Anyone ever imported from the US?
Discussion
http://www.europeancollectibles.com/inventory_deta...
I'm not saying this car is cheap but I rather like it
I'm not saying this car is cheap but I rather like it
graemel said:
Get someone over their to independantly inspect it thoroughly.
You will pay 20% vat on the purchase price and 20% vat on your shipping cost to our HM Revenue and Customs
Not strictly true. Classic car status can reduce cost to 0% Duty and 5% VatYou will pay 20% vat on the purchase price and 20% vat on your shipping cost to our HM Revenue and Customs
http://carshipping.locum-services.com/classic-car-...
graemel said:
Get someone over their to independantly inspect it thoroughly.
You will pay 20% vat on the purchase price and 20% vat on your shipping cost to our HM Revenue and Customs
Actually, 10% duty is added to both first, then VAT @ 20%, so $10,000 (say $9,000 car + $1,000 shipping) becomes $13,200 with both taxes added.You will pay 20% vat on the purchase price and 20% vat on your shipping cost to our HM Revenue and Customs
It used to be possible to get Returned Goods Relief on the import duty (the 10%) for items originally manufactured in the EU but I believe this now only applies for items up to 3 years old.
I don't know the qualification criteria for getting the duty waived/reduced, except that about 2 or 3 years ago a friend brought in a historic Lola race car and tried to have the import duty waived on the grounds that it was historically significant by virtue of its racing provenance in the UK but it didn't work.
for pre-74 , if it's non modified the 20% rates don't apply
Bridey ... trying not to sounding like a broken record
but there is loads on this subject over on DDk 
eg http://www.ddk-online.com/phpBB2/viewtopic.php?f=1...
Bridey ... trying not to sounding like a broken record
but there is loads on this subject over on DDk 
eg http://www.ddk-online.com/phpBB2/viewtopic.php?f=1...
Edited by hot66 on Monday 11th March 15:07
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