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.
Princeton's WordNet(4.00 / 2 votes)Rate this definition: 1  policy(noun) a plan of action adopted by an individual or social group. it was a policy of retribution; a politician keeps changing his policies. 2  policy(noun) a line of argument rationalizing the course of action of a government.