VAT registered- buying van in the north?

karlh

Registered User
Messages
10
Hi all

I am self employed and vat registered. I am looking to buy a van in the north for work purposes.

2010 van,2000 miles registred july 2010.

I will purchase the van ex of vat in the north.

I pay 50 euro vrt as is standard for a van when I register it here. What happens then, regarding the vat.

1-how is the vat calculated?
2-as im vat reg is the vat not paid at time of registering van.ie.paying the €50.
3.or do you pay the vat upfront and claim it back later?
 
You buy the Van ex Vat in the north(the seller puts it through at 0%)
You then Vrt the Van,which is now €200 thanks to the last Budget.
You do not have to pay the Vat,you simply put your purchase price in your Vat return in the 0% Imported goods section.
I hope that makes sense.
 
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