GolfGTIforum.co.uk
Model specific boards => Golf mk6 => Topic started by: metalworm on 07 December 2009, 18:57
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there is a page on what car mag google =[ vat increase -whatcar mag ] to find the article
that says if your dealer will raise an invoice for the VAT on your new car and you pay it before the 31st dec you only have to pay the current rate 15%
they have contacted customs and excise and they have confirmed it is correct provided that your new car arrives withing 6 months = end of june
i am in talks with my dealer now as i about to order
red gti dsg xenons acc leather 18 monza's satnav / dynaudio winter pack luxury pack + 3 yr service plan
YOU ONLY PAY THE VAT DUE BEFORE 31ST DEC
NOT THE FULL PRICE OF THE CAR
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:huh:
can yoU puhlease use PuncTUaTIon?
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so you pay around £30k before xmas and dont get your car til June or later and save £700.
you may as well keep the money until July
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so you pay around £30k before xmas and dont get your car til June or later and save £700.
you may as well keep the money until July
^^^^^^^^ +1
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Thats always been the rule with VAT am amazed more people don't know it.
Keep in mind how many dealer chains have gone down. If you pay them before wave bye bye to your money if they go bust!
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Thats always been the rule with VAT am amazed more people don't know it.
Keep in mind how many dealer chains have gone down. If you pay them before wave bye bye to your money if they go bust!
As long as part of the payment is made by Credit Card (only needs to be a small amount like £50) you will be covered for the full amount if the dealer goes Bankrupt (upto £30K)
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I think the OP is saying that you only need to pay the VAT amount, not the whole purchase price, just 15%.
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You don't need to pay anything.
My accountant informs me that as long as the invoice is rendered before 31st December it qualifies for 15% VAT, it dosn't mater when the account is settled.
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. :undecided:
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provided that your new car arrives withing 6 months
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When you have to pay for your car should be down to the discretion of the dealer.
I have clients that are wanting their invoices from me now for work that i won't be doing until at least March or April.
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I don't know what you're all panicking about; my dealer tells me that the extra VAT will not be charged by VW on cars registered up to end of Feb. Obviously if you don't expect to get your car before then it could be a problem, but tentative enquiries indicate that my dealer would not charge me the extra VAT even after end of Feb. due to my long wait for the car. Maybe my dealer is more understanding than some others but it's worth asking.
:wink:
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This thing about vat end of feb come on be honoust would you really want a 59 reg car that in around two days of owning it of days will look 6month old!!!!!!
VW are taking the piss the least they could do as compo is let people register them in March since they made them wait 6 months plus!!!! :angry: :angry: :angry: :angry: :angry:
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You don't need to pay anything.
My accountant informs me that as long as the invoice is rendered before 31st December it qualifies for 15% VAT, it dosn't mater when the account is settled.
the only thing you may have to watch for is the terms and conditions of what time you have to settle that invoice. I know the firm i work for and most our clients state 60days and then you start to get charged a %
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most our clients state 60days and then you start to get charged a %
It's the 'Commercial Debt Act' in England. An imputed interest charge is made over and above debt due.
Surely VW pushing this VAT increase issue is eroding the goodwill us dubbers have...? Can their billions not absorb the extra 2.5%? :undecided: