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.
What Is a Policy Cycle? First, what is a policy? We know that a policy and procedure are two distinct entities. According to the dictionary, policy is a âdefinite course or method of action selected from alternatives and in light of given conditions to guide and determine present and future decisionsâ.