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Farm Business
Agricultural Matters
VAT on scrap?
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<blockquote data-quote="Kidds" data-source="post: 3998394" data-attributes="member: 5589"><p>Thank you for the replies. I know how to charge the VAT to the scrap man, and how to issue the invoice etc that bit is fine.</p><p>The bit I don't know is what to charge VAT on. Charge it on all of it, just what I claimed VAT back on or something else?</p><p>For example, I bought a second hand car/jeep for work purposes but didn't pay any VAT on it. When I scrap it am I supposed to charge VAT?</p><p>I also bought a used engine that I did pay VAT on but didn't claim it back. Do I charge it on that when I scrap it?</p><p></p><p>Or am I just over complicating it and as long as I don't weigh too much in just keep quiet about the whole thing.</p></blockquote><p></p>
[QUOTE="Kidds, post: 3998394, member: 5589"] Thank you for the replies. I know how to charge the VAT to the scrap man, and how to issue the invoice etc that bit is fine. The bit I don't know is what to charge VAT on. Charge it on all of it, just what I claimed VAT back on or something else? For example, I bought a second hand car/jeep for work purposes but didn't pay any VAT on it. When I scrap it am I supposed to charge VAT? I also bought a used engine that I did pay VAT on but didn't claim it back. Do I charge it on that when I scrap it? Or am I just over complicating it and as long as I don't weigh too much in just keep quiet about the whole thing. [/QUOTE]
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VAT on scrap?
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