RS 4.0 - ITALY

[Phooey]

http://www.carandclassic.co.uk/car/C265908

£139k LHD

[ajh38]

And what a great drive back it would be!

[dazren]

Wouldn't "netto export" be a tax free price? ie a UK buyer would have to pay £140k for the car in Italy, get it back to the UK and then pay £28k Vat?

[keep it lit]

ajh38 said:

And what a great drive back it would be!

indeed via Slovenia for the craic!

[Diesel130]

Don't understand why that is so cheap as there was a chap on here a week or two ago, saying they were turning down offers for £240K from a far-eastern buyer... something doesn't add up, or maybe i dreamt that!

[Phooey]

If you google the tel number in the add the dealer also has a low-mileage 458 for 157k euro, and a 599 GTO for less than 300. I don't think it's genuine somehow

[DS240]

Would you not have to pay VAT prior to being able to register the car in UK?

[SFO]

DS240 said:

Would you not have to pay VAT prior to being able to register the car in UK?

VAT is levied at the point of sale. Generally speaking, goods bought by 1 consumer in one EU country can be exported by that consumer to any other EU country without any tax whatsoever.

Cars follow the same rule except that it is possible (in some EU countries) not to pay the VAT but that also means that the car cannot be registered for use in the original country of sale. The EU country in which the car is first registered for use is the country where VAT (at that country's rate) is payable.

Therefore, if the 4.0 is an Italian registered car, Italian VAT would have had to be paid on it already. That being the case, it can be sold to any other EU country free of VAT.

[sleep envy]

agree with SFO

however, if the if this RS has italian 'EE' plates it means it's been registered for export which means the IVA (italian VAT) won't have been paid


since the plates have been blanked out it's difficult to say

[APOLO1]

SFO,

Respectfully,

If the car has been supplied as a VAT qualifying vehicle, then the appropriate Vat in all probability has been recovered.

If the seller sells the car out side that of his home land, he will be able to retain this VAT. If it to be sold within the EU, then VAT will have to be paid in the member state to were the car is to be registered.

[SFO]

APOLO1 said:

SFO,

Respectfully,

If the car has been supplied as a VAT qualifying vehicle, then the appropriate Vat in all probability has been recovered.

If the seller sells the car out side that of his home land, he will be able to retain this VAT. If it to be sold within the EU, then VAT will have to be paid in the member state to were the car is to be registered.

I was talking about the position with regard to a consumer (i.e. private individual).

No idea how it works cross border re:VAT qualifying cars (my understanding is that these are cars sold to businesses/companies/entities which are VAT registered).