Mike D
Club Retro Rides Member
Posts: 2,197
Club RR Member Number: 57
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i'm looking at buying some parts from a us website, but need to know what taxes i'll be landing with if i do.. i guess that i'll have to pay vat on the total value of the goods, is there anything else? Thanking you all kindly Mike
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том
Posted a lot
"If in doubt, flat out!"
Posts: 2,707
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import tax that you have to pay the DHL man when he turns up, and you sometime have to pay the vat twice, works out you buy it vat inc, then you have to pay vat on the whole vated item... well confusing
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1988 V8 Rangey Bobtail :: 1968 Volvo Amazon 133 Ratrod :: 1977 Land Rover 88 :: 1985 Opel Monza GSE :: 1983 MKII Fiesta
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Mike D
Club Retro Rides Member
Posts: 2,197
Club RR Member Number: 57
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any idea of the import tax %? how can i pay vat twice? rip off government s
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SidewaysGTM
Part of things
Spending my time at the Race track, Pub or in an Engine
Posts: 227
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As far as i understand, if its car bits 5% tax on the total value inc shipping, then on top of all that 17.5 % vat on everything, and if it comes via parcel force they charge you for the pleasure of using them aswell, pos others do this, think thats right
WEST
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Live life sideways, Honda Powered GTM Coupe, you better belive it GTM Coupe VTEC Constant progression and acceleration 67' Triumph Vitesse 2ltr [finally decided what to do with it, at the planning stage] 92' Mini nearly std [SOLD and Missed] GTM ownersclub forum
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I do this a lot
3.5% on car parts, 6% on car parts which are "consumer electronics" thats your duty. You then pay 17.5% VAT on the cost of the parets, the duty and the shipping. Whoever collects the taxes (Post Office, Parcel Force, DHL, etc.) will charge you about a tenner on top for paperwork.
With USPS / Royal Mail you have about a 60% chance of not getting hit for tax because they are lazy. With all couriers like UPS/DHL you always pay the taxes.
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1941 Wolseley Not Rod - 1956 Humber Hawk - 1957 Daimler Conquest - 1966 Buick LeSabre - 1968 Plymouth Sport Fury - 1968 Ford Galaxie - 1969 Ford Country Squire - 1969 Mercury Marquis - 1970 Morris Minor - 1970 Buick Skylark - 1970 Ford Galaxie - 1971 Ford Galaxie - 1976 Continental Mark IV - 1976 Ford Capri - 1994 Ford Fiesta
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Shortcut
Posted a lot
I won't be there when you cross the road, so always use the Green Cross Code.
Posts: 3,037
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My mechanic Rob imports stuff from the US all the time as he's a drag racer. I'm sure he'd be happy to enlighten you as to how he gets round that problem as he never knowingly/willingly pays tax on anything.
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This space available to rent. Reach literally dozens of people. Cheap rates!
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no tax on used stuff AFAIK.
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There is import tax on anything that has a commercial value. Whether you write 'gift' on the declaration or its used or no money changes hands. If the goods have a commercial value above £50 (including postage) you will pay VAT and duty on the value of the goods and the shipping. The VAT is due on the total value of the cost of item+shipping+duty. As you can see it gets expensive. The easiest way of limiting your outlay is to ask your seller to write "used car parts" and declare the value very low - say $10. If you're importing something big and heavy or very valuable you will pay.
The best option for purchasing abroad is to source the item in the European Union and order with a VAT number and a Company name. As an example you could use Dagenham Conference Facilities Ltd and quote a VAT number that you source online - 2058872 for instance. The seller will knock the local VAT off the goods (between 15 and 20% depending on the country) and declare your VAT number to his taxman. No record appears in this country and you have sourced your goods with no VAT. There is no commercial border control within the EU.
Charlie
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