Posted by Dave F on September 19, 2003, 11:14 pm, in reply to "Re: VAT on used cars"
Hi
Just to add to that, I believe that if you sell the vehicle for more than you paid, less expenses, you have to charge VAT on the profit, regardless of the vehicle being VAT free when you bought it. May be wrong but I recall this from somewhere in my murky past.
There is a whole section about this somewhere on HM Customs website, makes wonderful reading.