A sole trader purchased taxis and taxi plates. He then hires the cars/plates out to taxi drivers for €200 per week.
Is this activity subject to VAT? I believe the rental of vehicle is subject to VAT. However, the hire of taxi plates is VAT exempt. Which category does this fall into?
Is this activity subject to VAT? I believe the rental of vehicle is subject to VAT. However, the hire of taxi plates is VAT exempt. Which category does this fall into?