Title: Tax
Post by: Matt on February 19, 2004, 02:17:55 PM
Post by: Matt on February 19, 2004, 02:17:55 PM
How much tax do you pay on a car if you imported it form japan direct frmo the auction. ie if a car was 20k on the auction what would it work out with all the other costs for it to be fully landed in the uk with the sva done.
Many thanks
Many thanks
Title: Tax
Post by: J4P RX on February 19, 2004, 02:29:20 PM
Post by: J4P RX on February 19, 2004, 02:29:20 PM
20k. To simplify well assume thats on the boat and Jap derestriction and transport to docks is taken care of.
Then you have £500 shipping
20,500
Then 10% import duty
22550
Then 17.5% VAT
26500
Then UK customer clearance, not sure on price of this.
MOT £35
SVA? not too cheap, well say 150
Any SVA or MOT work will need to be done too.
Then vehicle registration £150
Plus whatever fee your agents are charging too.
So a 20k car in Japan will be about 27-28k on the road here.
Cheers
Lee
Then you have £500 shipping
20,500
Then 10% import duty
22550
Then 17.5% VAT
26500
Then UK customer clearance, not sure on price of this.
MOT £35
SVA? not too cheap, well say 150
Any SVA or MOT work will need to be done too.
Then vehicle registration £150
Plus whatever fee your agents are charging too.
So a 20k car in Japan will be about 27-28k on the road here.
Cheers
Lee
Title: Tax
Post by: Matt on February 19, 2004, 02:35:18 PM
Post by: Matt on February 19, 2004, 02:35:18 PM
cool, thats helpful cheers mate
Title: Tax
Post by: 20B_boy on February 19, 2004, 02:40:37 PM
Post by: 20B_boy on February 19, 2004, 02:40:37 PM
If it cost £20K GBP at auction i.e. 3,800,000 Yen, then roughly:
Cost 3,800,000
Auction fee/FOB fees 80,000
Shipping 100,000
Insurance 40,000
total 4,020,000 yen, say 190 yen to the GBP£ = £21,130
On entry to UK; import duty at 10% i.e. £21,130 x 1.1 = £23,243
Then VAT on the lot i.e. £23,243 x 1.175 = £27,311
Plus a few quid for customs clearance etc.
Add: SVA test, £150 I think, plus prep work and 6 months tax.
Soon adds up!
Cost 3,800,000
Auction fee/FOB fees 80,000
Shipping 100,000
Insurance 40,000
total 4,020,000 yen, say 190 yen to the GBP£ = £21,130
On entry to UK; import duty at 10% i.e. £21,130 x 1.1 = £23,243
Then VAT on the lot i.e. £23,243 x 1.175 = £27,311
Plus a few quid for customs clearance etc.
Add: SVA test, £150 I think, plus prep work and 6 months tax.
Soon adds up!
Title: Tax
Post by: Matt on February 19, 2004, 02:49:43 PM
Post by: Matt on February 19, 2004, 02:49:43 PM
cheers mate, soi ts gonna be around 7-8k extra from the auction price
Title: Tax
Post by: J4P RX on February 19, 2004, 03:22:50 PM
Post by: J4P RX on February 19, 2004, 03:22:50 PM
In that sort of price range, something gives me the idea your thinking of getting an R34 GTR...
Am I right?
Lee
Am I right?
Lee
Title: Tax
Post by: Matt on February 19, 2004, 03:26:35 PM
Post by: Matt on February 19, 2004, 03:26:35 PM
lol
Title: Tax
Post by: Matt on February 19, 2004, 03:34:22 PM
Post by: Matt on February 19, 2004, 03:34:22 PM
well im only thinking, maybe for my next car, or just to sell and try and make a bit od profit
Title: Tax
Post by: scooby_si on February 19, 2004, 06:15:09 PM
Post by: scooby_si on February 19, 2004, 06:15:09 PM
isn\'t VAT charged ontop of everything ie SVA & well everything?
Either way bend over tax man wants a piece o ass
lol
Si
Either way bend over tax man wants a piece o ass
lolSi
Title: Tax
Post by: J4P RX on February 19, 2004, 06:20:02 PM
Post by: J4P RX on February 19, 2004, 06:20:02 PM
No, the VAT is only on top of everthing its cost to get it into the country.
Cheers
Lee
Cheers
Lee