B2B Importing from France & VAT
Discussion
I've got wind of an opportunity to import some farm machinery from the manufacturers in France. They've quoted me a Prix HT which I understand to be the nett price prior to 19.6% TVA.
My understanding is; if we buy from them, can we give our GB VAT number and pay the nett cost, at which point we'd have to pay UK VAT when the goods are imported, which can then be claimed back with our normal VAT return as per usual.
Is my understanding correct?
Presumably there is no mechanism for us to claim back 19.6% French TVA?
My understanding is; if we buy from them, can we give our GB VAT number and pay the nett cost, at which point we'd have to pay UK VAT when the goods are imported, which can then be claimed back with our normal VAT return as per usual.
Is my understanding correct?
Presumably there is no mechanism for us to claim back 19.6% French TVA?
Correct.
Quote your UK VAT number and they should Zero Rate the sale.
You will be charged 17.5% at point of entry, which you can then reclaim from the UK VAT authorities.
At the moment there is no mechanism for reclaiming VAT paid to suppliers in other EU countries - unless you have a business centre registered for VAT in that country.
Quote your UK VAT number and they should Zero Rate the sale.
You will be charged 17.5% at point of entry, which you can then reclaim from the UK VAT authorities.
At the moment there is no mechanism for reclaiming VAT paid to suppliers in other EU countries - unless you have a business centre registered for VAT in that country.
Eric Mc said:
Correct.
Quote your UK VAT number and they should Zero Rate the sale.
You will be charged 17.5% at point of entry, which you can then reclaim from the UK VAT authorities.
At the moment there is no mechanism for reclaiming VAT paid to suppliers in other EU countries - unless you have a business centre registered for VAT in that country.
I dont think you will get charged VAT at all.Quote your UK VAT number and they should Zero Rate the sale.
You will be charged 17.5% at point of entry, which you can then reclaim from the UK VAT authorities.
At the moment there is no mechanism for reclaiming VAT paid to suppliers in other EU countries - unless you have a business centre registered for VAT in that country.
I have bought a few computers from a supplier in the EU and they never charged me VAT.
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