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UK taxation – sale of an item

A little bit of an UK tax advice would be very appreciated. We have acquired an item of machinery from a customer that has asked us to dispose of it ( insurance job). We have made the item good fitted new parts etc and have a potential buyer for it .We have paid VAT on the new parts for it, but as we have not paid for the machine do we have to charge VAT on the sale ? how would this transaction be shown in the accounts ?

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