My service based company is VAT registered. When we bought our first car I was very disappointed to find out I may not claim back the VAT we paid on the car back, since we are not a motor dealer. Now a couple of years later we want to sell that same car. My question is do we have to add VAT to our selling price like we do on all our services?
I hope not, because if we sell to a private non-VAT registered individual, then he or she will lose out on the 14% I have to add. Thanks :)