CEX prices for iPhone X?

73
Found 3rd Nov 2017
Having thoughts of just taking my X to CEX
it’s definitely nice but side by side, I think I prefer the screen size of my 6s plus
they don’t have it listed on the website so if anyone’s takes one in today can you say what you got?

my phone is a 64GB Space Grey
thanks
Community Updates
AskApple
73 Comments
Avatar
deleted79467
why not give them a phonecall ?
mattmerch2 h, 12 m ago

why not give them a phonecall ?


They don't have a phone number and when you ask on Twitter, they tell you to pay to travel to one of their stores if you don't have one nearby.
Avatar
deleted79467
MR11232 m ago

They don't have a phone number and when you ask on Twitter, they tell you …They don't have a phone number and when you ask on Twitter, they tell you to pay to travel to one of their stores if you don't have one nearby.


just googled my local store (brixton )

and got this




£ · Cell phone store in London, England
Retail chain buying & selling DVDs, video games & digital devices including mobile phones & laptops.
Address: 424 Brixton Rd, Brixton, London SW9 7AY
Hours:
Open today · 10am–7:30pm
mattmerch3 m ago

just googled my local store (brixton )and got this CeX …just googled my local store (brixton )and got this CeX WebsiteDirections3.886 Google reviews£ · Cell phone store in London, EnglandRetail chain buying & selling DVDs, video games & digital devices including mobile phones & laptops.Address: 424 Brixton Rd, Brixton, London SW9 7AYHours: Open today · 10am–7:30pmPhone: 0330 123 5986Suggest an edit


They seem to have put a number up now but I called it and it's an automated message to get Intouch via website or twitter etc and line goes dead lol
Edited by: "MR1123" 3rd Nov 2017
Yep it’s nearly impossibly to speak to somebody otherwise I’d call no bother. Website won’t list it as they don’t want locked to the price for a week either. From what I hear they are paying £1 over rrp haha
They normally pay a bit over. Please let me know too:) pm me prices;)
they paid 1049 this morning in leeds for a 64 gig black - the 256 versions they were just paying the same - seems your better with smaller model - not sure if prices have changed - usually goes up as they get harder to get hold of
Can't you return it? If you bought it online you should be able to even if you have used it.
Just come out of CEX, they paid me 1050 each, not bad, get my £200 vat back and also then £50 profit
£1000 over the 4 phones worst case scenario
CeX don’t take calls instore. Apparently they’re for staff use only (the phone numbers) despite being publicly listed!
nrackham7650 m ago

Just come out of CEX, they paid me 1050 each, not bad, get my £200 vat …Just come out of CEX, they paid me 1050 each, not bad, get my £200 vat back and also then £50 profit £1000 over the 4 phones worst case scenario


How do you get Vat back??
MarioMan7 m ago

How do you get Vat back??


I’ve got my own company, as the sale fell into Nov I don’t get the vat back until after Christmas but its decent to do on something like this whereby I earn £1000 in total over the 4 units
nrackham7651 m ago

I’ve got my own company, as the sale fell into Nov I don’t get the vat bac …I’ve got my own company, as the sale fell into Nov I don’t get the vat back until after Christmas but its decent to do on something like this whereby I earn £1000 in total over the 4 units


What does your company do? What's yearly turnover?

Could a average Joe do something similar?
LOL_is_stupid8 h, 12 m ago

Sounds dodgy as fuck. Surely you’ve bought these items as company assets a …Sounds dodgy as fuck. Surely you’ve bought these items as company assets and can’t simply turn them over the day you bought them and get the VAT back.


Nothing dodgy, I bought items using my business account. I claim the vat back on them and sell them as second hand units where there is no vat.
Nothing dodgy at all. It’s playing the system. The same I get paid £800 a month to ensure I pay no tax:) and the fact that I also have a company in Spain who purchase from me to bring down my corporation tax:)
MarioMan11 h, 9 m ago

What does your company do? What's yearly turnover?Could a average Joe do …What does your company do? What's yearly turnover?Could a average Joe do something similar?


We assemble robotics for the food industry. Turn over is decent:)
Anyone can open a business. It cost about £15 on companies house. Registering for vat returns is free. Nothing else to it
nrackham7614 h, 39 m ago

Just come out of CEX, they paid me 1050 each, not bad, get my £200 vat …Just come out of CEX, they paid me 1050 each, not bad, get my £200 vat back and also then £50 profit £1000 over the 4 phones worst case scenario


But if you claimed vat on the purchase as a business asset you need to charge vat on the sale and if you don't charge vat it's fraud, and if your happy committing fraud u might as well just put randoms numbers on you vat return and make more than a grand.
nrackham761 h, 45 m ago

Nothing dodgy, I bought items using my business account. I claim the vat …Nothing dodgy, I bought items using my business account. I claim the vat back on them and sell them as second hand units where there is no vat. Nothing dodgy at all. It’s playing the system. The same I get paid £800 a month to ensure I pay no tax:) and the fact that I also have a company in Spain who purchase from me to bring down my corporation tax:)


Course there is vat on second hand business assets.
nrackham761 h, 45 m ago

We assemble robotics for the food industry. Turn over is decent:)Anyone …We assemble robotics for the food industry. Turn over is decent:)Anyone can open a business. It cost about £15 on companies house. Registering for vat returns is free. Nothing else to it


Well there is more too it, you have to be producing a vatable supply to allow for a vat registration and to allow for vat reclaims to be made.
ibblackberry121 m ago

Course there is vat on second hand business assets.


If I sell a second hand item I sell it without vat. The vat has already been paid once,
ibblackberry117 m ago

http://www.krwaccountants.co.uk/krw-news/krw-q-a/item/when-do-i-have-to-declare-vat-on-the-sale-of-an-asset.html


It's already been paid it's how Cex run their business model
nrackham763 m ago

If I sell a second hand item I sell it without vat. The vat has already …If I sell a second hand item I sell it without vat. The vat has already been paid once,


Yeah, that's not how vat works, you buy it and you reclaim the vat, you then sell it and you add and pay over vat. That way the revenue make money on the effective vat applied to the profit between the two traders.

I you think you don't change vat on items you sell just because you claimed vat on them originally then you don't understand the vat system at all.
MR11238 m ago

It's already been paid it's how Cex run their business model


Yes but this is different as it's your vat registered company selling to cex. If the director owned the asset personally, and the. Sold it to cex then it's a non vatable entity selling to cex and that's different but opens up a whole set of other issues as the phone would have to be gifted to teh directed and then there would be Benefit In Kind issues.
Edited by: "ibblackberry1" 4th Nov 2017
nrackham769 m ago

If I sell a second hand item I sell it without vat. The vat has already …If I sell a second hand item I sell it without vat. The vat has already been paid once,


An example. You buy phones for your shop (just an example), you buy them from the wholesaler and you claim the vat back. Happy days.

Now when you sell them to a punter in your shop you have to apply vat and pay it over. Just have a look at any Tesco receipt or anything, they charge you vat on the sale. They have also reclaimed vat in the purchase from their whole sellers.

Vat doesn't just get changed once.

For someone that has a multitude of companies this is a dangerous lack of knowledge.
MR112313 m ago

It's already been paid it's how Cex run their business model

He is right, vat would have to be paid on the sale of the asset.
CoeK1 m ago

He is right, vat would have to be paid on the sale of the asset.


That’s not the case, second hand items do not have vat. Buy something from cex and you will see.this being said if they do not charge vat on the item when they sell it then I cannot claim my vat back.. hence why when you sell to cex there is not vat
nrackham7616 m ago

If I sell a second hand item I sell it without vat. The vat has already …If I sell a second hand item I sell it without vat. The vat has already been paid once,


That isn't how it works. I suggest you ask your accountant.
ibblackberry18 m ago

An example. You buy phones for your shop (just an example), you buy them …An example. You buy phones for your shop (just an example), you buy them from the wholesaler and you claim the vat back. Happy days.Now when you sell them to a punter in your shop you have to apply vat and pay it over. Just have a look at any Tesco receipt or anything, they charge you vat on the sale. They have also reclaimed vat in the purchase from their whole sellers.Vat doesn't just get changed once. For someone that has a multitude of companies this is a dangerous lack of knowledge.


Cex is entirely different. It’s the same as if I sold on eBay. If there sale does not include vat then o cannot sell to them with vat as they would not be able to claim it back (due to selling it without)
nrackham761 m ago

That’s not the case, second hand items do not have vat. Buy something from …That’s not the case, second hand items do not have vat. Buy something from cex and you will see.this being said if they do not charge vat on the item when they sell it then I cannot claim my vat back.. hence why when you sell to cex there is not vat


If you buy a second hand item you aren't charged vat, you can't claim vat back and can sell it without including vat. But you bought a new item, were charged vat and are now trying to claim the vat back.
CoeK3 m ago

He is right, vat would have to be paid on the sale of the asset.


Yeah, it's a straight fwd fact.

Cex will apply the second hand goods scheme vat rules which allows them to not shoulder the whole Vat burden.

But that's neither here nor their, if a vat reg company buys and asset and sells it on their will be a vat reclaim on the purchase and vat payable on the sale.

And I'm ignoring the fact that your are actually trading in phone sales. Either way the vat position doesn't change.
CoeK1 m ago

If you buy a second hand item you aren't charged vat, you can't claim vat …If you buy a second hand item you aren't charged vat, you can't claim vat back and can sell it without including vat. But you bought a new item, were charged vat and are now trying to claim the vat back.


If you buy a second hand asset you will be charge vat if you buy it from a vat registered entity.
ibblackberry149 s ago

If you buy a second hand asset you will be charge vat if you buy it from a …If you buy a second hand asset you will be charge vat if you buy it from a vat registered entity.


Sorry I meant if you buy it from a person, like gumtree Facebook etc.
CoeK3 m ago

If you buy a second hand item you aren't charged vat, you can't claim vat …If you buy a second hand item you aren't charged vat, you can't claim vat back and can sell it without including vat. But you bought a new item, were charged vat and are now trying to claim the vat back.


Yeah he is claiming the vat back. But he also has to charge it on the sale as he is a vat registered business making the sale of the assets.

Come on guys, basic stuff.
ibblackberry11 m ago

Yeah he is claiming the vat back. But he also has to charge it on the …Yeah he is claiming the vat back. But he also has to charge it on the sale as he is a vat registered business making the sale of the assets.Come on guys, basic stuff.


It is strange that people think you can just avoid paying vat by selling an asset on. If it was that simple everyone would do that.
CoeK7 m ago

That isn't how it works. I suggest you ask your accountant.


For a business owner that's a lack of knowledge, as above you need to speak to an accountant before you run into issues.
CoeK3 m ago

It is strange that people think you can just avoid paying vat by selling …It is strange that people think you can just avoid paying vat by selling an asset on. If it was that simple everyone would do that.


Yeah I'd open a phoenix company, buy 1000 iPhones a week claim all the vat back, and sell them at £50 less than retail and make my millions, easy lol
nrackham763 h, 2 m ago

Nothing dodgy, I bought items using my business account. I claim the vat …Nothing dodgy, I bought items using my business account. I claim the vat back on them and sell them as second hand units where there is no vat. Nothing dodgy at all. It’s playing the system. The same I get paid £800 a month to ensure I pay no tax:) and the fact that I also have a company in Spain who purchase from me to bring down my corporation tax:)



nrackham7656 m ago

If I sell a second hand item I sell it without vat. The vat has already …If I sell a second hand item I sell it without vat. The vat has already been paid once,



Wow, just wow. Surely you can't be this ignorant if you run a successful business with "decent" turnover as you claim.

In the first instance you have committed VAT fraud. I hope for your sake your turnover really is decent enough to justify the purchase and you don't get audited anytime soon as they could ask to see the phones.

The bit you seem to be completely missing is the business owns the phones, not you. If you are not VAT registered and buy an item you do not have to charge VAT when you sell it on. If you are VAT registered, reclaim the input VAT you are not joe blogs, you have to charge VAT when you sell. In fact even if you purchase a second hand item without input VAT being reclaimable in some instances you will charge VAT on the portion above the cost.

Secondly I suspect you have committed theft from the company. (If its a LTD company, in many respects it is almost treated like a person in Law, so not much different then stealing from a person. It doesn't matter if you own all the companies shares). Those phones belong to the company, if you sell them any monies received have to go back to the company. You must clearly be pocketing the money, as if you returned it to the company your accountant would question where it came from. At which point he would have told you how stupid you are.

No one would be happier then me, for you to be some sort of genius who's figured out a huge tax loophole. Let alone the 20% margin I'd give myself on any product I purchased through the company and wiped on my backside to make second hand, I could pay no tax on my income. Buy 1 iPhone X for every £1k the company made in profit, sell them to CEX and company pays no Corp Tax and I pay no income Tax.

Unfortunately you're an idiot and I strongly advise you seek advice and keep your fingers crossed this doesnt come up in an audit. And for the love of god please nobody listen to him and follow his example.

Have you never looked at a second hand car which states VAT Qualifying and wondered what that is about???
Edited by: "Mentos" 4th Nov 2017
ibblackberry130 m ago

Yeah I'd open a phoenix company, buy 1000 iPhones a week claim all the vat …Yeah I'd open a phoenix company, buy 1000 iPhones a week claim all the vat back, and sell them at £50 less than retail and make my millions, easy lol


It’s a very straight forward process:

I buy an item from Apple and pay vat.
I claim the vat back through my business.
I sell the item on release to cex (a second hand store)
Cex pay me directly into my private bank account.
I do not charge vat to cex not do they charge vat when they sell to the buyer.
I account the items as a directors withdrawal.
If I go over the threshold I pay a small tax. This is lower than the original vat.
There is nothing else to it and it’s entirely legal.
Everything’s is declared.
It’s called playing the system. As mentioned earlier. I get paid £815 per month to ensure I don’t pay a huge tax (as per a lot of business owners)
To ensure I pay little/none corporation tax I buy/sell between my foreign and English companies. Again, everything is above board.
It’s what the majority of companies do that have a sizeable turnover.
ibblackberry132 m ago

Yeah I'd open a phoenix company, buy 1000 iPhones a week claim all the vat …Yeah I'd open a phoenix company, buy 1000 iPhones a week claim all the vat back, and sell them at £50 less than retail and make my millions, easy lol


So your gonna do what cex/cash converters/cash recycle do? Except your going to specialise in buying phones only? And of course focus on making money through the vat you pay...
Post a comment
Avatar
@
    Text

    Top Discussions

    Top Merchants