Holts and VAT on European Imports

[Heym SR20]

Looking at the Holts Catalogue a number of nice over and under double rifles.

However these have been imported from Europe, but UK buyers will be charged the full 20% of the hammer price.

In the past you didn’t have to pay VAT on 2nd hand items that originated anywhere in Europe. Sales tax / VAT is / was charged on new items. You only paid VAT on the Auctioneers service / commission.

Heyho yet another benefit of the so called oven ready friction free trade we were all promised.

But I suppose the government has to in some ways raise enough tax so that it can bail out Thames Water that is billions of pounds in debt and about to go bankrupt. Those debts run up on cheap money allowing it pay out massive dividends to shareholders which in are sovereign wealth funds from the Middle east and China.

So in effect we as tax payers are being asked to fund another countries wealth. And in the meantime our largest water company has not the money to update its infrastructure so raw sewerage is just going down our biggest rivers.

 

[jall55]

Looking at the Holts Catalogue a number of nice over and under double rifles.

However these have been imported from Europe, but UK buyers will be charged the full 20% of the hammer price.

In the past you didn’t have to pay VAT on 2nd hand items that originated anywhere in Europe. Sales tax / VAT is / was charged on new items. You only paid VAT on the Auctioneers service / commission.

Heyho yet another benefit of the so called oven ready friction free trade we were all promised.

But I suppose the government has to in some ways raise enough tax so that it can bail out Thames Water that is billions of pounds in debt and about to go bankrupt. Those debts run up on cheap money allowing it pay out massive dividends to shareholders which in are sovereign wealth funds from the Middle east and China.

So in effect we as tax payers are being asked to fund another countries wealth. And in the meantime our largest water company has not the money to update its infrastructure so raw sewerage is just going down our biggest rivers.

Ask them to clarify
When i was at the auctions we always advertised as charging VAT whilst waiting for vendor clarification
On the odd time when it was wrong it is always far easier to refund the buyer the VAT than ask the buyer for the VAT at a later date.

 

[Klenchblaize]

I guess the only way around this (20% VAT) is to hope all Bidders factor this when setting their maximum bid.

As for TW you couldn’t make it up.
K

 

[jall55]

I guess the only way around this (20% VAT) is to hope all Bidders factor this when setting their maximum bid.

As for TW you couldn’t make it up.
K

Would make it very hard for a private man really though as a trader / business simply claims the VAT back

 

[Dunwaters]

Looking at the Holts Catalogue a number of nice over and under double rifles.

However these have been imported from Europe, but UK buyers will be charged the full 20% of the hammer price.

In the past you didn’t have to pay VAT on 2nd hand items that originated anywhere in Europe. Sales tax / VAT is / was charged on new items. You only paid VAT on the Auctioneers service / commission.

Heyho yet another benefit of the so called oven ready friction free trade we were all promised.

But I suppose the government has to in some ways raise enough tax so that it can bail out Thames Water that is billions of pounds in debt and about to go bankrupt. Those debts run up on cheap money allowing it pay out massive dividends to shareholders which in are sovereign wealth funds from the Middle east and China.

So in effect we as tax payers are being asked to fund another countries wealth. And in the meantime our largest water company has not the money to update its infrastructure so raw sewerage is just going down our biggest rivers.

Source whatever you want in Europe and import to NI.

 

[VSS]

New rifles, or 2nd hand?
iirc, there is no VAT on 2nd hand firearms.

 

[Heym SR20]

New rifles, or 2nd hand?
iirc, there is no VAT on 2nd hand firearms.

Nope these are 2nd Hand rifles. The way I believe it now works is that for 2nd hand items imported into the UK VAT has to be paid on the full current value of the item.

What is the current value? If there has been a recent transaction, ie you have purchased those goods, or a recent purchase price paid. Or if there has been an equivalent transaction of similar goods.

It doesn’t seem to matter any longer whether or not VAT had originally been paid in say Germany, France or elsewhere in the EU, if you are bringing things into the UK you pay VAT at 20% of its current value.

 

[webley701]

Looking at the Holts Catalogue a number of nice over and under double rifles.

However these have been imported from Europe, but UK buyers will be charged the full 20% of the hammer price.

In the past you didn’t have to pay VAT on 2nd hand items that originated anywhere in Europe. Sales tax / VAT is / was charged on new items. You only paid VAT on the Auctioneers service / commission.

Heyho yet another benefit of the so called oven ready friction free trade we were all promised.

But I suppose the government has to in some ways raise enough tax so that it can bail out Thames Water that is billions of pounds in debt and about to go bankrupt. Those debts run up on cheap money allowing it pay out massive dividends to shareholders which in are sovereign wealth funds from the Middle east and China.

So in effect we as tax payers are being asked to fund another countries wealth. And in the meantime our largest water company has not the money to update its infrastructure so raw sewerage is just going down our biggest rivers.

Fully agree with the remarks about Thames Water.

As regards VAT on the hammer price of lots originating from outside of the U.K - it’s been applied for years on lots originating outside of the U.K./EU. To refresh my memory I pulled out a 2007 Holts catalogue which has the full rate of VAT (17.5% at the time) applied to the hammer price of several imported lots & 5% on the hammer price applied to a few more (plus the normal commission + VAT on commission which applies to any lot). Of course when the U.K. finally left the EU customs union auction lots from the EU fell into the ‘VATable’ ‘import’ category.

 

[Mr. Gain]

Heyho yet another benefit of the so called oven ready friction free trade we were all promised.

I guess too many people opted to ignore the character of the corrupt shysters making the promises!

 

[webley701]

I guess too many people opted to ignore the character of the corrupt shysters making the promises!

On both sides of the debate.

 

[markj1]

Source whatever you want in Europe and import to NI.

As far as I know VAT applies also to imports from NI to GB? I.e. I don't see how importing goods from EU to NI will help with the VAT, if the goods are to end up in GB.

 

[markj1]

...Heyho yet another benefit of the so called oven ready friction free trade we were all promised...

Yes, a lot of thing were 'promised' in the run up to the Brexit referendum (by both sides), the majority of which were wishful thinking at best or pure fantasy if we're being honest.

 

[Dunwaters]

As far as I know VAT applies also to imports from NI to GB? I.e. I don't see how importing goods from EU to NI will help with the VAT, if the goods are to end up in GB.

it shouldn’t, NI is part of the UK but has special status with the EU .
It might be worth a punt, previously I was able to have stuff delivered to NI, drive up and collect it with no one the wiser.

 

[markj1]

it shouldn’t, NI is part of the UK but has special status with the EU .
It might be worth a punt, previously I was able to have stuff delivered to NI, drive up and collect it with no one the wiser.

I know that at work when we ship good to and from NI we have to charge/pay VAT.

 

[Mr. Gain]

On both sides of the debate.

No bothsidesism please. Show me the leaver Boris, or Farage, or Gove or Mogg. Show me where anyone in favour of remaining in the EU told a lie about the benefits or risks, or has been utterly discredited.

 

[Heym SR20]

No bothsidesism please. Show me the leaver Boris, or Farage, or Gove or Mogg. Show me where anyone in favour of remaining in the EU told a lie about the benefits or risks, or has been utterly discredited.

I love the way that one side of this argument is constantly trying to defend the indefensible.

It only seems that only a few in the Tory Party and the Leader of opposition are still in favour.

 

[webley701]

No bothsidesism please. Show me the leaver Boris, or Farage, or Gove or Mogg. Show me where anyone in favour of remaining in the EU told a lie about the benefits or risks, or has been utterly discredited.

As far as “corrupt shysters” concerned I can see little difference between Westminster & Brussels.

 

[Dunwaters]

I know that at work when we ship good to and from NI we have to charge/pay VAT.

Hmmm, I’ve had stuff from the UK delivered to NI and popped up to collect it with no problem.
Saved me quite a bit.

 

[Mr. Gain]

As far as “corrupt shysters” concerned I can see little difference between Westminster & Brussels.

Name your Brussels shysters, please, and tell us what lies they've told. "Seeing little difference' is a slippery phrase when only half the cads are on the table.

 

[Claret_Dabbler]

I know that at work when we ship good to and from NI we have to charge/pay VAT.

Of course you do. It’s a standard uk transaction.