TZ-UK Forums TZ-UK Forums Subday
Two questions for the finance experts out there. I think they might be helpful for all of us when negotiating deals.
If I sell a watch to a dealer (straight cash deal) do they pay VAT when they re-sell?
If I do a straight swap, brand new watch for used watch (official dealer), where no cash has changed hands is the dealer liable for VAT on either the new watch or when they re-sell?
VAT, at 20%, is a massive chunk of purchase price. Would be good to understand this.
If I sell a watch to a dealer (straight cash deal) do they pay VAT when they re-sell?
If I do a straight swap, brand new watch for used watch (official dealer), where no cash has changed hands is the dealer liable for VAT on either the new watch or when they re-sell?
VAT, at 20%, is a massive chunk of purchase price. Would be good to understand this.
Thanks, SubDay
