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Vat on a trade in

John from tipp · 2014-04-08 10:52:39

I am trading in a piece of equipment I have had for years (prior to registering for Vat) DO I have to account for vat on the trade in even if I have never claimed the vat on the purchase?

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08-04-2014 11:52am

#1
John from tipp

Registered Users Posts: 6 ✭

Join Date: June 2011

Posts: 3
I am trading in a piece of equipment I have had for years (prior to registering for Vat)

DO I have to account for vat on the trade in even if I have never claimed the vat on the purchase?

Tagged:

vat

trade in.

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#2 09-04-2014 2:52pm
Eireog1

Registered Users Posts: 81 ✭✭

Join Date: January 2014

Posts: 74

John

If you didn't claim vat on the purchase then you dont have to pay on the trade in. This is not a good for resale in your business.

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