Pending your VAT status you may be able to recover the VAT Import Costs. I have 3D Printing business that is VAT registered and I have successfully claimed Import VAT on kits that we purchase in the USA.
On Mon, Jan 20, 2014 at 2:04 PM, Paul Thornton <p...@prt.org> wrote: > On 20/01/2014 13:52, Emma Frost wrote: > >> Well the bill for the VAT is £20,820. I believe the retail value of the >> equipment was given as approx $170k. Is there some kind of limit for how >> much a donation can be worth? >> > > Unfortunately the donation aspect is irrelevant to HMRC. > > You've imported $170k worth of kit into the UK (is it *really* worth that > much - I mean, could you sell it on Ebay for that amount today?) - and > therefore 20% of that will be charged as VAT, so approx £20k. > > If it isn't really worth $170k then I have no idea how you revalue > something mid-flow for customs purposes, or if that's even an option. > > Paul. > >
