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Mikey1

Member Since: 01 Jan 2009
Location: warks
Posts: 9

VAT qualifying

Does anyone know if it possible to check if a car is VAT qualifying from its reg.no?

Sun Jan 04 2009 6:12pm

Perrys

Member Since: 02 Oct 2008
Location: United Kingdom
Posts: 96

No you can't check from the registration number. Perrys For New & Used Range Rover Sports

We also sell Full Fat Range Rovers

Sun Jan 04 2009 7:20pm

Mikey1

Member Since: 01 Jan 2009
Location: warks
Posts: 9

Whats the best way of checking?

Sun Jan 04 2009 7:22pm

Perrys

Member Since: 02 Oct 2008
Location: United Kingdom
Posts: 96

From the purchase invoice. Perrys For New & Used Range Rover Sports

We also sell Full Fat Range Rovers

Sun Jan 04 2009 7:30pm

Mikey1

Member Since: 01 Jan 2009
Location: warks
Posts: 9

You mean the VAT must be shown separately ? - and if it isnt and the full value is shown without the vat being separate then it is not qualifying?
- thank you for your help!

Sun Jan 04 2009 7:33pm

Perrys

Member Since: 02 Oct 2008
Location: United Kingdom
Posts: 96

Yes. Perrys For New & Used Range Rover Sports

We also sell Full Fat Range Rovers

Sun Jan 04 2009 7:52pm

Mikey1

Member Since: 01 Jan 2009
Location: warks
Posts: 9

Thanks for this.

Bought a 08 black yesterday - fell in love with it.

Accountant said i could claim the VAT back through my construction business.

Thanks for your help.

Tue Jan 06 2009 12:38pm

Perrys

Member Since: 02 Oct 2008
Location: United Kingdom
Posts: 96

Mikey1 wrote:

Accountant said i could claim the VAT back through my construction business.

That does not sound right to me, you can't claim the VAT back on cars unless it is a qualifying use such as a Taxi, driving school car etc

I hope the VAT man is not on this forum, you night get a visit. Perrys For New & Used Range Rover Sports

We also sell Full Fat Range Rovers

Tue Jan 06 2009 12:49pm

MAW

Member Since: 06 May 2006
Location: Lincs
Posts: 3104

2012 Range Rover Sport SDV6 HSE Orkney Grey

... and i thought that (unless a commercial vehicle) VAT is not applied to resales - an 08 car bought yesterday is likely to be preloved ( second hand) isn't it ??

Tue Jan 06 2009 1:19pm

shmoogle

Member Since: 07 Sep 2005
Location: ... and for every sprinkle I find, I shall kill you!
Posts: 24350

This looks to be an informative article on the subject:

http://www.cartax.co.uk/Articles/Article_When_Does_VAT_Matter.asp

But then I'm not an accountant...

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Tue Jan 06 2009 1:25pm

kam100

Member Since: 28 Sep 2005
Location: In my office doing quotes!!
Posts: 4771

MAW wrote:
... and i thought that (unless a commercial vehicle) VAT is not applied to resales - an 08 car bought yesterday is likely to be preloved ( second hand) isn't it ??

If it was a car purchased for private use, i.e. no VAT was claimed back on the original new sales invoice, then you are right, it won't have ANY VAT, like most pre-owned cars on the market place.

If the car has been company owned/run by a VAT registered organisation who have claimed something back on the car, then they have to charge it on it's sale price, meaning used cars with VAT qualifying status is a good thing for my chauffeur company, hence most sellers advertise this fact especially on cars such as 4x4's, Exec cars etc.

I would agree with Perry's on this, and the notion of claiming back 100% VAT on a vehicle's full purchase price, is not really true. Usage and business type all come into the equation. We went VAT registered after i purchased all my car's for chauffeur use, and i just transferred them into company ownership but on the next batch of vehicle's i will be speaking to the guys at our office and getting them to sort out the VAT on them.

Tue Jan 06 2009 6:12pm

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