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Vat exempt re wav

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    Vat exempt re wav

    Hi all. I know we can claim vat but how does it work when purchasing a 2nd hand wav from a trader? Do they claim the vat? Thank you.
    Diagnosed May 2021 bulbar onset als.

    #2
    Hello Shelley
    guess what , there is yet another form for you to fill in…
    please see attached link
    https://www.gov.uk/government/public...hicle-vat1615a

    complete the form and your dealer sorts out the VAT side of it

    MND is on the list for VAT exemption

    shaun
    As long as there’s golf and beer I’m happy

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      #3
      The man at dealer ship is doing that so I guess the price advertised is exclusive of vat. Thank you.
      Diagnosed May 2021 bulbar onset als.

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        #4
        Hi Shelley
        the VAT on 2nd hand cars is not the same as on new purchase, (if a private sale there is no VAT on used cars), if it’s a dealer it is called Margin scheme ,It is basically 1/6 of the difference between his buying price and the selling product price, it is generally not shown in any paper work.
        might be worth checking your dealer is VAT registered.
        I guessing your dealer sells WAVs so they are probably used to VAT exempt and may have his own version of the exempt form ,it’s only for his records and a tax reconciliation

        VAT is very complicated system , but I found this article, scroll down to the bottom , section on VAT relief adapted cars
        hope this helps
        https://www.cargurus.co.uk/Cars/arti...n_buying_a_car

        shaun
        As long as there’s golf and beer I’m happy

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          #5
          I found this very same article. Thank you kindly for taking the time to explain it all. I'm excited that we found a decent wav.
          Diagnosed May 2021 bulbar onset als.

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