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Old July 25th 13, 01:36 PM posted to uk.transport.london
Roland Perry Roland Perry is offline
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First recorded activity at LondonBanter: Aug 2003
Posts: 10,125
Default NB4L production buses

In message , at 13:26:59 on Thu, 25 Jul
2013, Adrian remarked:
I've certainly never paid VAT on a car purchase - and I've had several
brand new cars.


How did you manage that?


Simple.

No VAT is payable on used cars, unless they've come straight from an
unbroken chain of VAT-registered businesses from new.

I didn't buy the new cars, they were leased company cars, bought by a
VAT-
registered business. So the VAT was promptly reclaimed, and would have
been charged when the car was sold again.

The only person to pay VAT on any car is the first _private_ (or
non-VAT- reg business) owner.


So your justification for saying you've never paid VAT on a car purchase
it that you've never purchased a car.


I've never personally purchased a new car, correct.
I have, however, had several new cars.


Yes we get it. You've never purchased a new car, so of course you've not
paid VAT on one.

ps According to the HMR&C site you'll have been paying 50% of the VAT on
the leasing charge.


Umm, no, because the VAT-registered company which employed me paid the
lease bill, so reclaimed the VAT on the lease cost.


Only half of it (today, anyway) according to HMR&C.

Or are you a taxi driver?
--
Roland Perry