On a recent Utube vid messaging there is a guy who is insisting that if you convert a Van to a Campervan you have to declare it to the Vat man and pay vat on it ! My argument is that you don’t because the cost of conversion, mainly the components and board etc will all have been charged VAT when purchased and labour too if done professionally. Therefore if you had to declare it to the VATman and pay VAT on the increased perceived value, it would effectively be double vat paid.
Whats the collective thoughts on this ?
Whats the collective thoughts on this ?