Sad VAT Question
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Scooby Regular
Joined: Dec 2001
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After having this debate at work ( We were bored ) just wondered if anyone else could enlighten us!!
If a new Scoob costs 25 Grand , If 17.5 % of this is VAT (£4375)this effectively means the price is around the 20.5 grand mark.
So when a dealer then sells a 3 month old 1000mile 2nd hand one for say 23 grand are they actually getting more for it the second time around ??? Told you we were bored!!!!!
If a new Scoob costs 25 Grand , If 17.5 % of this is VAT (£4375)this effectively means the price is around the 20.5 grand mark.
So when a dealer then sells a 3 month old 1000mile 2nd hand one for say 23 grand are they actually getting more for it the second time around ??? Told you we were bored!!!!!
Scooby Regular
Joined: May 2001
Posts: 1,981
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From: Newcastle
You worked the VAT out wrong, The car exclusive of VAT is £21,276.59, therefore VAT is £3723.41, but yeah, he would make another £700 quid !
Working for KPMG does have it's good points afterall !
Working for KPMG does have it's good points afterall !
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