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Post by vent on Mar 22, 2013 0:14:29 GMT
Does anyone know if VAT or import tax has to be paid on an old instrument purchased and imported from an EU country, either freighted or collected and brought back through customs?
Cheers
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Post by Keith Ambridge on Mar 22, 2013 6:54:50 GMT
Imported to where?
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Post by vent on Mar 22, 2013 7:55:49 GMT
Apols, a bit Anglocentric - the UK.
Cheers
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Post by Keith Ambridge on Mar 22, 2013 11:24:36 GMT
No VAT or import tax within the EU.
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Post by Keith Ambridge on Mar 22, 2013 11:37:08 GMT
actually I'm not strictly right there!
If you buy privately you won't pay VAT.
If you buy from a VAT registered dealer you will pay VAT to them, this can be got back from customs (at their end) but then you will have to pay it again bringing it into the UK.
It's simpler just to show the receipt and show that you paid VAT at source.
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Post by Stevie on Mar 22, 2013 13:22:18 GMT
AFAIK, VAT should only be payable on the profit element of a transaction when considering second hand gear of any age. As much as anything, this ought to be dependent upon a declaration of profit from the seller. Therfore this amount is difficult to ascertain at the time that VAT is charged / paid. I paid no VAT at all when I imported a second user Heritage guitar from the States, but I did have to pay Customs and Excise the import duty of give or take 5%. Perhaps someone has an alternative experience or can say with authority otherwise?  |
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