Discussion
Chaps, when Euro dealers list prices, they often list the price with and without tax. I assume that as we are in the EU, we still have to pay the full price, not the net price? Furthermore, if we did end up paying the net price, the HMRC would ensure we paid VAT on the purchase?
Can anyone clarify this point?
TIA.
Can anyone clarify this point?
TIA.
Lightningman said:
Chaps, when Euro dealers list prices, they often list the price with and without tax. I assume that as we are in the EU, we still have to pay the full price, not the net price? Furthermore, if we did end up paying the net price, the HMRC would ensure we paid VAT on the purchase?
Can anyone clarify this point?
TIA.
Yup & Yup. Tax will be added at purchase time if within the EU (and this varies). No import tax though.Can anyone clarify this point?
TIA.
Wozy68 said:
Lightningman said:
Chaps, when Euro dealers list prices, they often list the price with and without tax. I assume that as we are in the EU, we still have to pay the full price, not the net price? Furthermore, if we did end up paying the net price, the HMRC would ensure we paid VAT on the purchase?
Can anyone clarify this point?
TIA.
Yup & Yup. Tax will be added at purchase time if within the EU (and this varies). No import tax though.Can anyone clarify this point?
TIA.
I expected as much.
Thanks for clarifying
uktrailmonster said:
Yeah, wouldn't it be great if we could buy them VAT free from Europe 
It would be; although as we all know HMRC get their pound of flesh (and more!)What surprises me a little is that as the VAT rates are different from country to country they haven't tried to equalise it when you do cross border purchases. For instance, German vehicle tax is 19% (if I am not mistaken) and therefore, HMRC would ding you with an extra 1% on import.
If you import a car from the EU, the foreign dealer will charge at 0% VAT and you'll pay HRMC the UK VAT when they receive your import declaration (which you need to send so that they return a confirmation that UK VAT has been paid in order to register it here).
The exception is Germany, where you need to pay German VAT up front (frustratingly), then pay UK VAT and then claim a refund of German VAT with the dealer when you can prove UK VAT has been paid.
The exception is Germany, where you need to pay German VAT up front (frustratingly), then pay UK VAT and then claim a refund of German VAT with the dealer when you can prove UK VAT has been paid.
As I understand it a UK vat registered business wouldnt need to pay vat on an
import from the EU as long as its for a legitimate purchase for business use but they then charge vat if re-sold in UK. Same works if we sell something to a vat registered EU business for legitimate purposes.
Grant
Edit to add a non vat registered business or individual has to pay it.
import from the EU as long as its for a legitimate purchase for business use but they then charge vat if re-sold in UK. Same works if we sell something to a vat registered EU business for legitimate purposes.
Grant
Edit to add a non vat registered business or individual has to pay it.
Edited by hartech on Wednesday 25th July 18:58
As I understand it a UK vat registered business wouldnt need to pay vat on an
import from the EU as long as its for a legitimate purchase for business use but they then charge vat if re-sold in UK. Same works if we sell something to a vat registered EU business for legitimate purposes.
Grant
import from the EU as long as its for a legitimate purchase for business use but they then charge vat if re-sold in UK. Same works if we sell something to a vat registered EU business for legitimate purposes.
Grant
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