Question:
Hi, Am I right in thinking that if I buy something on ebay from the USA (im in the UK) in a broken state and repair it then I dont have to pay import tax and VAT if I promise to sell it outside the EU? Does anyone know where I can find more information? Do I need a special license? Andy
Response:
Hi, Am I right in thinking that if I buy something on ebay from the USA (im in the UK) in a broken state and repair it then I dont have to pay import tax and VAT if I promise to sell it outside the EU? Does anyone know where I can find more information? Do I need a special license? Andy
Lol, you have to pay vat on everything broken or not, exporting or not see www.hmce.gov.uk basically the rules are this, if you are involved in a commercial transaction and the goods ar VATable, then they will get you. I import and export from all over the wrold, so i pay the vat on import, and if i export to outside the UK I claim the VAT back. DONT make the same mistake that lots of other ebayers make and piss off HM customs. They are the most powerful law enforcement agancy in this country, and the only ones who can enter your home and or sieze your goods, without a warrant or court order of any kind
Response:
– Hide quoted text — Show quoted text – Hi, Am I right in thinking that if I buy something on ebay from the USA (im in the UK) in a broken state and repair it then I dont have to pay import tax and VAT if I promise to sell it outside the EU? Does anyone know where I can find more information? Do I need a special license? Andy Lol, you have to pay vat on everything broken or not, exporting or not see www.hmce.gov.uk basically the rules are this, if you are involved in a commercial transaction and the goods ar VATable, then they will get you. I import and export from all over the wrold, so i pay the vat on import, and if i export to outside the UK I claim the VAT back. DONT make the same mistake that lots of other ebayers make and piss off HM customs. They are the most powerful law enforcement agancy in this country, and the only ones who can enter your home and or sieze your goods, without a warrant or court order of any kind
Thanks for that site, I tried to find it myself but got lost. I had a good look through it and found what I was looking for! http://www.hmce.gov.uk/business/importing/faqs.htm#Q%20Do%20I%20have%… account%20for%20any%20import%20duty%20or%20VAT%20if%20I%20import%20a%20prod u ct%20from%20outside%20the%20EC%20for%20repair%20or%20modification%20and%20r e %20export%20it? Q Do I have to account for any import duty or VAT if I import a product from outside the EC for repair or modification and re export it? A Ordinarily no, you can use Inward Processing Relief, however you would need to confirm which method of duty relief is appropriate Andy
If you like this post and would like to receive updates from this blog, please subscribe our feed.