If I buy a foreign registered car (registered in an EU country) do I have to pay import tax?

No. There is no import duty on goods (including cars) between EU member states. However, you may have to pay VAT (depends on the age of the car, and if VAT has already been paid on the car within the EU).

There is a 10% duty on new cars imported from outside the European economic zone (this zone includes some non-EU countries). If the car was manufactured outside this zone, you may have to prove that the duty was paid when it entered the EU (the fact the car was registered in the EU should be proof).

I take it when you say the car is registered, you mean it is 2nd hand. If that is the case , then as long as the car is over 6 months old, you can drive it straight through customs without declaring it, and without having to pay any sort of duty. Having said that you may be asked a few questions by immigration, who may in turn hand you to customs, but this will be just to enquire why a British Passport holder is driving a foreign registered car.
I'm not quite sure how long you can drive the vehicle in U.K. before registering it here (It may be 6 months). Don't forget you will require insurance and an M.O.T. Certificate to be able to register the vehicle.
I hope you realise that an unforeseen expense will be replacing the headlamp units, 'cos the days are long gone when all that was required to change the dip and main beam was an opposite dipping bulb. A good tip here is that when you take the vehicle for test, tell the examiner you intend taking it back to the country of origin within the year. This will give you a little longer to acquire the correct headlamp assembly.

Hope this bit is of some help. Happy motoring

Tags

tax tips tax year income tax business tax car tax child tax cigarette tax corporate tax estate tax import tax

Related information

If I buy a foreign registered car (registered in an EU country) do I have to pay import tax?

For UK Car Drivers!! Sign up Against The New Road Traffic act. Stop Govenment Taking more tax of us.?

Buying car at end of this month or this week.. i would have to still pay tax right?

I donated a car and ineed to find a site that will tell me the value for tax purposes.?

If i buy a used car in Chicago and take it to NYC where I live, how much tax will I have to pay, 8.375%?

If selling car for 10k, but owe 15k, can I deduct the 5k in loss on my tax return?

If your car is in someone elses name but you use it for business is it still tax deductible for you?

What kind of car do you suggest?? I have a budget of $27,000 (includes tax and fees)?

SiteMap--Copyright/IP Policy--Contact Webmaster
For personal non-commercial use only.