I have a 10 year old company van, which now needs a new gearbox etc., I have decided to sell the vehicle through eBay, I believe I have to charge VAT on the vehicle and also declare the sale on my next VAT return. If I was to receive say £1000 + £200 VAT on the sale of the vehicle, would I then declare this amount on the VAT return, or also take into account eBay selling fees of 10% + insertion fees + PayPal fees etc.?
Have any other contractors been in a similar situation selling a company vehicle?
Have any other contractors been in a similar situation selling a company vehicle?
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