The Net figure would be 8,430.43. The 'VAT Qualifying' part means the car has always been registered to a company that is registered for VAT so the VAT is still reclaimable. Once a car has been registered to a private individual you can no longer reclaim the VAT on it-the sale becomes exempt of VAT.
policies. 1  1a : prudence or wisdom in the management of affairsb : management or procedure based primarily on material interest.
Definition of Policy Formulation. Policy formulation is the development of effective and acceptable courses of action for addressing what has been placed on the policy agenda. Effective formulation means that the policy proposed is regarded as a valid, efficient, and implementable solution to the issue at hand. If the policy is seen as ineffective or unworkable in practice, there is no legitimate reason to propose it. Policy analysts try to identify effective alternatives.