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VAT on car being exported


crossy67

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If the turnover is greater than the threshold then you do.  I used to own a garage (many years ago, when I 1st started in business) and we got hit for VAT on cars we had sold over the previous year.  Stupid mistake done many moons ago as youngsters[8-)].  Maybe the VAT man was pulling my trolleys down?

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Broadly dealers have to account for VAT on the profit they make selling second hand cars not the full price. Attached note covers it in more detail

https://www.alliance-leicestercommercialbank.co.uk/bizguides/full/usedcar/parkes-vat.asp

But the VAT they account for is not recoverable by a VAT registered business nor I suspect on export
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