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Discuss Paying vat on a second hand van in the Business Advice, Tilers Van Insurance etc area at TilersForums. USA and UK Tiling Forum

F

Flintstone

Please checkout the following advertisement.
I've been looking at getting a new van, not brand new, around 2015 model, there all plus vat, why is that on a used van ?
 
OP
W

WetSaw

If the van was originally bought by a VAT registered person/company they would have reclaimed the VAT and would have to charge it when they sell it. Buying from a non VAT registered person the VAT wouldn't have been reclaimed so the government have their money!
 
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T

Time's Ran Out

Because it's a van!
Simple.
You can claim it back if your registered but it's just more tax into the Governments coffers.
Is it a private sale or a dealer?
 
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F

Flintstone

Most of them are from dealers. How come there isn't vat on an older van then that's had a few owners? What would happen if i bought a van now and paid the vat, then sold it next week, do I loose that vat money as I'm not vat registered
 
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D

Dumbo

I've been looking at getting a new van, not brand new, around 2015 model, there all plus vat, why is that on a used van ?
If the previous owner wasn't vat registered there should be no vat on it. I brought a 13 plate traffic from a Renault dealer that was 8 months old but because the previous owner was not vat registered I paid no vat .
 
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F

Flintstone

But do the sellers just up the price to price the van in line with all the others
 
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D

Dumbo

I just the same with https://www.tilersforums.com/forums/tile-adhesive/ . Let's say you are vat registered. You pay say 12 pound a bag . Claim back ÂŁ2 you want to make ÂŁ10 so you sell it ÂŁ20 +vat =ÂŁ24 you then send ÂŁ4 to inland revenue or your not vat registered . Buy for 12 make ten sell for 22 .
 

Andy Allen

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But do the sellers just up the price to price the van in line with all the others
Selling a van without vat is a good selling point........ just be carefull, I once had a private seller try and sell me a van + vat and he wasn't even vat registered.
 
OP
W

WetSaw

Most of them are from dealers. How come there isn't vat on an older van then that's had a few owners? What would happen if i bought a van now and paid the vat, then sold it next week, do I loose that vat money as I'm not vat registered


After a few owners it usually ends up with someone who isn't VAT registered.
If you're not VAT registered you can't claim back VAT on anything you buy anyway.
 
OP
L

LM

This is a bit of smoke and mirrors to someone who isn't vat registered.
If a year old van is worth ÂŁ12,000+vat it'll cost someone who is isn't vat registered ÂŁ14,400. So it's no difference really. If your vat reged you can claim the vat back but you loose when billing customers as it makes you too expensive, if your not vat reged you don't but you gain when quoting for work. It swings in roundabouts.
 

Chalker

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It's just the same.

A 2 year old van might be ÂŁ10,000 plus vat = ÂŁ12,000
Or from somebody who isn't vat registered would be selling the van at ÂŁ12,000 .
It's just better if your registered to buy it off somebody who is registered, so you get a vat invoice and claim it back.
Nobody's making any money out of it.
 
OP
D

Dumbo

It's just the same.

A 2 year old van might be ÂŁ10,000 plus vat = ÂŁ12,000
Or from somebody who isn't vat registered would be selling the van at ÂŁ12,000 .
It's just better if your registered to buy it off somebody who is registered, so you get a vat invoice and claim it back.
Nobody's making any money out of it.
Apart from the government.
 

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