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This is a bit of smoke and mirrors to someone who isn't vat registered.
If a year old van is worth £12,000+vat it'll cost someone who is isn't vat registered £14,400. So it's no difference really. If your vat reged you can claim the vat back but you loose when billing customers as it makes you too expensive, if your not vat reged you don't but you gain when quoting for work. It swings in roundabouts.
If a year old van is worth £12,000+vat it'll cost someone who is isn't vat registered £14,400. So it's no difference really. If your vat reged you can claim the vat back but you loose when billing customers as it makes you too expensive, if your not vat reged you don't but you gain when quoting for work. It swings in roundabouts.