12/14/2023 0 Comments 4 elements ii special edition level 64![]() ![]() You can recover VAT on any parts bought for the conversion.Įxamples of some of the ways in which you might convert a commercial vehicle into a car include: The value for VAT purposes is the value of the vehicle at the time the conversion is completed, including the cost of the conversion. But if you recover VAT on the purchase of the vehicle you must account for output tax when the conversion is completed. ![]() You can convert a commercial vehicle into a car for VAT purposes. 2.4 Commercial vehicle converted into a car ![]() Such cars will be sold on a normal tax invoice with VAT charged on the full selling price. This means that your business or any previous owner has recovered the input tax on the purchase in full.
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