UK Import charges
Moderators: John Dean, Moderator
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- Posts: 19
- Joined: Mon Aug 12, 2013 10:13 pm
UK Import charges
Greeting all...
Wondering what the situation is with importing components into the UK in terms of VAT and import duties?
Specifically something like an aero engine? It is an old vintage engine if that makes any difference.
Metal fittings i.e. not a standard flat sheet?
Wood - either to be worked or already cut and shaped
My thanks
Craig
Wondering what the situation is with importing components into the UK in terms of VAT and import duties?
Specifically something like an aero engine? It is an old vintage engine if that makes any difference.
Metal fittings i.e. not a standard flat sheet?
Wood - either to be worked or already cut and shaped
My thanks
Craig
Craig Hopkins
040461
040461
Re: UK Import charges
Craig,
I think you always have to pay VAT but aircraft parts are usually exempt from Import duty.
I got this from HMRC about 7 years ago so things may have changed:
"To import to simplified end use, you do not require prior authorisation. Declaring goods to CPC 40 00 028 at import is your authorisation.
You are not required to hold an EORI to make imports to CPC 40 00 028, however if you are going to be a frequent importer/exporter of goods, I would advise that you apply for an EORI.
For the aircraft parts to qualify for VAT zero-rating they must fulfil the criterion for zero-rating qualification as laid out in paragraph 3.3 of Public Notice 744C (attached).
If the parts do not qualify for zero-rating, you must pay the import VAT on the simplified end use import entry to CPC 40 00 028"
I have some HMRC phone numbers if you want to check the current rules.
Tony
I think you always have to pay VAT but aircraft parts are usually exempt from Import duty.
I got this from HMRC about 7 years ago so things may have changed:
"To import to simplified end use, you do not require prior authorisation. Declaring goods to CPC 40 00 028 at import is your authorisation.
You are not required to hold an EORI to make imports to CPC 40 00 028, however if you are going to be a frequent importer/exporter of goods, I would advise that you apply for an EORI.
For the aircraft parts to qualify for VAT zero-rating they must fulfil the criterion for zero-rating qualification as laid out in paragraph 3.3 of Public Notice 744C (attached).
If the parts do not qualify for zero-rating, you must pay the import VAT on the simplified end use import entry to CPC 40 00 028"
I have some HMRC phone numbers if you want to check the current rules.
Tony
Tony Nowak
008249
008249
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- Posts: 19
- Joined: Mon Aug 12, 2013 10:13 pm
Re: UK Import charges
Thanks good news... thanks Tony....
If you have some numbers I'll happily take those off you..
My thanks again
Craig
If you have some numbers I'll happily take those off you..
My thanks again
Craig
Craig Hopkins
040461
040461
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- Posts: 3
- Joined: Mon May 05, 2014 11:58 am
Re: UK Import charges
Hi Craig,
Vintage aircraft and projects are charged VAT at 5% on import. You need to make this really clear to your import agent in case they have not done this before. The other new materials would be 20%. You will need a Bill of Sale signed by the seller to present on importation.
Regards
Kevin
Vintage aircraft and projects are charged VAT at 5% on import. You need to make this really clear to your import agent in case they have not done this before. The other new materials would be 20%. You will need a Bill of Sale signed by the seller to present on importation.
Regards
Kevin