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Old 22 October 2008, 13:19   #11
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well VAT can be complex but the crucial difference between your point is that VAT is essentially a tax on consumers not middlemen i.e. commercial operators whether builders ,dealers commercial users etc who are part of the chain of charging and reclaiming

99.9% of punters are end users so do not get involved in reclaims. They have (hopefully) a VAT invoice marked "paid" which is end of

hope this helps
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Old 22 October 2008, 13:40   #12
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To get back on subject, I think we'll be seeing cobra ribs reincarnate shortly.
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Old 22 October 2008, 18:24   #13
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Heard a nasty little rumour today - don't know how true it is but I was told that they deliberately went through and will be buying the moulds back - a cheap way to relocate perhaps? Bridgend too far away from the South Coast?

Never mind the poor buggers out of work - doubt they will get any redundancy either if a new company was formed. Nice one just before Christmas.

Of course I could be totally wrong.
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Old 22 October 2008, 23:22   #14
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mmmmm not going to get into an argument here - but a fairly well known case involves a commercial invoice raised and VAT payment made for a vessel - which in turn was never paid to HMRC so being as the vessel was used commercially and the operator was trying to reclaim VAT on his purchases the 2 needed to marry up. Bottom line is the VAT was never paid on the boat, so they made the operator pay again as the vessel was in commercial use.
Perhaps not going to get into an argument because you don't really know what you're talking about? I don't know the case you're referring to, but the first, general principle of VAT law is that liability to account for tax lies with the supplier, not the purchaser (this is not the case where the transaction is not taxable because it involves export/removal of goods from one country to another). You may have heard about the 'carousel fraud' where HMRC have sought (unsuccessfully) to make innocent purchasers liable for VAT paid to a supplier from whom they purchased goods, which wasn't subsequently paid on to HMRC. Unless there are special circumstances (such as bad faith or complicity in deliberate evasion or fraud), the situation you described simply wouldn't happen. I'll eat my words if you can produce evidence to the contrary, but I'm not holding my breath.
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Old 23 October 2008, 04:14   #15
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oooo somebodies tired??....will see what i can dig up - calm down!
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Old 23 October 2008, 07:03   #16
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Heard a nasty little rumour today - don't know how true it is but...
..I'll repeat it anyway.


Quote:
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Of course I could be totally wrong.
..don't let that stop you spreading gossip.
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Old 23 October 2008, 07:07   #17
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..I'll repeat it anyway.




..don't let that stop you spreading gossip.
Why not the media do it all the time..................
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Old 23 October 2008, 07:08   #18
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Of course I could be totally wrong.
No, I'm not having that, you seem to know everything!
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Old 23 October 2008, 07:09   #19
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..I'll repeat it anyway.




..don't let that stop you spreading gossip.
Why not the media do it all the time..................

Anyway the bloke seemed pretty genuine and rather pissed off - he may have got it wrong of course but he seemed pretty sure.

Bridgend isn't that big a place.
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Old 23 October 2008, 07:38   #20
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..I'll repeat it anyway.

..don't let that stop you spreading gossip.
Isn't that the point of internet fora? To air one's views and share gossip?

So long as no one gets called names or damaging statement are spread with malice, Codders made it pretty clear that it was hear say he was passing on.
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