UV2 - Commercial Vehicles

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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.


Associated Risks:

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.


UV2 - Commercial Vehicles