FURTHER to your comment on my letter (CM, September 28).
12th October 1979, Page 31
12th October 1979
Page 31
Page 31, 12th October 1979
— FURTHER to your comment on my letter (CM, September 28).
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It is still my contention that the sheet is wiped clean at the end of each VAT period and that therefore the only actual cost to hauliers is the investment value of three months' VAT divided by 45.
To follow your argument through to its logical conclusion — will a haulier on ceasing trading and finally recovering all VAT paid on fuel, repay to all his customers that amount charged under this system — £922.32 less investment value (say £138.35) for each 45,000 miles charged? (I am ignoring the suggested 40 per cent for overheads and profit!) An impossible situation which surely exposes the "Alice in Wonderland" approach.
A. V. CANNINGS, Norwich, Norfolk.
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