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Author Topic: Post Brexit classic car import tax  (Read 696 times)
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Parisien
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« on: 02 December, 2020, 08:19:37 PM »

A snippet in S Times stating a possible 30% hike in cost of  importing a classic car from the EU, made up of 20%VAT and 10% duty.

Likelihood of this being case, if so a very worrying development for enthusiasts!

P
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Frank Gallagher
peteracs
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« Reply #1 on: 02 December, 2020, 11:11:37 PM »

I am guessing it may the same/similar going the other way?

Peter
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Beta Spyder S2 pre F/L 1600
Saab 9-3 1.9Tid Cabrio
mikeC
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« Reply #2 on: 03 December, 2020, 10:43:27 AM »

I don't see why importing from the EU should be any different to importing from the USA, for example. If it qualifies as a classic, then there is no duty, and VAT is 5%.
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1953 Lancia Appia Series 1
1931 Austin Seven deluxe saloon
1914 Saxon Model A roadster


(previously owned Lancias: 1958 Appia Pininfarina coupe, 1987 Delta LX, 1986 Delta cabriolet, 1991 Dedra 1.8, 1993 Dedra 1.6)
Mikenoangelo
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« Reply #3 on: 03 December, 2020, 04:48:20 PM »

I'm sure you are correct Mike. The 5% VAT on imports from outside the EU applied in 1992 when I bought a car in bits from the US. I declared the bodywork which came separately as being new which it was, and paid VAT on that. A historic car is by definition a second hand used car on which no VAT is payable when bought within the UK, the presumption being that VAT has been paid once and the cost swallowed by the first owner. Clearly the treasury will do what it wants but it would be a significant change from current policy.

Mike
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