Import from Japan
Discussion
Hi - I am trying to work out the import duty payable on a car I want to buy and import from Japan. The car is a mercedes. I was under the impression that the duty would be 10% but read today the following on a car import website -
"Importing a vehicle under 30 years old
Manufactured outside the EU – If you import a vehicle from outside of the European Union (EU) that was also built outside the EU you will be required to pay 10% import duty and 20% VAT in order to release it from UK customs. This is calculated on the amount you have purchased the vehicle for in the country you are importing it from.
Manufactured within the EU – If you import a vehicle from outside of the EU that was originally built in the EU for example a Porsche 911 built in Stuttgart, Germany. You have to pay a reduced flat rate of duty which is £50 and then 20% VAT in order to release it from UK customs."
So this seems to say I would pay only £50 import duty. Does anyone know if that is right?
thanks
"Importing a vehicle under 30 years old
Manufactured outside the EU – If you import a vehicle from outside of the European Union (EU) that was also built outside the EU you will be required to pay 10% import duty and 20% VAT in order to release it from UK customs. This is calculated on the amount you have purchased the vehicle for in the country you are importing it from.
Manufactured within the EU – If you import a vehicle from outside of the EU that was originally built in the EU for example a Porsche 911 built in Stuttgart, Germany. You have to pay a reduced flat rate of duty which is £50 and then 20% VAT in order to release it from UK customs."
So this seems to say I would pay only £50 import duty. Does anyone know if that is right?
thanks
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