Please can someone confirm my thinking on whether VAT is chargable on the sale of my clients van?
The scenario is as follows:
Aug 2015 - Van purchased (no VAT reclaimed as self employed client not VAT registered)
Mar 2017 - Client wants to purchase replacement van and part ex current van.
He is now registered for VAT, so am I correct in thinking he will need to charge VAT on the sale (part-ex) regardless of whether it was recalimed or not?