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Merlin Auctions & Vat

  • 20-03-2006 11:21am
    #1
    karltimber
    Moderators, Home & Garden Moderators Posts: 1,928 Mod ✭✭✭✭


    If I were to buy a commercial van at merlin's for say euro5000 and it has a vat invoice included -- what does this mean. I am not reg for Vat.

    A - I just have to pay the 5k (+fees) and absorb the vat as a joe punter.

    B - I have to pay vat on top of the 5K.

    C - a trader can buy it and claim back the vat.

    Am I correct in saying A & C are correct !!!

    Thx


Comments

  • #2
    whippet
    Registered Users, Registered Users 2 Posts: 7,724 ✭✭✭whippet


    regardless of who you are you must pay the seller the VAT. Then you can claim the VAT back if you are VAT registered.


  • #3
    karltimber
    Moderators, Home & Garden Moderators Posts: 1,928 Mod ✭✭✭✭karltimber


    whippet wrote:
    regardless of who you are you must pay the seller the VAT. Then you can claim the VAT back if you are VAT registered.

    Is it not a case though that the seller has already claimed the tax baxk.

    Do you think/is it normal for the Vat to be included in the sale price when the vat invoice is attached to the sale ??

    thx a million.


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