Importing 1970 911S from USA - VAT/Duty?

[roygarth]

Hi All

Is there any VAT or Duty to pay on Importing a 1970 911S from USA. Value £120K.

Thanks
Piers

[rubystone]

Yes. If you convince hmrc it's historic, you'll pay 5% import duty on purchase price.. If you don't convince them it's historic, you'll have to pay 10%.

I also think there's a vat element on any work you have done on the car over there and on shipping, but can't recall all the details at the moment.

Eta if it was originally registered in Europe, you won't have to pay import duty...

[TD]

P
It's relatively straight forward, you need title and bill of sale for car, and as it is over 30 years old you pay 5% of the bill of sale.
Bill of sale could be for $50k written on back of fag packet but will still stand so its up to you.
I always use Kingstown shipping and its easier than booking a holiday, absolute piss easy.
I'm busy shipping another 5 over at mo it's great
All the best
T

[paul0843]

Yep.. As been said.. Anything over 30 years old is 5% vat on cost of car including cost
of shipping.
Their will also be additional clearing costs which will be another few hundred ponds.
Did it in June..
Very straight forward.
The company doing clearance will email you a form to fill in to qualify for 5%

[roygarth]

Thanks all...so there is 5% VAT and Zero Duty?

[shoestring7]

roygarth said:

Thanks all...so there is 5% VAT and Zero Duty?

Any good shipper can handle the paperwork for you. If you've not found one yet call Kingstown Shipping in Hull - they've imported many old 911s (including mine) without problems.

SS7

[paul0843]

I think Kingstown also did mine .
That's right.. Only 5% vat and no duty..

[hondansx]

You guys are saying it like it automatically qualifies for 5%.

You're supposed to demonstrate it has historic importance, aren't you? Does anyone know more about this process?

[hot66]

before worrying about the duty tax etc .... with an early S , make sure it is what they say it is. Also , be aware the american restos can be quite different to european / uk restos. The US sellers know what their cars are worth.

[shoestring7]

hondansx said:

You guys are saying it like it automatically qualifies for 5%.

You're supposed to demonstrate it has historic importance, aren't you? Does anyone know more about this process?

It's quite straightforward; any classic car that's survived in more or less original form to be 30 y.o. comes under the Binding Tariff Information ruling. I've yet to hear of a pre-73 911 that's been turned down.

As I suggested above, a good shipper like Kingstown can explain how the rules are being interpreted in practise by the authorities at each port of entry.

SS7

[rubystone]

hondansx said:

You guys are saying it like it automatically qualifies for 5%.

You're supposed to demonstrate it has historic importance, aren't you? Does anyone know more about this process?

I thought this was the case too..not automatically qualifying for it. But it sounds like this may not now be the case. It was certainly a deterrent to me in buying higher value classics - the difference between 5 and 10% is significant in that case.

[BertBert]

just 3 or 4 minutes of inflation surely?

[f1ten]

Anyone else had experience bringing a 911 or similar back to uk recently ? I'm thinking of a 1990 do only 26 yrs old so I guess 10% duty ?

[paul0843]

Then definitely vat of 20 % on cost of vehicle plus cost of shipping.
Not t sure if you need to pay 10%duty

[Yellow491]

Piers,its not so simple now days.unless its changed.
You apply for a binding tarriff,that you may or not get ,which will give you 5% vat and no duty to pay,if you prove the car is historicaly significant to there satisfaction.
Otherwise its 10% duty and 20% vat on everything including shipping.
As said make sure the car is sound in id and condition,and dont do as advised on a fag packet etc,not worth it.

[911gary]

I just shipped mine it was fine 78 so 5% the car has to be unmodified though IE standard factory specification.Paperwork and duty was fine its always so exiting opening the container!