Busting the VAT myth.

[Minxy]

While we're at it can we stop regurgitating the myth A frames are legal and folks get gassed.

I won't hold my breath.

... spoil sport!

 

[Minxy]

Oh, Francis ... you weren't 'Frank' on another motorhome forum a good few years ago were you who had 'tussles' with Mel B?

 

[tacr2man]

All a bit pointless as a first post as its well known that they take the vat whilst you are gassed !

 

[TheDogMan]

Yes a new van has VAT within the selling price and if you are VAT registered and using it for you business you can ask for a VAT receipt and claim it back.
If you later want to sell this say after 3 years you would have to charge VAT to whoever puchased it trade or private and declare this and pay the VAT portion of the price to the VAT man.
A dealer selling a used motorhome will use what the revenue call " the used car system" vat is charged on the profit the dealer is making the same as all car dealers, the chances of you getting a VAT receipt for this is pretty slim as within a couple of minutes you can work out how much profit the dealer has made.

 

[Larby]

To be pedantic, the dealer pays VAT on the "margin" not the "profit".
Using smaller values, dealer takes in car at £1400 and sell for £2000.
He may service and MOT it so incurs a cost, but he is judged for VAT on the "margin" of £600 irrespective of expenditure, he cannot charge VAT but incurs VAT on the £600, being £100.
I may be wrong that is how my son understands it when he sells 2nd hand cars.

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[Bart]

Hi and welcome to the forums, hell of a 1st post

 

[Scotch mist]

Welcome to fun , great place to be IMO, I totally agree with your post ,
you certainly did come in like a hurricane . Lol , I’m enjoying watching the aftermath , keep them coming