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-   -   VAT on import (https://www.biker.ie/forum/showthread.php?t=247956)

Dominus Obsequious Sororium 13th March 2019 01:13 PM

VAT on import
 
Can anyone advise on what to do about VAT on an import..

I have located a bike in the UK, 2008, but with only 1500 miles on it...

VRT about Ä130, but if I have to pay VAT, that's gonna be 4-figures!

Apart from trying to rack up 2000 miles in less than a month...what are the options?

Finn 13th March 2019 01:47 PM

Re: VAT on import
 
No easy solution:

1. Different set of clocks for the purpose of VRT and then swop back! You'll just have to explain to any future buyer why the mileage doesn't add up.

2. Drive it until the mileage is up to where it needs to be, if your insurance Co. will allow you cover it for more than 30days on a UK reg, Previous owner could get fines/tolls though, if you weren't careful.

None are ideal and come with there own problems!
Other than that don't think you have much option.

renniks 13th March 2019 02:20 PM

Re: VAT on import
 
Look for a bike with more mileage on it?

Dominus Obsequious Sororium 13th March 2019 02:21 PM

Re: VAT on import
 
I thought of those...how would a future buyer know the mileage at import?
Of course, this is tax fraud too...:woots:


The thought of racking up 2000 miles in a month isn't appealing, and you have to VRT inside 30 days...


[quote=Finn;3566841]No easy solution:

1. Different set of clocks for the purpose of VRT and then swop back! You'll just have to explain to any future buyer why the mileage doesn't add up.

2. Drive it until the mileage is up to where it needs to be, if your insurance Co. will allow you cover it for more than 30days on a UK reg, Previous owner could get fines/tolls though, if you weren't careful.

None are ideal and come with there own problems!
Other than that don't think you have much option.[/quote]

Dominus Obsequious Sororium 13th March 2019 02:23 PM

Re: VAT on import
 
On it!

Amazing how many 10 year olds there are with sub-5k on them...

[quote=renniks;3566847]Look for a bike with more mileage on it?[/quote]

GoTilUBlow 13th March 2019 02:52 PM

Re: VAT on import
 
Find a different bike or pay the VAT, not worth the hassle.

batman_oh 13th March 2019 02:56 PM

Re: VAT on import
 
[quote=discoblade;3566849]On it!

Amazing how many 10 year olds there are with sub-5k on them...[/quote]

Thereís nothing they love more in the UK than buying expensive bikes, adding expensive extras and not using them!

Dominus Obsequious Sororium 13th March 2019 03:23 PM

Re: VAT on import
 
On that subject...I may have to chat with you about the SDR...

A 2017 with all the toys went on eBay last week for £9500...


[quote=batman_oh;3566852]Thereís nothing they love more in the UK than buying expensive bikes, adding expensive extras and not using them![/quote]

renniks 13th March 2019 03:34 PM

Re: VAT on import
 
[quote=batman_oh;3566852]Thereís nothing they love more in the UK than buying expensive bikes, adding expensive extras and not using them![/quote]

I think it's what they do - get a new model when it comes out, throw a few grand in farkles at it, show it off at a run or two, then sell it on to buy the latest model that's in fashion & repeat the process

moose loose aboot the hoose 13th March 2019 04:08 PM

Re: VAT on import
 
Buy bike Do a trip around England/Scotland then head across to Larne and back the long way home

kad 13th March 2019 04:36 PM

Re: VAT on import
 
[quote=moose loose aboot the hoose;3566864]Buy bike Do a trip around England/Scotland then head across to Larne and back the long way home[/quote]

Exactly and ins will cover a bike for more than a month.ild two cages for nearly 12mths on english plates.you dont have to go rushing in the door when you get home with it..if its a good bike/deal dont let the miles put you off just got to get creative

seano 13th March 2019 06:07 PM

Re: VAT on import
 
I've gone through this predicament a few times and I'm not sure it's really worth trying to dodge it. I mean if you are a thousand or 2 away from the 6k then by all means you should easily be able to get it over the limit before inspection but other than that I don't see a point in rushing like mad to get the mileage up as you will be spending a lot on fuel and the time and expense that touring brings anyway it will probably work out more expensive that is unless you were planning a tour anyway. I've just brought in a new bike and was considering putting up the miles but with the timeframe before brexit and the weather this time of year I don't think it's worth it. You can pretty much forget about bringing something in at the moment anyway, it's looking more and more like a hard brexit and a lot of centres are booked out because of people rushing to get stuff imported before the 29th. I'm travelling to Limerick at the weekend as both Cork centres are booked out (last time I checked)

jeo77974 13th March 2019 07:31 PM

Re: VAT on import
 
Meh, cheap set of clocks of eBay do the old switcharoo, flog em on don’t sell the bike until the mileage is over what it said when it was vrt’d. Simples

Gixxer 13th March 2019 08:00 PM

Re: VAT on import
 
[quote=jeo77974;3566883]Meh, cheap set of clocks of eBay do the old switcharoo, flog em on donít sell the bike until the mileage is over what it said when it was vrtíd. Simples[/quote]

This^^^

It's hardly rocket science :thumbsup2:

Dirtyshirt 13th March 2019 10:29 PM

Re: VAT on import
 
If you wait until after march 29th you'll have to pay 10.5% tarrif too.

sharpbikes 13th March 2019 11:13 PM

Re: VAT on import
 
ferris bueller job, axle stands and throttle cracked in 6th

ciderking 14th March 2019 07:41 AM

Re: VAT on import
 
Donedeal used to have ads for digital mileage 'corrections'.

me2 14th March 2019 08:09 AM

[quote=sharpbikes;3566905]ferris bueller job, axle stands and throttle cracked in 6th[/quote]
Dat the one where the farrari dropped off the stands and exited through the back wall of de garage? Naw - giver is right, too much like rocket science!

Dominus Obsequious Sororium 14th March 2019 09:55 AM

Re: VAT on import
 
I'd love to do that...unfortunately I have to have the clutch converted before I can ride it, so I'd be into getting that done over there...

[quote=kad;3566868]Exactly and ins will cover a bike for more than a month.ild two cages for nearly 12mths on english plates.you dont have to go rushing in the door when you get home with it..if its a good bike/deal dont let the miles put you off just got to get creative[/quote]

sharpbikes 14th March 2019 11:40 AM

Re: VAT on import
 
[quote=me2;3566915]Dat the one where the farrari dropped off the stands and exited through the back wall of de garage? Naw - giver is right, too much like rocket science![/quote]

thats the one.......:lbhbh::lbhbh::lbhbh:


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