Crosswords1 min ago
Vat
6 Answers
I am trading as a limited company as I am registered for VAT. Am I allowed to sell an asset (one of the company vehicles) and not charge the customer VAT or does this action fall foul of the taxman. I am trying to sell a vehicle to a customer not registered for VAT and would like advice as to whether I would be liable to charge him or not, any help much appreciated .
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No best answer has yet been selected by flump1. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.I would say NO, did you claim the vat back when you puchased the van?, although from what i remember of vat even if you buy goods from a company that is not registered and you sell them on you have to charge vat
and if it is a company assett,it belongs to the company and the company is registered,nearly all commercial vehicles carry a vat when sold on.
Why not just give there help line a ring?