I have a client who has a number of separate VAT registered companies, some Standard Accouting, some Cash Accounting. All the companies are VAT registered.
Company A buys commercial vehicles. Company A then sells the vehicles to Company B, whilst the vehicles are under finance agreements. When the finance agreement has been settled Company B then sells the vehicle to Company C. VAT was applied (and claimed) on the original purchase invoice to Company A. Does VAT need to be applied to the inter company Invoices ?