Hi my Name is Uschi and a first time user.
I have a question:
We have a car hire company, if we buy car's we do not claim the VAT stated on the invoice. We got told on motor vehicles we can not claim the VAT.
If we sell the car later as used car we do not invoice with VAT. We could not claim the VAT so we do not charge VAT when we sell.
Is that the correct way of dealing with this. Please someone advice.