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VAT on disposal

VAT on disposal

If a company buys an asset from a non-vat registered business, when it sells the asset does it have to charge VAT?

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Matt

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21st Dec 2010 10:14

Yes

... unless it is an asset subject to some special arrangements, such as a car under the second-hand scheme.

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21st Dec 2010 10:31

Thanks

Many thanks Euan - merry xmas!

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