Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

VAT on second-hand buses

  • 08-02-2017 4:04pm
    #1
    CiniO
    Registered Users, Registered Users 2 Posts: 16,069 ✭✭✭✭


    Company I work for is looking at purchasing a bus/coach.
    Plenty of adverts from the north quote price + VAT.
    In ROI, that's not the case.

    Would my understanding be right, that when purchasing from the north, we are only meant to pay nett price, and provide the seller with our ROI VAT number?

    What about purchases in the ROI? Would seller be obliged to issue us with VAT invoice, which we can use then to claim the VAT back on our own products?


Comments

  • #2
    Lockedout2
    Registered Users, Registered Users 2 Posts: 402 ✭✭Lockedout2


    Coach hire is exempt from Vat in Ireland.

    You can I think get the VAT back on new touring buses under an unregistered VAT reclaim.

    If you provide a VAT number then you have to self account for the sales VAT on the purchase from outside Ireland.


  • #3
    neris
    Registered Users, Registered Users 2 Posts: 20,084 ✭✭✭✭neris


    I think if buying commercial vehicles from another Eu state you don't pay vat to the seller once you have a vat number.


  • #4
    gerrybbadd
    Registered Users, Registered Users 2 Posts: 10,301 ✭✭✭✭gerrybbadd


    neris wrote: »
    I think if buying commercial vehicles from another Eu state you don't pay vat to the seller once you have a vat number.

    There is a strange system called "The Reverse Charge". If you have a Valid VAT number, the EU seller shouldn't charge you VAT.

    However, you have to account for this VAT then yourself. But, you can also claim the VAT as a deduction, (provided your business activity isn't an exempt one). One cancels the other out then.


  • #5
    neris
    Registered Users, Registered Users 2 Posts: 20,084 ✭✭✭✭neris


    gerrybbadd wrote: »
    There is a strange system called "The Reverse Charge". If you have a Valid VAT number, the EU seller shouldn't charge you VAT.

    However, you have to account for this VAT then yourself. But, you can also claim the VAT as a deduction, (provided your business activity isn't an exempt one). One cancels the other out then.

    so does that mean rather then paying the vat in the country of purchase you pay it in Ireland to our revenue?


Advertisement