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VAT Increases!!
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countrywide
 


Member Since: 16 Sep 2007
Location: UK
Posts: 6019

United Kingdom 2016 Discovery 4 3.0 SDV6 Graphite LE Auto Unknown ColourDiscovery 4

They have to pay the VAT at the end of January and the customer has probably only paid a £1K deposit, so they would have to fund the VAT. I guess if you opted to pay the full amount up front they wouldn't mind. Also if it's on finance they invoice the finance company who would be reluctant to have an early invoice and not be able to get the monthly payments from the "borrower" until it's delivered.

Probably too much hassle for them to be honest
  
Post #53484015th Oct 2009 12:53 pm
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SJR
 


Member Since: 09 Aug 2006
Location: East Manchester
Posts: 4030

England 2006 Discovery 3 TDV6 SE Auto Arctic FrostDiscovery 3

Because they are too lazy to establish the facts on what is/is not possible Thumbs Up
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Post #53484315th Oct 2009 12:54 pm
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Ecosse
 


Member Since: 07 Jan 2005
Location: Grampian, Scotland
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slots wrote:
So why aren't the dealers prepared to do it?


Two obvious reasons: (a) they have all been using it to push sales in this last quarter and (b) cash flow - they have to account for the difference between VAT Outputs & Inputs within a month of each quarter end.

The issue of LR invoicing them is a total bum steer Evil or Very Mad - you don't have to match your VAT outputs with inputs at all - indeed most businesses simply can't as there is not an identifiable item involved.
  
Post #53484515th Oct 2009 12:59 pm
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Ecosse
 


Member Since: 07 Jan 2005
Location: Grampian, Scotland
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countrywide wrote:
They have to pay the VAT at the end of January and the customer has probably only paid a £1K deposit, so they would have to fund the VAT.
Probably too much hassle for them to be honest


Countrywide - they will only have to pay quarterly vat at the end of Jan IF their vat quarter ends on 31/12; some dealers may have quarters ending on other months in which case the vat on their vat invoices rendered in December would not have to be paid until end of Feb or March!! Shocked
No reason for them not dealing with the cash flow issue by just offering to render a December invoice against a larger deposit (vat will be £6k'ish in most cases)
  
Post #53486515th Oct 2009 1:28 pm
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countrywide
 


Member Since: 16 Sep 2007
Location: UK
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United Kingdom 2016 Discovery 4 3.0 SDV6 Graphite LE Auto Unknown ColourDiscovery 4

Your right December is only worst case as a VAT quarter, if it's later then there is no excuse.
  
Post #53488015th Oct 2009 1:47 pm
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slots
 


Member Since: 30 Oct 2007
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United Kingdom 2013 Discovery 4 3.0 TDV6 HSE Auto Causeway GreyDiscovery 4

Fortunately our first has been delivered and the second is on its way to the dealer as we speak and their cash sales but the dealer was going on about how they're all fearing January as they think their retail sales of new cars will go through the floor.
  
Post #53491215th Oct 2009 2:54 pm
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SJR
 


Member Since: 09 Aug 2006
Location: East Manchester
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England 2006 Discovery 3 TDV6 SE Auto Arctic FrostDiscovery 3

slots wrote:
.... but the dealer was going on about how they're all fearing January as they think their retail sales of new cars will go through the floor.


I think it should have said this Wink Thumbs Up

slots wrote:
.... but the dealer was going on about how they're all fearing January as they think they will have to offer an additional 2.5% discount, or sales of new cars will go through the floor.
 I believe that every human has a finite number of heart-beats. I don't intend to waste any of mine running around doing exercises.
Buzz Aldrin (1930 - 
 
Post #53491415th Oct 2009 2:57 pm
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tanters
 


Member Since: 24 Oct 2007
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Ireland 2005 Discovery 3 TDV6 Base 5 Seat Manual Tonga GreenDiscovery 3

Sorry Ecosse , missed this


I'll grab a price list today if I can and get you some idea of what we'd be paying if we didnt buy our stuff from TLO Very Happy Thumbs Up
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Post #53527016th Oct 2009 8:47 am
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V8NOT
 


Member Since: 04 Dec 2007
Location: near Bath
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England 2005 Discovery 3 TDV6 HSE Auto Cairns BlueDiscovery 3

Perhaps another reason is that the dealers simply know already that Landrover will have to reduce the cost price to keep the on the road price the same and are simply using this as a fear factor to drive sales into this quarter?

Maybe Landrover will offer some other options in January. such as:
- include extras to the retail value of the VAT increase (their cost will be negligable, and maybe this is why they left a few choice things like adaptive lights off the HSE?)
- zero rate finance on a more normal 3 year options type deal
- higher GFV
- an SE variant!

Or perhaps they will simply let the dealers deal with it if they want to?
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Post #53543816th Oct 2009 4:30 pm
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kevi
 


Member Since: 18 Mar 2006
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Wales 2012 Discovery 4 3.0 TDV6 GS Auto Orkney GreyDiscovery 4
VAT

Just read that vat is going back up to 171/2% on january 1st.

If so how will this affect d4 sales if orded now but delivered after that date, witch rate would i pay ?
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Post #55018112th Nov 2009 4:38 pm
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SJR
 


Member Since: 09 Aug 2006
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England 2006 Discovery 3 TDV6 SE Auto Arctic FrostDiscovery 3

http://www.disco3.co.uk/forum/topic40379.html?highlight=vat Thumbs Up
 I believe that every human has a finite number of heart-beats. I don't intend to waste any of mine running around doing exercises.
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Post #55018412th Nov 2009 4:50 pm
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DG
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Wales 

merged Thumbs Up
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Post #55031912th Nov 2009 8:04 pm
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bellautos
 


Member Since: 02 Feb 2006
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United Kingdom 2010 Discovery 4 3.0 TDV6 SE Auto Santorini BlackDiscovery 4

Ive just been on to my dealers to buy a new D4, simlar to the rest of you i was told about Febuary delivery time Sad
But i may as well wait untill March and get a 2010 car than 28 days before getting a 2009 car.

I also asked about the VAT, i offerd to pay for the car today and pay 15%vat, they said they can not take my payment because landrover will not invoice them untill the vin number has been created and that will be in january. Evil or Very Mad

My vat return will run 1-12-09 to 28-2-2010 so in one return ive got 2 vat limits to deal with, which to me isnt a problem.
I do this every quater with EU and non EU sales, same deal realy.
I dont have a problem with doing all the that my self so i cant understand why landrover do.

Also what gets me is, why should i be penilised with a rase of 2.5% vat when i want a car today that they cant provide.they should at least take my money today at 15% , pay it to the vat man.
When they actualy buy my car at 17.5% pay the bill and claim it back.
Its a win win situation for them as i see it.



I might go buy a X5 today instead lol


Pete
  
Post #55122814th Nov 2009 5:04 pm
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mwestcrew
 


Member Since: 24 May 2005
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United Kingdom 2011 Discovery 4 3.0 TDV6 Landmark LE Auto Fuji WhiteDiscovery 4

Off you go then............
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Post #55130814th Nov 2009 9:12 pm
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Smarticus
 


Member Since: 01 Jan 2005
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2010 Discovery 4 3.0 TDV6 HSE Auto Ipanema SandDiscovery 4

Pete - The dealers wont take the risk of losing out on the VAT. Many of them will have had their fingers badly burned with VAT problems in the past (such as the disability dodge which came back to bite). LR themselves wont take unnecessary risks with VAT as in such a low margin / high gross cost environment 2.5% is a serious threat. And HMR&C wont clarify what they will and will not accept. They are prepared to quote the rules on tax points - but will then refer to the overriding principle that if the tax payer deliberately and artifically contrives to avoid a higher tax cost - then HMR&C has the right to pursue the tax payer for any apparent shortfall in tax. I guess the dealers aren't confident that the customer would agree to reimburse the extra 2.5% should it arise, and I guess LR arent confident that the dealer will reimburse it either.

So the secret is simply to haggle harder but on parts of the deal that LR and the Dealer and the customer can actually control - VAT probably isn't one of those areas right now.

An X5 ! - that would be like taking a rather sharp knife to your nose Shocked
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Post #55137415th Nov 2009 9:13 am
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