brexit and importing

[tomlowry07]

Dont want to import new vehicle untill Jan 2020. SHOULD brexit happen this year, I,m convinced the world will not disintegrate immediately. Is there some sort of grace before all the nonsense kicks in?

Ta Tom

 

[Cheshirecat57]

Who knows?
If anyone tells you it's them that knows......they is liars

 

[tomlowry07]

yeah, but is there not some sort of grace period before it all takes effect, i,m sure i heard that?

 

[Cheshirecat57]

yeah, but is there not some sort of grace period before it all takes effect, i,m sure i heard that?

Heard it from someone who knows?

 

[Lenny HB]

The way it's going at the moment nothing will change, we will be out but effectively still in. Even if we were completely out there is too much inter trade with vehicles for them to risk import tariffs.

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[DBK]

If the Withdrawal Agreement is signed then there should be no change in 2020. But with a no deal then we will be treated like anyone else not in the EU. A good dealer will know how to sell to someone outside the EU. Hopefully you will be able to buy the vehicle as a tax-free export then pay VAT and any import tariffs* (12%?) on return to the UK. You might have to pay the local VAT and reclaim it though.

* From memory 12.5% is the WTO rate on vehicles although the UK can decide not to apply them but it has to do this for all countries.

 

[gus-lopez]

yeah, but is there not some sort of grace period before it all takes effect, i,m sure i heard that?

Yes in the event of a 'deal' there will be a transition period. Until end of december 2020 at the moment. No deal then as @DBK stated.

You might have to pay the local VAT and reclaim it though.

I think if no deal it would not need to be paid as being exported to a non-eu country?

 

[Cheshirecat57]

If the Withdrawal Agreement is signed then there should be no change in 2020. But with a no deal then we will be treated like anyone else not in the EU. A good dealer will know how to sell to someone outside the EU. Hopefully you will be able to buy the vehicle as a tax-free export then pay VAT and any import tariffs* (12%?) on return to the UK. You might have to pay the local VAT and reclaim it though.

* From memory 12.5% is the WTO rate on vehicles although the UK can decide not to apply them but it has to do this for all countries.

FYI
HGV ( which may be over 3500kg dependant on whom you ask) is being talked about at 22% WTO

 

[martin2603]

You must be VAT Registered to reclaim VAT back , and is for business purchases.

 

[jongood]

You must be VAT Registered to reclaim VAT back , and is for business purchases.

Not for export sales you don't.

It really does depend on our status at that time, if we are outside the EU then you can reclaim the VAt. However there probably will be some sort of tax to pay here

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[John Russell]

After a no-deal Brexit export from the EU to UK should be EU Vat free. In practice that may depend on the dealer's willingness to fill forms. On import of a vehicle to the UK it will incur UK Vat and 10% duty.

If the UK signs the Withdrawal Agreement there will be a 2-year transition period, during which things will continue much as at present, i.e. no import duty.

 

[gus-lopez]

As vat was only introduced to comply with EU directives surely it should go & revert back to purchase tax at 8% or less?

 

[John Russell]

While we're at it, income tax was introduced as a temporary measure to pay for the Napoleonic Wars, which I'm sure have been paid off by now. Time to cancel that too.

 

[tomlowry07]

Thanks all,

I may speed up the process. If the bloody dealer would answer my email.......

 

[Lenny HB]

Thanks all,

I may speed up the process. If the bloody dealer would answer my email.......

Don't be silly you are dealing with Campirama, they don't say the Drama of Campirama for no reason or as they are known in Belgium Campadrama.

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[sonny]

You have a better chance of getting the winning lottery numbers ,before the draw of course

 

[bellabee]

They're not great at answering emails. You'd probably do better to phone them. They speak good English, and will call you back.
You could also message them through their Facebook page, but I haven't tried that, so don't know how good they are at answering.

 

[pappajohn]

While we're at it, income tax was introduced as a temporary measure to pay for the Napoleonic Wars, which I'm sure have been paid off by now. Time to cancel that too.

They'd only reintroduce it to pay for all the intervening wars.

 

[John Russell]

Weren't those all on credit?