Ebay seller wanting to add vat

[marcros]

No because THE VAT MAN says so , what is it you don't understand

Show me where the vat man says that used goods are vat rated at 20%

Go on.

https://www.gov.uk/vat-margin-schemes

The seller can CHOOSE to operate under a margin scheme. If they do not, it is charged at the standard rate.

 

[artie]

No because THE VAT MAN says so , what is it you don't understand

Show me where the vat man says that used goods are vat rated at 20%

Go on.

I think you'll find Roger very kindly showed you the link , if the seller decides not to use said scheme he must charge vat on the full price .

That is quite simply not true, did you bother to read the link, or just the part you think backs up your argument.

I will be making one more post in this thread and then I am done.

 

[artie]

No because THE VAT MAN says so , what is it you don't understand

Show me where the vat man says that used goods are vat rated at 20%

Go on.

https://www.gov.uk/vat-margin-schemes

The seller can CHOOSE to operate under a margin scheme. If they do not, it is charged at the standard rate.

Similar response as above.

And now I am done.

 

[marcros]

good.

 

[woodpig]

Well I'm glad that's sorted! :lol:

 

[Noel]

I've been a non-paid Vat collector for HMRC for a long time. Thought it was a simple process until reading this thread..... : )

 

[doorframe]

So, it ended at £346. Did you get it?

 

[flh801978]

Yes I just got back from collecting it
I had seen that it was in nottingham but actually it was very close to home only 20 miles so that was a bonus

And wow what a machine size wise
I've had a couple of fobco 1/2 "drills but this is on steroids plus plus
everything is massive
I can pick up a bench fobco1/2" and carry it quite easily but this must be 350kg

we had to lift off the spindle head with a forklift the base weighs perhaps 40kg the column 40 kg the table must be 50kg
even after stripping off everything off the head.... guards/motor etc I can still not lift it so must be 120kg

when i got there we plugged it in and it sounds superb starts with a whoosh and is virtually silent.

I'll post some pics when i start putting it back together after painting it.

Oh and by the way he gave me a vat reciept so I can claim the vat back
I'm Vat reg and I charge 20% on everything I sell business wise whether new or used...thats all I'll say on the matter

Ian

the seller did say he was pleased with what he got for it as dealers had only offered 100 ish for it