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VAT when selling secondhand tools

  • Associate PM.Dip
  • Practice Licence
  • 15 posts
  • # 117285

Hi All

I have a VAT registered client who is selling a number of secondhand tools he no longer needs.

Should he be charging VAT to his buyers?  

Thanks in anticipation. 

Regards

Mary  

  • Member PM.Dip
  • Practice Licence
  • 18 posts
  • # 117288

Hi Mary,

From my understanding, yes your client should be charging VAT on all secondhand tools as this is still classed as a taxable supply.

Hope this helps Smile

 

Kind Regards,

Jaye

  • Associate PM.Dip
  • Practice Licence
  • 15 posts
  • # 117291

Hi Jaye

 

Thanks for your reply.  Makes somplete sense! 

Regards

Mary  

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