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selling an item, do you add VAT?


Matthew Storrs
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I wondered if someone could point me in the right direction, I am selling my Ifor trailer which i brought brand new two years ago with VAT obviously, Now when I sell it do i add VAT to the price or not? Im not VAT registered. any help would be appriciated. Thanks

 

if not vat registered you cant ad vat on:biggrin::biggrin:

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OK thanks, seems annoying tho as the VAT (£403 in this case) I paid I won't ever see again so esentially I brought a trailer and now im selling it, who ever buys it will be getting an almost new trailer without having to pay the VAT on it.

 

Bollocks, just add £403 (or however much you want) to how much you think it's worth. You're allowed to charge as much as you like as long as you don't call it vat.:confused1:

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Bollocks, just add £403 (or however much you want) to how much you think it's worth. You're allowed to charge as much as you like as long as you don't call it vat.:confused1:

 

But if your selling it to a VAT registered Co, they won't want to pay the extra, they would be better buying from another VAT reg Co.

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