When a car is listed as 'VAT Qualifying' at an auction, does this mean that the winning bidder pays the hammer price PLUS VAT or is VAT included in the hammer price?
Thanks
VAT Qualifying cars at auction
Jan 28, 2007
2 Replies
Just a guess, but how about it's vehicle being sold by a VAT registered business? Meaning that VAT has to be added to the selling price. No doubt someone will know whether my guess is correct. Mike.
VAT Qualifying Cars are where the vendor has already claimed the VAT back & you have to Pay VAT on the Hammer price.
i.e. You bid £4000, You Pay £4700 + Commission
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