Purpose of Report:
To identify all used vehicles where the dealership has recovered VAT on the purchase, including commercials which may have been taken in part-exchange.
Associated Risks:
•Ensure that a valid VAT Invoice from the supplier is held to support the claim to Input Tax.
Bear In Mind:
•The 'self-billed' invoice produced by most DMS systems is not sufficient evidence to support a claim to Input Tax.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article