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Excise duty for vehicle imports announced
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<blockquote data-quote="tharakaf" data-source="post: 30466020" data-attributes="member: 576197"><p><span style="font-size: 22px">Not sure machan, I was under the impression that you need to pay it only if your business revenue exceeds a certain value per year. So car sale guys will definitely have to pay it, But if you do a personal import then I feel like it will be exempt.</span></p><p><span style="font-size: 22px"></span></p><p><span style="font-size: 22px">I recently had a chat with Stafford Motors, They used to sell used vehicles (that is how I bought my one) but now they only let people just show case the vehicle and then charge a commission after the sale. Reason is because if Stafford sells it they need to pay VAT i.e. the customer has to pay it, But if it is just a normal owner to owner sale then no VAT. </span></p></blockquote><p></p>
[QUOTE="tharakaf, post: 30466020, member: 576197"] [SIZE=6]Not sure machan, I was under the impression that you need to pay it only if your business revenue exceeds a certain value per year. So car sale guys will definitely have to pay it, But if you do a personal import then I feel like it will be exempt. I recently had a chat with Stafford Motors, They used to sell used vehicles (that is how I bought my one) but now they only let people just show case the vehicle and then charge a commission after the sale. Reason is because if Stafford sells it they need to pay VAT i.e. the customer has to pay it, But if it is just a normal owner to owner sale then no VAT. [/SIZE] [/QUOTE]
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