VAT and import duty on classic from USA

[craigjm]

Looking into importing a Jaguar MK10 from USA. Web search has given me conflicting info suggesting that IT would be subject to 10% import duty and VAT. Another site said not because it originated from the UK. What is the correct position? Any links appreciated

[paul0843]

If it's over 30 years old no duty and only 5% vat.
Fact.. I did it recently..
Paul

[craigjm]

Thanks Paul, what figure do they calculate the VAT on?

[Rich G]

Might be some useful info here...

http://www.rodsnsods.co.uk/forum/licensing-legal-s...

Rich G

[Huntsman]

So if I bought a 1972 car for £10k and paid a £1k to ship it back, that would be £11k, no duty, plus 5% vat, £550, total for the car at the port in UK would be £11,550? Correct?

[paul0843]

That's right.. The 5% is on the total . Car invoice plus shipping.
My shipping from usa ,Los Angeles was $1800 dollars,but I am sure you can get it done cheaper.
On top of that their will be about £200- £300 for customs clearances etc..
I still think you can get some good bargains in usa..
Paul

[Huntsman]

paul0843 said:

That's right.. The 5% is on the total . Car invoice plus shipping.
My shipping from usa ,Los Angeles was $1800 dollars,but I am sure you can get it done cheaper.
On top of that their will be about £200- £300 for customs clearances etc..
I still think you can get some good bargains in usa..
Paul

Interesting, I thought the duty was 10% and vat 20% which made the car untenable.

There's a pair of them I was considering importing to sell on.

[coetzeeh]

There is no "one rule fits all" as far as VAT and Duty is concerned. It depends on the where the car was manufactured, first registered , the car's historic significance etc.

I've imported a few cars and you are best off to talk to a specialist importer or even HMRC who are helpful.

A car of historic significance for example may attaract favourable duty and vat rates but for example when I imported a 1960's Alfa Romeo from outside of the EU, HMRC asked for 10% duty and 20% VAT.

Duty is calculated at the landed price incl shipping, vat on top.

[paul0843]

Huntsman said:

paul0843 said:

That's right.. The 5% is on the total . Car invoice plus shipping.
My shipping from usa ,Los Angeles was $1800 dollars,but I am sure you can get it done cheaper.
On top of that their will be about £200- £300 for customs clearances etc..
I still think you can get some good bargains in usa..
Paul

Interesting, I thought the duty was 10% and vat 20% which made the car untenable.

There's a pair of them I was considering importing to sell on.

5% vat as long as car over 30 years old. No duty..