Import cost?

[interloper393]

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 :}}

[Freddy]

There is no way of reduction. Of course, if you are buying for business use then VAT reclaim is an option.

hth

[interloper393]

how does that work bud?

[shortcircuit]

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.

[interloper393]

hmm no what yer saying lol.. was hoping for a legal way
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

[Freddy]

how 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