buying second hand kit - vat question

[Dark Black]

Probably one for my accountant really - but thought it might be a general interest question...

My company is about to buy some second hand computer hardware from a private individual. Am I correct in my assumption that all the company needs is to get the seller to generate an invoice for the goods and that there is no vat as 1) it's a private sale and 2) the goods are second hand?

[Kylie4485]

he just has to put on the invoice

'not VAT registered'

Thats what I do when I invoice people for my time.

[TheFaQQer]

Probably one for my accountant really - but thought it might be a general interest question...

My company is about to buy some second hand computer hardware from a private individual. Am I correct in my assumption that all the company needs is to get the seller to generate an invoice for the goods and that there is no vat as 1) it's a private sale and 2) the goods are second hand?

Yes. Next.

[tim123]

Yes. Next.

Actually it's only yes to Q1,

there can be VAT on second hand goods depending upon the status of the seller

tim

[VectraMan]

I bought a second hand laptop off ebay, but the seller was a VAT registered company. He gave me a proper invoice when I asked, and I claimed back the VAT.

So even on Fleabay it's worth checking.