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Wednesday
Jun302010

VAT Free Vans Available for those Who Aren’t Yet Registered for VAT

A company called Anchor Vans has created a business around the fact that small business owners usually get stung for paying the VAT on a new or used van when they purchase it.  If they are not registered for VAT themselves, because they are below the current threshold for doing so, they have to pay the VAT and cannot claim it back from the taxman.

Anchor Vans focuses on buying used vans where the VAT has already been paid to the taxman by the previous owner.  The company then offers the vehicle for sale through its website without the usual VAT charge, which at current rates will save small business owners a full 17.5%.

I think this is a great opportunity for small businesses and independent traders to move up and get the van they really need at a much lower price.  As the sales director for the company points out, “we saw how much difference it made to sole traders and small businesses with really tight profit margins if they didn’t have to pay the VAT.”

At present there is a fairly small selection of vans on their website, but as time goes on they will no doubt have more for small businesses to consider buying.  And with potentially hundreds of pounds worth of savings on offer, I think this could well catch on.

If you want to make sure you are paying the right amount of tax – both personally and for your business – contact us here at St Matthew now.

 



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    VAT Free Vans Available for those Who Aren’t Yet Registered for VAT - Tax, Legal
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    VAT Free Vans Available for those Who Aren’t Yet Registered for VAT - Tax, Legal & Business News from London - St Matthew Accountants London
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    VAT Free Vans Available for those Who Aren’t Yet Registered for VAT - Tax, Legal & Business News from London - St Matthew Accountants London
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    VAT Free Vans Available for those Who Aren’t Yet Registered for VAT - Tax, Legal & Business News from London - St Matthew Accountants London
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    VAT Free Vans Available for those Who Aren’t Yet Registered for VAT - Tax, Legal & Business News from London - St Matthew Accountants London
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    VAT Free Vans Available for those Who Aren’t Yet Registered for VAT - Tax, Legal & Business News from London - St Matthew Accountants London
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    VAT Free Vans Available for those Who Aren’t Yet Registered for VAT - Tax, Legal & Business News from London - St Matthew Accountants London
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    VAT Free Vans Available for those Who Aren’t Yet Registered for VAT - Tax, Legal & Business News from London - St Matthew Accountants London
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    VAT Free Vans Available for those Who Aren’t Yet Registered for VAT - Tax, Legal & Business News from London - St Matthew Accountants London
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    VAT Free Vans Available for those Who Aren’t Yet Registered for VAT - Tax, Legal & Business News from London - St Matthew Accountants London
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    VAT Free Vans Available for those Who Aren’t Yet Registered for VAT - Tax, Legal & Business News from London - St Matthew Accountants London
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    VAT Free Vans Available for those Who Aren’t Yet Registered for VAT - Tax, Legal & Business News from London - St Matthew Accountants London
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    VAT Free Vans Available for those Who Aren’t Yet Registered for VAT - Tax, Legal & Business News from London - St Matthew Accountants London
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    VAT Free Vans Available for those Who Aren’t Yet Registered for VAT - Tax, Legal & Business News from London - St Matthew Accountants London
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    VAT Free Vans Available for those Who Aren’t Yet Registered for VAT - Tax, Legal & Business News from London - St Matthew Accountants London
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    Response: Vat Tax news
    Vat taxes and updates...
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