Customs has made three agreements with motor industry trade bodies on particular points concerning VAT.
The three agreements deal with:
- when double cab pick-up trucks are to be classified as commercial vehicles rather than cars;
- a simplified method of calculating VAT due on the private use of stock-in-trade cars provided free to employees; and
- the private free use of dealer demonstrators by employees.
Copies of these agreements may be obtained from local VAT offices.
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