E
essjay
Guest
Just a quick question on how it works when you are a sole trader and you buy a vehicle privately, and if it's even possible.
I'm a sole trader but I don't pay VAT as I'm below the ceiling and I want to buy a motorbike to get into and through the City quicker. I don't have much of a budget and so I'm looking at private (second hand, non-dealer) sales. Is it even possible to buy as a sole trader this way considering you wouldn't have valid receipts?
Does BIK come into effect as I'd only be using the bike for business. Have a car for everything else.
I'm a sole trader but I don't pay VAT as I'm below the ceiling and I want to buy a motorbike to get into and through the City quicker. I don't have much of a budget and so I'm looking at private (second hand, non-dealer) sales. Is it even possible to buy as a sole trader this way considering you wouldn't have valid receipts?
Does BIK come into effect as I'd only be using the bike for business. Have a car for everything else.