Reply
 
Thread Tools Search this Thread
 
Old 13 November 2003, 09:14   #1
Member
 
Country: UK - Channel Islands
Town: Alderney, Channel Islands
Boat name: 40-031 (new build)
Make: Lochin 40
Length: 12.25
Engine: Deutz V8 600hp
Join Date: Nov 2003
Posts: 1
Big RIB wanted

Minimum 7.5 metre, would prefer 9 or 10 urgently wanted, I/B or O/B must be up together and in VGC. Immediate cash waiting, but looking for a bargain. Prepared to travel.
__________________

__________________
ACIBrian is offline   Reply With Quote
Old 13 November 2003, 09:37   #2
Member
 
Country: UK - England
Town: SOUTHAMPTON
Boat name: Won't get Fooled Again
Make: Ribtec
Length: 6.5
Engine: Honda 130
Join Date: Mar 2002
Posts: 888
try this at 25K the guy , who is a sharp dealer, has had it on his books for a year at 40k. I suspect he paid abou 20 to 24 for it so try him at 25k

It's not going to sell via this Auction so contact him directly, but remember I said he was sharp

http://cgi.ebay.co.uk/ws/eBayISAPI.d...&category=1296
__________________

__________________
I need a little bit of Rhythym and a little bit of Blues
thewavehumper is offline   Reply With Quote
Old 13 November 2003, 10:25   #3
RIBnet supporter
 
Brian's Avatar
 
Country: UK - Isle of Man
Town: Peel, IOM
Length: no boat
Join Date: Nov 2000
Posts: 2,277
RIBase
Hmmm.
Out of interest Stuart, do you charge VAT on a second-hand product?
Presumably only if you are VAT registered?

So a private individual doesnt add VAT to his price (and doesnt pay it over to HMC&E)? Right?

So if you are a trader and you buy a second-hand rib off of a man-in-the-street, when you sell it on, you have to charge VAT? Right?

Er??
__________________
Brian is offline   Reply With Quote
Old 13 November 2003, 11:09   #4
Member
 
Richard B's Avatar
 
Country: UK - England
Town: Devon
Boat name: White Ice
Make: Ranieri
Length: 5m +
Engine: Suzuki 115hp
Join Date: Jul 2002
Posts: 5,015
Correct on all three, Brian.
__________________
Richard B is offline   Reply With Quote
Old 13 November 2003, 11:33   #5
RIBnet supporter
 
Brian's Avatar
 
Country: UK - Isle of Man
Town: Peel, IOM
Length: no boat
Join Date: Nov 2000
Posts: 2,277
RIBase
If so, then that must mean that a trader wiill never buy your rib 'cause he will have to add his margin PLUS another 17.5% before offerring it out!!
Not on is it?
__________________
Brian is offline   Reply With Quote
Old 13 November 2003, 11:45   #6
Member
 
Richard B's Avatar
 
Country: UK - England
Town: Devon
Boat name: White Ice
Make: Ranieri
Length: 5m +
Engine: Suzuki 115hp
Join Date: Jul 2002
Posts: 5,015
Yes - isn't that why brokerage is more commonly used? So you (the seller) pay the broker 100 (for the sake of argument!) as a fee, plus 17.50 vat and avoid passing on 17.5% of the full purchase price to your buyer.
__________________
Richard B is offline   Reply With Quote
Old 13 November 2003, 12:15   #7
Member
 
Country: UK - England
Town: Lymington
Make: Ribcraft
Length: 10m +
Engine: Yamaha
Join Date: Dec 2002
Posts: 205
I think you are wong Richard.

If a VAT registered broker buys a boat off jo public, he does not then charge 17.5% on top of that . The vat has been paid by the original owner so it does not then get paid again by the broker. The only reason a broker would charge vat is if they have claimed it.
__________________
stuart hedges is offline   Reply With Quote
Old 13 November 2003, 12:20   #8
Member
 
Country: UK - England
Town: Ongar, Essex
Make: Avon 620
Length: 6.2
Engine: mercury 135 Optimax
Join Date: Oct 2003
Posts: 235
They may just pay vat on their profit they make on the boat I think thats how it happens with car dealers
__________________
Steve Care is offline   Reply With Quote
Old 13 November 2003, 12:28   #9
Member
 
Richard B's Avatar
 
Country: UK - England
Town: Devon
Boat name: White Ice
Make: Ranieri
Length: 5m +
Engine: Suzuki 115hp
Join Date: Jul 2002
Posts: 5,015
I may be wrong as you say... and this would fit in with how used car dealers pay VAT. But do these rules apply to boats as well?

The fact that the purchase was made from "Joe Public" shouldn't matter. It's just a purchase from a non-VAT registered seller. So at the point of sale, VAT is applied according to the calssification of goods and seller. If boat dealers have a dispensation then good luck to them!
__________________
Richard B is offline   Reply With Quote
Old 13 November 2003, 15:30   #10
Member
 
Country: UK - England
Town: SOUTHAMPTON
Boat name: Won't get Fooled Again
Make: Ribtec
Length: 6.5
Engine: Honda 130
Join Date: Mar 2002
Posts: 888
Quote:
Originally posted by Brian
Hmmm.
Out of interest Stuart, do you charge VAT on a second-hand product?
Presumably only if you are VAT registered?

So a private individual doesnt add VAT to his price (and doesnt pay it over to HMC&E)? Right?

So if you are a trader and you buy a second-hand rib off of a man-in-the-street, when you sell it on, you have to charge VAT? Right?

Er??
yep, that's the way it works out HMce do well out of it but i think the Vat is only charged on the profit if it was a non vat purchase by the broker. My camel wa from a dealer and there was Vat on that!

the other thing to bear in mind is that the dealer knows that he must make money so he will buy cheap enough to make it sweet for him
__________________

__________________
I need a little bit of Rhythym and a little bit of Blues
thewavehumper is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off





Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -5. The time now is 15:01.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.