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HMRC internal manual

VAT New Means of Transport

Risks and assurance: objectives

The assurance objectives at trader’s premises are:

  • zero-rating of each new means of transport supplied for removal is appropriate;
  • vendors of new means of transport submit the original Forms VAT 411 to the PTU on a timely basis and that the forms are properly completed;
  • VAT is accounted for correctly on acquisitions by VAT-registered persons, whether for onward sale or personal use; and
  • VAT 101s (EC Sales lists) are completed for supplies of new means of transport to registered businesses in other EU member-states who take delivery of the new means of transport in the UK for subsequent removal to the member-state of consumption.