USA V European Import

[On`it]

I am after advice and comments ref importing a LHD european manufactured sports car e.g ferrari, Lambo. under say 10 years and over 2 years old. If it makes any difference if the car comes in from Europe or the USA as far as costs and resale value as follows.

1st - Does this make any differance to the resale value?

2nd - There is information ref non EU imports implying EU manufactured cars are exempt from uk duty tax @ 10% any idea if this includes cars from the USA?

These are the two main questions and I am ok for now on the vat and handling side of things any top tips would be helpfull especially if there might be any real differance to the cars spec which will have any real material effect etc.

Thanks

[On`it]

Just had confirmation the 10% duty is not liable only £50 and if the car is American spec. for example brake light flashing there will be extra costs to change.
So the main question is resale value any differance?

[On`it]

HMRC did not at first agree then I went back after specialist advice and then some one at HMRC had heard of this though they dont publish any details how the Return Goods relief can be used in this way. There is a specialist department NIRU who I am awaiting written confirmation as telephone conversations dont count for much.
But they have so far confirmed only £50 charge is correct and not 10% as published in there return Goods relief. Typical HMRC and they wonder why we go to tax specialists etc.

[On`it]

Thanks I dont think there is any reason to debate the duty any more and every one needs to do there own reaserch but what is published is not in question there are some details not published or to be found and best to contact NIRU direct or a good respected shipping company who will also confirm the same as I have done. Thanks for your help.

Edited by On`it on Tuesday 22 April 18:23

Edited by On`it on Tuesday 22 April 19:11