2007-08-06 23:34:07 · 5 answers · asked by Roger 1 in Business & Finance ➔ Taxes ➔ United Kingdom
Nah...not legally. But you can charge whatever you want for the goods. Its up to the buyer to beware or pay what he thinks is a fair price....ESP if you know that they are second hand... Caveat emptor!
2007-08-06 23:37:13 · answer #1 · answered by Anonymous · 0⤊ 2⤋
Yes.
Anyone registered for VAT will charge VAT. They may use a margin scheme which allows them to charge only on their mark up (second hand cars, antiques etc).
2007-08-07 17:56:51 · answer #2 · answered by Do not trust low score answerers 7 · 0⤊ 0⤋
You can;t charge vat on second hand goods b'coz vat is already paid on first hand sale so there is no need to submit vat again to the govt.
2007-08-07 06:45:19 · answer #3 · answered by Navdeep S 1 · 0⤊ 1⤋
Yes.
2007-08-07 06:38:39 · answer #4 · answered by Sal*UK 7 · 1⤊ 0⤋
it will all depend if the person selling is registered for VAT
ie A AUCTION HOUSE
2007-08-07 06:46:04 · answer #5 · answered by Anonymous · 0⤊ 0⤋