What about Buying Second Hand Parts from EU Countries?
From what I understand either of the following ways UK 20% VAT needs to be paid to the HMRC. Is this correct?
1. The EU Company need to be registered to Pay UK 20% VAT to HRMC and then the UK Buyer pays the invoice with UK Import 20% VAT Paid by the EU company
or
2. The EU Company are not registered to Pay UK VAT to HRMC So the UK Buyer pays the invoice minus the UK 20% VAT and then the UK Buyer has to pay the Import VAT and Courier Company Handling/Processing Fees typically £10.
Either way it appears now very expense as an individual to import UK good as the UK 20% VAT and any specific Commodity Import Duty, Courier Company Handling/Processing Fees need to be paid on the total cost, Item Cost & Shipping Costs.
From what I have read it is the total cost, Item Cost & Shipping Costs that matters and there is no difference between New or Used/Second-hand goods.
Is anyone is an expert in Import and Export - all advice welcome, thanks
According to the EU the rules are as follows:
For EU-based companies, VAT is chargeable on most sales and purchases of goods within the EU. In such cases, VAT is charged and due in the EU country where the goods are consumed by the final consumer. Likewise, VAT is charged on services at the time they are carried out in each EU country.
VAT isn't charged on exports of goods to countries outside the EU. In these cases, VAT is charged and due in the country of import and you don't need to declare any VAT as an exporter. However, when exporting goods you will need to provide documentation as proof that the goods were transported outside the EU. Such proof could be provided by presenting a copy of an invoice, a transportation document or an import customs record to your tax authorities.
You will need to provide this proof to be able to fully deduct any receivable VAT that you have paid in a previous related transaction leading up to the export. Insufficient documentation may mean you won't have the right to a VAT reimbursement when exporting goods.
As I said Ebay are screwing things up.