Should I Add VAT for Selling Trailer Used by my VAT Registered Business?

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    I am about to sell a trailer that has been used by my VAT registered business for a few years. Do I have to add VAT to the price?

     

    As your business is VAT registered you must add VAT to anything you sell, whether it’s your regular services or assets that have been used in the business. This applies to whoever you sell the asset to.

    in VAT – Value Added Tax

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