Skip to content
Solved

VATVAL11380 | Specific applications: caravans - removable contents: used caravans

From HM Revenue & Customs · VAT Valuation Manual

There are two common alternatives. The elected method should be used consistently.

  1. Actual values

This method requires a precise value for each of the standard-rated removable items. Documentary evidence must be available to support each valuation.

  1. Standard apportionment of values

This is a method that has been agreed with the National Caravan Council Ltd and the British Holiday and Home Parks Association Ltd. Under this agreement, the value of the standard-rated removable contents should be taken as 10% of the tax-exclusive selling price of the complete caravan.

An example of how to calculate the input tax element where a caravan is sold at a tax-inclusive price is given in Notice 701/20.