vat increase

[metalworm]

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

[FamilyDub]

 

can   yoU puhlease    use PuncTUaTIon?

[JJH]

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

[FamilyDub]

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

[Snoopy]

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!

[Real Thing]

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)

[gossa]

I think the OP is saying that you only need to pay the VAT amount, not the whole purchase price, just 15%.

[dubber36]

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.

[Snoopy]

.

[monzablue16v]

provided that your new car arrives withing 6 months