Hey guys is there any way of reducing the import costs like duty and vat? i mean like registering as a buissines or anything lol.. cus u pay like 29% on whatever u buy, bit of a rip off lol..any help or info would be great :}}
There is no way of reduction. Of course, if you are buying for business use then VAT reclaim is an option.
hth
how does that work bud?
the only way i\'ve heard of is paying half from a different account and reciving two bills and only declare one so you only pay duty and tax on half the original cost , but if H.M customs or the tax man are reading this , no there is no way round it and i don\'t know a thing.
hmm no what yer saying lol.. was hoping for a legal way :P
I know a guy that says he would if i wanted but i dont, is to make the receipt for the car alot less than what it cost, so when u declare it your not paying the 27% on the full price..
O well just need to pay the full amount.. ok guys chears for the info.. lol
Quote from: interloper393how does that work bud?
Basically, when you get the C&E form, you can apply for the VAT paid on your next VAT reclaim. Of course, this needs to be paid back when the car is sold. You need to be a VAT regd company to do this.
Short circuit, what you are saying is being plain naughty. :spank