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.
At its most basic, policy is âa course or principle of action, adopted or proposed by a government, party, business or individualâ (Australian Concise Oxford Dictionary). The term is used in many different ways, varying from institution to institution, organisation to organisation and sometimes within institutions and organisations as well.