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Vat Treatment of Import

  • 16-05-2011 11:17am
    #1
    Registered Users, Registered Users 2 Posts: 27


    Hi,

    Can anyone clarify exact treatment on below as from searches I seem to get a lot of different answers and Revenue site is not exactly crystal clear either.

    I have option of puchasing a UK Vat qualifying car(note it is ex company car, not specifcally a commercial vehicle), zero rated for vat, using vat number of my Irish registered company. Car is about 3 years old and 70k miles.

    I believe that Vat is then payabale here at 21% but is it payable when I purchase and import or is it payable if/when it is sold on from the company?

    Thanks


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