Query from one of my work colleagues here in regard to the payment of VAT on new car imports from Northern Ireland.
Is VAT payable on the VRT element of the purchase? Or is it just on the base price of the vehicle.
I have an inclination that the VAT is also payable on the VRT, a sort of tax on tax! Thanks in advance for any advice.
Is VAT payable on the VRT element of the purchase? Or is it just on the base price of the vehicle.
I have an inclination that the VAT is also payable on the VRT, a sort of tax on tax! Thanks in advance for any advice.