Mothy
Free Member
Sorry buddy but some of what you say is correct but so much is mis-informed. I have been VAT reg. for 35 years and their are lots of wierd situations where unscrupulous people will try it on but surely any buyer parting with large amounts of cash would check all this out before parting with their money?And this is why, often when you trade in for new, car or motorhome, the agreed part exchange price won't be what appears on your invoice - a bit of shenanigans goes on so the dealer wins on the vat position.
I believe we are out of sync with our replies as well mate. Sorry.