UV2 - Commercial Vehicles
|Top Previous Next|
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.
•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.