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The effect of COVID and BREXIT on the UK market.

Comments

  • #2
    Isambard
    Registered Users, Registered Users 2 Posts: 5,795 ✭✭✭Isambard


    almost all of these will be VAT qualifying.


  • #3
    Isambard
    Registered Users, Registered Users 2 Posts: 5,795 ✭✭✭Isambard


    LIGHTNING wrote: »
    Not really sure how relevant that is to us.

    they would all be VAT qualifying and thus excellent candidates for export to Ireland. My purpose was to demonstrate there is no shortage for our market.


  • #4
    road_high
    Registered Users, Registered Users 2 Posts: 19,657 ✭✭✭✭road_high


    Isambard wrote: »
    they would all be VAT qualifying and thus excellent candidates for export to Ireland. My purpose was to demonstrate there is no shortage for our market.

    Just explain again to me again how they’d be Vat qualifying?


  • #5
    Isambard
    Registered Users, Registered Users 2 Posts: 5,795 ✭✭✭Isambard


    road_high wrote: »
    Just explain again to me again how they’d be Vat qualifying?

    as it says "many of which are former hire and ex-lease vehicles." As such the Companies that own them will have claimed back the VAT they paid on purchase through their accounts and if they sell the car for export, they can do so without charging VAT. VAT would be paid by the importer to Ireland. Thus the double VAT situation is avoided on these cars.


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