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Re: [OM] Om3Ti - value?

Subject: Re: [OM] Om3Ti - value?
From: Chris Barker <cbarker@xxxxxxxxxxx>
Date: Tue, 30 Jun 1998 05:57:51 +0100
Chris Barker wrote:
> 
> Kennedy
> 
> I agree with you on the reasonableness of not charging VAT on goods which are
> 2nd hand and on which tax has already been paid, but the Treasury are not
> renowned for the reasonableness of their decisions.  I will not check very
> carefully if I decide to buy 2nd hand in the UK - thanks for the information.
> 
> Chris
> 
> Kennedy wrote:
> 
> > It seems reasonable though - the tax has already been paid by the
> > original owner and cannot be claimed twice.  It is the same principle
> > that permits businesses to buy components excluding vat (hence all the
> > adds for such goods that have prices inc. and exc. vat) - because the
> > tax will be charged when they are built into a system and sold to the
> > end user.
> >
Kennedy

I agree with you on the reasonableness of not charging VAT on goods which are
2nd hand and on which tax has already been paid, but the Treasury are not
renowned for the reasonableness of their decisions.  I will not check very
carefully if I decide to buy 2nd hand in the UK - thanks for the information.

Chris

Kennedy wrote:

> It seems reasonable though - the tax has already been paid by the
> original owner and cannot be claimed twice.  It is the same principle
> that permits businesses to buy components excluding vat (hence all the
> adds for such goods that have prices inc. and exc. vat) - because the
> tax will be charged when they are built into a system and sold to the
> end user.
>

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