can someone confirm my thoughts?
So Lee, or somebody else,
I have done some research and this is what I think I have discovered. Can someone confirm if this is right or not.
Basically if I bought the bike over 6 months ago abroad, and if I intend not to sell it (which I do not) then I understand that this intitles you to enter the UK without havving to pay VAT, and maybe even the import duty of 6%.
However below is the extract I get this from, and I dont seem to qualify for parts 1 and 2, even though I cant see what difference it would make, having said that the extract is not totally relivant to me as I am not trying to move to the UK, I live there anyway!
If someone can confirm this or correct me I would be very grateful.
5.1 Can I get relief from duty and tax on transfer of residence?
Yes. You can bring in your belongings or vehicle free of duty and tax so long as you:
Belongings include clothing, furniture, portable tools of trade, pets and other household and personal effects, but not alcoholic drinks or tobacco products: you will not get relief on those unless they travel in with you and qualify for the duty-free allowances - see paragraph 2.1.
We will normally waive the second and third conditions if you could not meet them due to circumstances beyond your control. Explain the position to our officer when you declare your belongings or vehicle.
Generally speaking, "possession" means "to have" rather than "to own", but there are particular restrictions in relation to company vehicles imported by travelling sales representatives. Our National Advice Service can give you full details.
See paragraph 5.5 if any of your belongings or vehicle were previously taken out of the EC.
Other goods and vehicles imported for commercial purposes will not qualify for this particular relief. However, if you are also transferring your business to the UK, you may be able to claim the alternative relief on imported capital goods. See our Notice 343 Importing capital goods free of duty and VAT.
- are moving your normal home to the EC
- have had your normal home outside the EC for a continuous period of at least 12 months
- have possessed and used them for at least 6 months outside the EC before they are imported
- did not get them under a duty/tax free scheme (but see paragraph 5.2)
- declare them to us as explained in paragraph 3.2
- will keep them for your personal use and
- do not sell, lend, hire out or otherwise dispose of them in the EC within 12 months of importation, unless you notify us first and pay duty and VAT on disposal. Our National Advice Service can tell you how to do this.
Last edited by S-Mendus; 3 Jan 2008 at 18:58.