Cabstar tipper

For the discussion of hand tools, power tools, operated and non-operated plant, and all sorts of kit associated with the paving and drainage trades
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Mikey_C
Posts: 952
Joined: Mon Oct 30, 2006 8:24 pm
Location: Bournemouth, Dorset

Post: # 58660Post Mikey_C

surely by the time it comes to selling any van it worth nothing "according to your books" because the account has been claiming the depreciation against any profit made each year. you then submit an invoice from a mate for disposal of said worthless vehicle. which he then sells on and you split the profits!

am I right ....... or looking at stretch
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rab1
Posts: 1869
Joined: Sun Jun 07, 2009 10:19 pm
Location: scotland

Post: # 58661Post rab1

mikeys going to jail. these things are not discussed in polite company. :;):
God loves a tryer
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msh paving
Site Admin
Posts: 1854
Joined: Tue Aug 19, 2008 7:03 pm
Location: kings lynn norfolk
Contact:
Contact msh paving

Post: # 58662Post msh paving

Hawk wrote:bought my van about 4 years ago when I wasn`t Vat registered, now I am Vat registered and upgrading my van,
question is do I charge Vat on the sale ?
yes you do, once registered as a sole trader for vat you charge it on all sales. MSH :)
paving, mini-crusher, mini-digger hire and groundwork
http://mshpaving.co.uk
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