It's not Vat-deductable, because commercial vehicle prices are always quoted as ex-vat, ergo there's no VAT to deduct....Quote:
Originally Posted by Mon the fish
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It's not Vat-deductable, because commercial vehicle prices are always quoted as ex-vat, ergo there's no VAT to deduct....Quote:
Originally Posted by Mon the fish
I know what you mean, but what I meant is that business users can claim the VAT back, so they list it without VAT. Unlike for everyone else, who has to pay it
ok.......give me a few years and I plan to have a part time business ;) so my question is more relevant than it might have sounded :lol:
Just in case anyone think they can get a Clubvan VAT-free, they can't - VAT still has to be paid. But you can get it back for business use vehicle, though that introduces a whole lot of other restrictions.
About 15 years ago, my local VAT office took great pleasure in giving me back the VAT on a motorbike that I used for business travel - they recognise only two types of vehicles, cars and commercial vehicles, so motorbikes are commercial vehicles! But I wouldn't do it again, as it was an admin burden. And remember that you have to repay the VAT on the selling price when you sell it, which is quite nasty lump sum shock.
also there is a threshold where a small business can become vat registered.
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You can vat register at any level of turnover, it only becomes mandatory at iŁ77,000 p.a.Quote:
Originally Posted by Scottie
Thanks for clearing that up folks. So basically if you don't have a business, you won't have a Clubvan.
a clubman with the windows painted, gives you a much more practical option,...... imho
There's nothing stopping a private individual buying a van, Club or otherwise, there's VAT to be paid on cars and commercial vehicles and in both cases it can be reclaimed if you meet the criteria.Quote:
Originally Posted by ELFMAN
Agreed ;)Quote:
Originally Posted by weefossy