SV650.org - SV650 & Gladius 650 Forum



Idle Banter For non SV and non bike related chat (and the odd bit of humour - but if any post isn't suitable it'll get deleted real quick).
There's also a "U" rating so please respect this. Newbies can also say "hello" here too.

Reply
 
Thread Tools
Old 10-04-09, 01:56 PM   #1
tigersaw
Member
Mega Poster
 
tigersaw's Avatar
 
Join Date: Mar 2005
Location: Llanwrtyd Wells Powys
Posts: 1,146
Default Buying a used vehicle - VAT question

If I were to buy a used vehicle that was subject to VAT - for which the vendor made clear, but said 'he wont charge me the VAT' , what is the liability here? Its clear I'm not a business, its an ebay purchase.
Is it with him, or is there potential for someone to come chasing me for money in the future?
tigersaw is offline   Reply With Quote
Old 10-04-09, 01:58 PM   #2
simesb
Guest
 
Posts: n/a
Default Re: Buying a used vehicle - VAT question

It is the vendor that applies the VAT - they can't chase you. If he genuinely isn't charging VAT then he is acting illegally, but he probably just going to wrap the VAT into the purchase price. (ie Price includes VAT, rather than Price + 15%)
  Reply With Quote
Old 10-04-09, 01:58 PM   #3
timwilky
Member
Mega Poster
 
timwilky's Avatar
 
Join Date: Mar 2004
Location: Not in Yorkshire. (Thank God)
Posts: 4,116
Default Re: Buying a used vehicle - VAT question

Charging the VAT is his responsibility, if he is vat registered and does not explicitly detail the VAT in his invoice etc. Then you should assume he as incorporated it into the final charge.

Nobody should come after you for a separate amount.
__________________
Not Grumpy, opinionated.
timwilky is offline   Reply With Quote
Old 10-04-09, 02:02 PM   #4
tigersaw
Member
Mega Poster
 
tigersaw's Avatar
 
Join Date: Mar 2005
Location: Llanwrtyd Wells Powys
Posts: 1,146
Default Re: Buying a used vehicle - VAT question

OK, I'm just kinda worried he's possibly selling a vehicle that belongs to his business and not directly himself, and any concequences that may have for me
tigersaw is offline   Reply With Quote
Old 10-04-09, 02:10 PM   #5
the_lone_wolf
Captain Awesome
Mega Poster
 
the_lone_wolf's Avatar
 
Join Date: Jan 2007
Location: Hamble
Posts: 4,266
Default Re: Buying a used vehicle - VAT question

Surely you just pay an agreed price, and it's his responsibility to pay the VAT owed to to the tax man?

ie: you pay 1150 pounds in total, it's up to him to give 150 to gordon and keep £1000 for himself
__________________
Official "Dumbass of the Year" 2011
(•_•)
( •_•)>⌐■-■
(⌐■_■)
Deal with it...
the_lone_wolf is offline   Reply With Quote
Old 10-04-09, 02:13 PM   #6
tigersaw
Member
Mega Poster
 
tigersaw's Avatar
 
Join Date: Mar 2005
Location: Llanwrtyd Wells Powys
Posts: 1,146
Default Re: Buying a used vehicle - VAT question

I would hope this is the case, but the registered keeper is not necessarily the owner yada yada.
Dont want to buy a vehicle to find later someone (i.e. Gordon) has a charge on it

I'm guessing he's going to declare he sold the vehicle for an amount far below what it really sold at maybe, and pay VAT on that? He wants cash so that might be it.

Last edited by tigersaw; 10-04-09 at 02:15 PM.
tigersaw is offline   Reply With Quote
Old 10-04-09, 02:13 PM   #7
punyXpress
Member
Mega Poster
 
punyXpress's Avatar
 
Join Date: Feb 2008
Location: Riding, North
Posts: 2,664
Default Re: Buying a used vehicle - VAT question

ie: you pay 1150 pounds in total, it's up to him to give 150 to gordon and keep £1000 for himself[/quote]

That's how it used to work.
It feels like the other way round these days !
__________________
Was: K2 naked in rapid yellow - gone to a better? place
Now: Street Triple R
punyXpress is offline   Reply With Quote
Old 10-04-09, 05:57 PM   #8
skeetly
Member
 
skeetly's Avatar
 
Join Date: Jan 2008
Location: betws y coed
Posts: 749
Default Re: Buying a used vehicle - VAT question

If hes a business he has to give you an invoice with vat on it and his vat number on it.
If he's get the vehicle long enough for the depreciation to get to almost nothing he could pocket the cash. If not he could declare some of it and simply state he'd sold it to you for less money than he got.
Thats all illegal and would upset the C&E.
He could be wrapping the VAT up in the cash sum in which case he can give you an invoice showing this.
The VAT won't come after you as he is responsible for charging the VAT properly.
I guess he could say you had stolen the van and the log book and forged his signature when the VAT ask where his van went......
If he's planning subterfuge then he isn't giving you a receipt I dont think.
Putting this in writing here is good enough reason to go find another van I would say;
I mean there could be VAT inspector who owns an SV reading this right now...........
skeetly is offline   Reply With Quote
Old 10-04-09, 07:28 PM   #9
bris
Guest
 
Posts: n/a
Default Re: Buying a used vehicle - VAT question

Don't worry about it, he is responsable for the VAT not you. If you are not VAT registered the VAT trail ends with you as the new owner. If you then sell on again to a new Vat registered keeper then he can claim back a VAT element within the price but again not your concern. If you are worried about it do a HPi check on it for outstanding finance etc just to be sure.
  Reply With Quote
Old 10-04-09, 10:59 PM   #10
yorkie_chris
Noisy Git
Mega Poster
 
yorkie_chris's Avatar
 
Join Date: Apr 2007
Location: Halifax/Leeds
Posts: 26,645
Default Re: Buying a used vehicle - VAT question

To my mind "I'll knock the VAT off" simply means he's dropped the price a bit. What he does afterward is not your concern.

The usual caveats of buying a used veeehickle apply.
__________________
Currently Ex Biker
Now rebuilding a 63' fishing trawler as a dive boat
yorkie_chris is offline   Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Accident in a company vehicle question. gazman Idle Banter 6 03-03-09 07:56 AM
Buying a House / Mortgage-Legal question 600+ Idle Banter 17 17-02-09 04:08 PM
Vehicle tax legal question... Kinvig Idle Banter 4 28-10-07 03:08 PM
I'm buying my first SV, and I have a techie question... benis SV Talk, Tuning & Tweaking 4 24-04-07 08:33 PM
Exporting a Vehicle Viney Idle Banter 2 28-05-06 10:58 AM


All times are GMT. The time now is 03:20 AM.


Powered by vBulletin® - Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.