Hi, the VAT on used items is calculated differently from the VAT on new items, so a purchaser exporting an item from the EU who buys used goods (price usually includes VAT) from a VAT-registered business has to figure out how much VAT to deduct. Whether or not you can claim the VAT back may depend on how the seller is registered with HMC&E. I think this is so they don't have to declare information to possible competitors which might allow the competitor to calculate the seller's margin.
The VAT element is calculated on the seller's margin. So if a company buys my old widget for 100 Euros (see how up-to-date I am?) then adds their 40% markup, the VAT which he will then add to derive the selling price is calculated only on the E40-, not the E140-. The VAT rate may also be lower than normal for the particular class of goods and the particular country. Reputable dealers who habitually export widgets from the EC should know the rules and be able to tell buyers of used widgets how much the VAT element is. The horse's mouth: http://www.hmce.gov.uk/notices/718.htm --- Bob mailto:[EMAIL PROTECTED] Thursday, January 03, 2002, 6:00:27 PM, you wrote: > checking the HM customs and Excise Pages (http://www.hmce.gov.uk) I see > nothing about the item having to be "New", but it does confirm the "zero > rating" of goods to non EC countries > Regards, > /\/\ick... > -----Original Message----- > From: [EMAIL PROTECTED] > [mailto:[EMAIL PROTECTED]]On Behalf Of Kristian Walsh > Sent: Thursday, January 03, 2002 12:15 PM > To: [EMAIL PROTECTED] > Subject: VAT on imports (was: Re:FS: Soliglor CD 100/2 PK in England) > VAT can only be deducted if an item is: > 1. New > 2. Being shipped to a customer outside of the EU. > If you live in one EU member country and buy from another, your > VAT/MOMS/MWSt (or whatever it's called locally) is paid at source -- > that is, the country in which the item was sold. > If you live outside the EU and buy from an EU member, then you can ask > for the tax to be deducted. You are still liable to any import duties > applied by your own government though. > This of couse applies only to non VAT-registered private citizens. The > rules for businesses are far more complex... > Happy imports, > -- > Kristian > On Thursday, January 3, 2002, at 04:35 pm, Shel Belinkoff wrote: >> I've purchased several items from the UK, from several sources, and at >> no time did I have to pay the VAT. However, it just occurred to me that >> maybe the tax requirements are different for used items. There's a >> vague recollection of that in a dusty corner of my memory. So, you may >> be right. I've only purchased new items. >> >> Paul Pondered: >> >>> Are you sure about this? >>> Shel wrote: >>> No VAT if the lens is being shipped outside of the UK. >> >> -- >> Shel Belinkoff >> mailto:[EMAIL PROTECTED] - This message is from the Pentax-Discuss Mail List. To unsubscribe, go to http://www.pdml.net and follow the directions. Don't forget to visit the Pentax Users' Gallery at http://pug.komkon.org .
