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It does not matter that you may not be VAT
registered or may simply want this dream 4x4 commercial for domestic purposes -
you still have to pay the VAT!
Sometimes, the VAT question is not posed by the seller until
you have fallen in love with your future dream 4x4. After all, £15,000 sounds -
and is - a lot less than £17,625.00.
If you are VAT registered, then of course you can reclaim this
VAT element back (£2,625). But, you still have to find it in the first place out
of your cash-flow. By the way, however you buy your 4x4 commercial double cab
pick-up or other commercial 4x4, the VAT has to be paid at point of sale
officially.
Again, if you sell the vehicle whilst you are registered for
VAT, you have to add VAT to your selling price, then hand over the VAT element
to the VATMAN!
You may also be interested in this >>
Tax is payable
for private use of the company's commercial vehicles. |
