VAT on salvaged cars

VAT on salvaged cars

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Hi everyone,

I wonder if anyone else has come across this ? 

I have clients who are car breakers and they often buy damaged vehicles from a massive company who had better remain nameless here but who apparently own 80% of the vehicle insurance salvage companies in the UK and would own 100% were it not for the Monopolies Commission. They buy vehicles directly off the insurers and resell them to the trade either for parts or as damaged repairables.

Problem is that their invoices do not quote a VAT no. and indeed specifically say "this is not a VAT invoice" although it clearly shows VAT being added. Despite repeated requests from the clients as well as other car breakers, they simply will not issue proper invoices, always making some excuse about problems with printers etc.

The clients have always claimed back the VAT on the assumption that they could get proper invoices if necessary, but as time goes on they're beginning to get a bit worried that they may not be able to get them and are wondering if it's some sort of VAT fraud.

Any ideas, anyone ?

Thanks

Replies (2)

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By bernard michael
16th Feb 2012 15:59

Just call the number below in confidence

VAT EVASION HOTLINE 0800 595000 

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By DMGbus
17th Feb 2012 09:02

MLR report

As good a case as any, I think, for an MLR report.

But, do MLR reports get shredded / deleted as soon as received and never acted upon?

Therefore potential VAT fraudsters free to carry on regardless.

 

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