Re: Selling cars - When are you a dealer? # Archived Message
Posted by Michael Whitworth on November 24, 2009, 7:21 am, in reply to "Re: Selling cars - When are you a dealer? #"
Hi Ian, >>>>I dont think the Vat isuue has been explained totally. If the difference between the buying & selling price is £1000 you pay the VAT within that, not on it. So the Vat would be £130.43. NOT £150<<<< please explain as that is about as clear as mud. How do you get 130.43 out of £1000? is VAT on car sdales calculated at 13.043%?? Mike
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