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VAT Qualifying UK Cars

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  • 11-03-2007 10:01pm
    #1
    SGKM
    Registered Users Posts: 207 ✭✭


    What does "VAT Qualifying" actually mean? There are a lot of "nearly" new cars, (mostly demos) in the UK are advertised as VAT Qualifying. I presume that this means that the VAT can be claimed back by business users or people buying the car for export?

    But say that you were to buy a 3 year old car from a leasing company that would have claimed the VAT back on the purchase price, would this car also be VAT Qualifying? And if it is, could someone looking to buy the car for export claim the VAT back off the UK Revenue?


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    #2
    drdre
    Closed Accounts Posts: 8,245 ✭✭✭drdre


    I would also love to find out as many ferrari's and other expensive cars sold in the uk mention the same phrase "VAT Qualifying". What does it mean?


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    #3
    Gatster
    Registered Users Posts: 1,415 ✭✭✭Gatster


    It's to do with company car rules in the Uk. AFAIK VAT Qualifying means you can get the VAT back if you can prove the car is used just for business purposes (ie. as a rental car). There are also rules relating to lease agreements and VAT Qualifying, but I'm not sure what they are.


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