BWACCOUNTINGSOLUTIONS
Region: GB
Monday 20 April 2026 12:25:56 GMT
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Alexander Cullen :
This is wrong, you can’t save the vat on the prep
2026-04-23 18:29:10
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fitnessdann :
This is incorrect information. If it’s margin scheme, you definitely can’t deduct repair VAT. Under the margin scheme you only pay VAT on your profit (sale price minus purchase price), BUT you’re not allowed to reclaim any VAT on costs like repairs, parts, or servicing. So repairs don’t reduce the VAT — they just eat into your profit. 👍
2026-04-21 07:41:32
2
maxthevandealer :
This is incorrect. Van dealership with 30 years experience. On that particular vehicle you have used an example, the vat due to gov is £833. You can obviously deduct vat for repairs from your total vat bill, but you don’t deduct it from the vat of each vehicle.
2026-05-14 05:49:06
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bradpit999 :
car repairs. ads. warranty. you are not allowed to deduct these from the profit margin to help lower the VAT on your profit
2026-04-20 21:20:47
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Nath323 :
I didn’t know you could buy a car from bca for 5k and sell it for 10k 😂
2026-06-17 21:12:19
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the preacher :
Only if ur repair bills has vat on it
2026-05-29 13:28:01
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Khaz 🇵🇸 🇮🇷 🇾🇪 🇸🇾 🇪🇸 :
So when paying the VMS, can it not further be reduced of the actual expenses spent towards the car for repairs, car wash, marketing etc?
2026-05-23 12:04:36
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user85160545828558 :
Something educational, thanks for the explanation
2026-04-20 14:33:54
2
r_78610 :
I thought it was 20 % vat so wouldn’t it be £1000 on £5000 profit?
2026-04-20 22:38:26
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CH Saab :
if only life was that easy for car traders 😂
2026-04-20 21:37:42
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ottoo :
How comes u dividen by 6 ?
2026-04-21 17:10:16
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njooo89 :
WHAT IS 6 AND Y 6
2026-04-20 14:41:15
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Demus!! :
🥰🥰🥰
2026-04-21 08:52:20
1
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