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.
Policies are guidelines adopted by the board to chart a course of action. They tell what the board wants and may include why and how much. They should be broad enough to admit discretionary action by the administration in meeting day-to-day problems and yet specific enough to give clear guidance.