boring Tax thread

   can someone explain in the most simple terms what ads that say ex tax or tax paid means to me as a uk buyer. thx

Edited by a3xloser

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a3xloser Send Private Message Find Member's Posts Newbie Joined: 04 Aug 08 Location: United Kingdom Online Status: Offline Posts: 31	Post Options Post Reply Quote a3xloser Report Post Quote Reply Topic: boring Tax thread Posted: 13 Aug 08 at 10:27am
	can someone explain in the most simple terms what ads that say ex tax or tax paid means to me as a uk buyer. thx Edited by a3xloser

Merlinboy Send Private Message Find Member's Posts Really should get out more Joined: 03 Jul 06 Location: United Kingdom Online Status: Offline Posts: 3169	Post Options Post Reply Quote Merlinboy Report Post Quote Reply Posted: 13 Aug 08 at 4:37pm
	With an ex-demo car the VAT should be built into the retail price i.e. £11999 There will be no VAT on top to pay, but once you recieve the invoice you will notice the VAT has been stripped out EG. Basic price £10211.92 VAT £1787.08 Total price £11999 I think if the boat is being remarked to the public the price should be inclusive of vat although the seller should have to pay VAT out of the retail price. But James is right if the VAT has been reclaimed then it will need to be paid at point of purchase (shown on the invoice) Edited by Merlinboy

a3xloser Send Private Message Find Member's Posts Newbie Joined: 04 Aug 08 Location: United Kingdom Online Status: Offline Posts: 31	Post Options Post Reply Quote a3xloser Report Post Quote Reply Posted: 14 Aug 08 at 8:43pm
	anyway, sound like i need to find out the tax posion on each boat, thx guys
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les5269 Send Private Message Find Member's Posts Visit Member's Homepage Really should get out more Joined: 11 Oct 05 Location: United Kingdom Online Status: Offline Posts: 1530	Post Options Post Reply Quote les5269 Report Post Quote Reply Posted: 15 Aug 08 at 6:59am
	The VAT you pay isn't at the new price, it's at the price you are buying it for now otherwise TT is right
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Merlinboy Send Private Message Find Member's Posts Really should get out more Joined: 03 Jul 06 Location: United Kingdom Online Status: Offline Posts: 3169	Post Options Post Reply Quote Merlinboy Report Post Quote Reply Posted: 15 Aug 08 at 7:47am
	Les is right, i thought i'd put that down but apparantly only in my example!

fishinthesea Send Private Message Find Member's Posts Newbie Joined: 21 Nov 17 Location: CZ Online Status: Offline Posts: 1	Post Options Post Reply Quote fishinthesea Report Post Quote Reply Posted: 21 Nov 17 at 9:37am
	Hi, can anyone help please? Probably this is a common question here, but I still unsure about our VAT status. We bought a boat 7 years ago from an Austrian charter company. At that time the boat was registered and located in Croatia. Croatia was not member of the EU back then. Some two years later I reregistered the boat in Slovakia (EU member) but the boat was still kept in Croatia (Outside EU). Since then Croatia joined EU. I am now confused if I can leave Croatia and then come back without having to pay the VAT, which is quite a problem. Thank you, Daniel

snowleopard Send Private Message Find Member's Posts Visit Member's Homepage Groupie Joined: 02 Oct 17 Location: Cornwall Online Status: Offline Posts: 66	Post Options Post Reply Quote snowleopard Report Post Quote Reply Posted: 01 Apr 18 at 2:42pm
	There is a very nasty trap here. Let's say a boat is bought within the EU, VAT paid. It is then sold outside the EU paying local tax - if any. If it is then brought back into the EU permanently it becomes liable for VAT again. There is no limit to the number of times VAT can be charged on the same boat.
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Sam.Spoons Send Private Message Find Member's Posts Really should get out more Joined: 07 Mar 12 Location: Manchester UK Online Status: Offline Posts: 3398	Post Options Post Reply Quote Sam.Spoons Report Post Quote Reply Posted: 01 Apr 18 at 3:37pm
	Not sure about this, it is many years since I worked in retail but the general principle is that VAT is charged on new goods and on the profit made by a VAT registered dealer selling used goods so that doesn't sound right, surely if EU VAT was paid on the boat when new that's it, it only becomes liable for another dose of VAT if sold by a VAT registered dealer (who will have either reclaimed the VAT when he purchased it or is liable for VAT on the profit made when he sells it. VAT would not be payable on a private sale in the same way you don't pay VAT on a used car if you buy from a non-VAT registered seller. Like I said though it's been a while so I could be wrong.......
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