> -----Original Message-----
> From: owner-triumphs@autox.team.net [mailto:owner-triumphs@autox.team.net]
> On Behalf Of Steve Smith
> Sent: 15 July 2006 12:45
> To: triumphs@autox.team.net
> Subject: [TR] ? for UK listers re VAT and used parts
>
> I am in the UK for a few years and am collecting the
> odd bit for my TR back home now gathering dust in a
> Wisconsin barn. I recently purchased a used gearbox
> from a TR specialist, they removed it from a car, sold
> it to me with no warranty and charged me VAT. Is it
> customary to pay VAT on used parts? The only value
> added was removing it from the dead car.
>
> I wouldn't question their integrity but they told me
> over the phone the had several hardtops at 100 GBP
> each but on arriving they ranged from 100 (mostly
> dents and rust) to 250 for useable so I'm guesing they
> figure I might be a rich American (they couldn't be
> more wrong!) who might not know about things VAT.
Hi Steve,
VAT is payable on used parts, provided the business selling the parts is
registered for VAT. Part time and smaller businesses with low turnover don't
have to register for VAT, so it won't be payable in all cases. You should be
able to find anything you need to know about VAT here:
http://www.hmrc.gov.uk/home.htm
Cheers,
Bill.
Rarebits4classics
.......just what you've been looking for
PO Box 1232
Calne
Wiltshire
SN11 8WA
United Kingdom
http://www.rarebits4classics.co.uk
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