How Much Tax am I paying ?
Discussion
Spent 10 minutes looking around the web for something that would list the import duty prices of cars based on which country they are made. And found nothing !
Just starting the task was pretty depressing though. A common figure is 10% on top of which 20% vat is added. No wonder new cars cost so much.
Are our Japanese cars costing 10% more than Germans ones? What about S Korea and dare I even mention the C word (I'm thinking of you BYD).
Just starting the task was pretty depressing though. A common figure is 10% on top of which 20% vat is added. No wonder new cars cost so much.
Are our Japanese cars costing 10% more than Germans ones? What about S Korea and dare I even mention the C word (I'm thinking of you BYD).
We have a trade deal with Japan, so their cars are at 5% import tax.
https://andrewsjapanesecars.com/japanese-car-impor...
There's a similar deal with S Korea, unsure if it's also 5% though.
China should be 10% like most places without a specific deal.
VAT applies to everything regardless of where it's made.
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