Fil

tried serach google and the government sites are crap!

can anyone give me a link to some good info on this.

Disabled Account

Are you VAT registered? Do you have a VAT number that was issued to you by Customs & Excise?

Fil

not vat registered yet, no business at the moment

Martin-Hadland

iTrader: (2)

You can not claim the VAT back if you are not registered.

Fil

havent bought any vehicle yet, just want to know the ins and outs,

Disabled Account

Well, if you are buying the van off someone that is VAT registered then you have to pay the VAT and you would get an invoice with the VAT shown, you wont be able to claim that amount back unless you are registered with a VAT number.

Disabled Account

You could try looking at vans for sale from non VAT registered sellers (small business's that are under the VAT threshold).

Fil

i get that,

but i cant just become vat regitered, buy a pick up and claim the vat back can i? or can i!

Disabled Account

Well you can try but it's a well know scam that I am sure they are wise to:

When you put in your first VAT return (you have to send Customs & Excise the signed decleration every 3 months) this states you finantial inputs / outpots for the period), they will see it for what it is because you will not be sending any invoices for the VAT you've charged your customers in the course of your "business" in that period......or in the next quarter year period. Remember VAT inspectors have more powers than the Police when it come to seixing goods/assets from you.

Fil

thats what i thought, but wheres the info, on once your vat registered, the amount of cash your business needs to go through it to claim back vat on a truck etc

Disabled Account

I think the info you need is here:

http://customs.hmrc.gov.uk/channelsP...HMCE_CL_001223

And here:

http://www.startinbusiness.co.uk/flo...wchart_vat.htm

bookwyse

The trouble 9is that you need to be a bonafide business.

The VAT inspector, as stated, isn't stupid and he will go through your books and records witha fine toothcombe and pick up on anything that is even slightly dodgy.

If you have a legimate business reason for buying the van and it will only be used for business purposes then it MAY be worthwhile registering for VAT. BUT remember then that you have to charge VAT on everything that you sell. this puts the price of yopur goods or services up by aprox 1/5 straight away ie a 100 job is now 117.50 to the customer.

Drop me a PT if you want any more information from a legitimate accountant/auditor.

Jeff

Fil

64k is the money figure, too much for me.

not to worry, ill just have to pay the vat, does my head in tho what im looking at, some are 12k no vat, and other 12k + vat! surely they should be 10.5k +vat ?

S1rst

Just buy one with no vat from a private seller.

bookwyse

64k is the limit at which you HAVE to go VAT registered. You can become VAT registered with a lot lower turnover if you wanted to.

Fil

that would be common sence, its the fact your choice is limited, seems like 1 private to 100 company ones forsale, nissan navara btw

S1rst

What sort ot age and mileage are you looking at for Ł12k+ VAT out of interest mate?

Fil

40k ish miles 2006,

really waiting till the summer when the d40 shape is 3 years old, so the price should drop a bit to 10k, due to no warrenty, mots required, so the market should be flooded?

Lee Reynolds

Give me the money and ill buy it for you and we'll share the VAT

Fil

home now, so have had a look a thoes to links properly, was a chore on the phone.

Looks like only real option is to buy a cheep private one, got a few months yet, so will probably change my mind