Vat vans or just bite the bullet and pay the extra 20%? If you avoided the Vat, where did you go to get one?

I avoided it like the plague & bought private. Got the bargain of a lifetime too. 15 months on & van has not missed a beat! ;)

I'm going to try to avoid it. 20% is a huge hit when you are still building up. I've found one van dealership that usually has some no vat vans, but of course the choice is limited.

LWC

  • Posts: 6824
Re: No VAT vans
« Reply #4 on: May 27, 2011, 06:47:13 pm »
I avoid mate, £200 for every £1000 eek!

idealrob

  • Posts: 666
Re: No VAT vans
« Reply #5 on: May 28, 2011, 01:13:50 pm »
This is one advantage to being vat registered, as for no VAT vans at a dealership, never seen or heard of them, as any business with a turnover of £75k a year has to charge VAT, so the dealership would have to only sell under 15 vehicles a year at £5k or less. The other thing is it  a marketing ploy, i am not saying there are not no vat dealerships, but never seen it or needed it myself.

idealrob

Steve Sed

Re: No VAT vans
« Reply #6 on: May 28, 2011, 06:10:58 pm »
This is one advantage to being vat registered, as for no VAT vans at a dealership, never seen or heard of them, as any business with a turnover of £75k a year has to charge VAT, so the dealership would have to only sell under 15 vehicles a year at £5k or less. The other thing is it  a marketing ploy, i am not saying there are not no vat dealerships, but never seen it or needed it myself.

idealrob

You misunderstand. The VAT is only chargable if the dealership acquired the van from a VAT registered company. The dealership's VAT status is irrelevant (sp).

idealrob

  • Posts: 666
Re: No VAT vans
« Reply #7 on: May 28, 2011, 08:10:55 pm »
This is one advantage to being vat registered, as for no VAT vans at a dealership, never seen or heard of them, as any business with a turnover of £75k a year has to charge VAT, so the dealership would have to only sell under 15 vehicles a year at £5k or less. The other thing is it  a marketing ploy, i am not saying there are not no vat dealerships, but never seen it or needed it myself.

idealrob

You misunderstand. The VAT is only chargable if the dealership acquired the van from a VAT registered company. The dealership's VAT status is irrelevant (sp).

We beg to differ, and still dont agree, we are VAT registerd and have been since 1973?, so know about the law, and have even beaten the VAT man, and have the cheque to prove. Not wanting an argument, but VAt doesnt work like that, eg we clean windows for a customer who is not VAT registered, so we can keep the VAT and dont have to pay. lol. If I am wrong , I wil own up, and apologise

Just got my sons car serviced & few repairs, the price was £359., so tecnically £60 of VAT, so he will be back on minday morning and tell them he is not VAT registered and can he have the sixty quid back, I know what the garage will say, if they ever stops laughing.
Anyway Steve, thanks for making me and all the other business laugh at your thoughts, have you thought of being on britains got tallent as a comedian, you will win and make us laugh. And yes I can and do laugh at myself, if we all cant have a laugh at life, its not worth living, one experience on this fourum was a w/c selling an old battered wfp rolley and two old poles for about double the price it cost new, so sent a message saying I hope they have internet access at the mental hospital, he replied " if they do I will let you know", and a reply that made me laugh all week, so dont think i am having a personal go, just having a laugh at myself and others

idealrob

idealrob



♠Winp®oClean♠

  • Posts: 4085
Re: No VAT vans
« Reply #8 on: May 28, 2011, 08:25:15 pm »
I don't know the ins' & outs of VAT issues BUT there are definitely circumstances where dealers sell vans with no VAT added. I've seen them when looking in the past. Maybe they are selling on behalf of a client who isn't vat registered?

Helen

Re: No VAT vans
« Reply #9 on: May 28, 2011, 08:54:35 pm »
I hate the thought of paying the 20%.

Did the non VaT registered WCs seek no Vat vans or just bite the bullet and pay the extra 20%? If you avoided the Vat, where did you go to get one?

Although it does mark up the price by 20% the full amount is still tax deductable...... even for non vat registered business people

Helen

Re: No VAT vans
« Reply #10 on: May 28, 2011, 09:01:59 pm »
http://www.hmrc.gov.uk/vat/sectors/motors/selling-cars.htm
This link goes into the ins and outs of why vat is sometimes not charged on second hand vans and sometimes does.......sorry Ideal Rob, but different industries have different rules on vat :)

idealrob

  • Posts: 666
Re: No VAT vans
« Reply #11 on: May 28, 2011, 11:07:55 pm »
This is on vehicles, not vans, eg i agree with the rules on eg butchers where there is no vat on food, eg meat etc, on plain biscuits no vat, but on chocolate biscuits there is vat, marks and spencer won a long running court cast of chocolate teacakes, where the vat man charged vat, but m & s won, and vat is not charged. We claimed for vat on teabags over a few years, and were told off by vat man as no vat on teabags, but vat man came this year and said we could not claim vat on petrol , even though vat is charged, neadless to say, we took no notice.

i will speak to car dealer tomorrow, and get correct decision

idealrob


mci services

Re: No VAT vans
« Reply #12 on: May 28, 2011, 11:17:21 pm »
eh is a van not a vehicle ??? there are dealerships up and down the country selling vans with no vat,

Steve Sed

Re: No VAT vans
« Reply #13 on: May 29, 2011, 07:36:33 am »
notice.

i will speak to car dealer tomorrow, and get corrected

idealrob



http://www.anchorvans.co.uk/vans/no+vat

Suggest you get your facts straight before launching into someone.

Ian Rochester

  • Posts: 2588
Re: No VAT vans
« Reply #14 on: May 29, 2011, 07:43:17 am »
You can't buy new without getting hit with the VAT, however there are always people selling nearly new vans in the papers or on ebay, a lot of these people are not VAT registered so there will be no vat to pay.

Shop around

Helen

Re: No VAT vans
« Reply #15 on: May 29, 2011, 08:41:54 am »
You can't buy new without getting hit with the VAT, however there are always people selling nearly new vans in the papers or on ebay, a lot of these people are not VAT registered so there will be no vat to pay.

Shop around

Always best to shop around and with patience bargains can be found.
Yes NEW vans will be sold with vat.
Second hand vans may not, even from dealerships, but it all depends on the history of that particular van. :)

Londoner

Re: No VAT vans
« Reply #16 on: May 29, 2011, 08:47:29 am »
You can't buy new without getting hit with the VAT, however there are always people selling nearly new vans in the papers or on ebay, a lot of these people are not VAT registered so there will be no vat to pay.

Shop around

You would have to be barking mad to buy a nearly new van off a lot of these people. Any van in fact.

Spruce

  • Posts: 8691
Re: No VAT vans
« Reply #17 on: May 29, 2011, 11:13:10 am »
You can't buy new without getting hit with the VAT, however there are always people selling nearly new vans in the papers or on ebay, a lot of these people are not VAT registered so there will be no vat to pay.

Shop around

Always best to shop around and with patience bargains can be found.
Yes NEW vans will be sold with vat.
Second hand vans may not, even from dealerships, but it all depends on the history of that particular van. :)

Hi

Helen's right.

No matter who buys a brand new van, VAT is to be paid on each purchase. If you are VAT registered, you claim the VAT back from the Receiver. If you aren't VAT registered you can't claim the VAT back.

So as a non VAT registered business, I buy a van, keep it for a period of time and then sell it, the van isn't subject to VAT again. I will sell it at a price and this van (or any commercial vehicle) will be sold without VAT. It doesn't make a difference whether I sell it myself or a motor dealer sells it.

If I am VAT registered, I then have to sell that vehicle at a price + VAT and give a VAT invoice to the purchaser. If he is VAT registered he will then claim that amount back. If he isn't then the VAT amount is paid by this second owner.

It gets a little more complicated if a VAT registered business buys the van from me as a non VAT registered business.

Spruce
Success is 1% inspiration, 98% perspiration and 2% attention to detail!

The older I get, the better I was ;)

idealrob

  • Posts: 666
Re: No VAT vans
« Reply #18 on: May 29, 2011, 02:17:11 pm »

idealrob

  • Posts: 666
Re: No VAT vans
« Reply #19 on: May 29, 2011, 02:22:53 pm »
Hi, !00% apology, I hold my hands up, and was totally wrang, just wrong trade van mate, and  all Steve said  was correct if the dealership is buying a van from a non vat registered business, he does not have to charge vat on the van. Very sorry, and apologies to all

idealrob