Import parts vat and duty Free

[sailaboutvic]

There already been posting about trying to export good from the UK to the EU vat and import duty free ,
Some of the advise as been it can't be done , other have say it cost too much and not wrote it and some have suggested just to buy from EU chandlers it's cheaper like Ireland.
if I may say most of the advise have come from googling the answer ,
Other are just people option who not done it them self .

So here my real life experience.
First let me say what ever your buying it got to be worth a set amount or else , you may just as well buy it from the EU .

Now to the nit and gritty bit .
I needed a new Raymarine EV 400 autopilot for a type 2 motor which turn out to be the most expensive out of all of them.
Also needed a sea talk back bone ,seatalk NG Device net , Nema to Nema 2000 and some other bits .
Total £2340 ex vat which includes £40 shipping to Malta .

The EV 400 on its own was £2074 on its own .
K&M who I brought them from wasn't the cheapest but the cheapest couldn't be bothered to sell ex vat so it's their lost .
I made several enquiry to EU company's including Ireland and just for the EV400 they where all round the same price as SVB €3099 £2645 that's included a 7% discount
it's about time UK company's got their ass in gear.



Agent cost

€65 custom escort €40 Document Clearance €30 transport clearance ,
Total some €147.60 incl vat
That £546 saving just on the autopilot .

So you see guys you can work Brexit to your advance.



Good luck with your next order.

Edit it to pounds

 

[syvictoria]

The EV 400 on its own was £2074 on its own .
K&M who I brought them from wasn't the cheapest but the cheapest couldn't be bothered to sell ex vat so it's their lost .
I made several enquiry to EU company's including Ireland and just for the EV400 they where all round the same price as SVB €3099 that's included a 7% discount .

That's a €1025 different . On just one item, it's about time UK company's got their ass in gear.

Agent cost

€65 custom escort €40 Document Clearance €30 transport clearance ,
Total some €147.60 incl vat
That £877 saving just on the autopilot .

(My bold.) There appears to be some mixing of currencies here, which maybe makes the saving actually about half what is suggested in sterling???

As to whether this offsets the rest of Brexit? That's not really for me to say here...!

 

[syvictoria]

Genuine question, and I have to confess to not really understanding the rules, but I thought that VAT was normally paid upon arrival (import) into the EU, and that the problem that some have been suffering is that they're having to VAT twice (here and on arrival in the EU)? Would you not have therefore expected to pay 18% (standard VAT rate in Malta I think) on the £2074?

 

[sailaboutvic]

[

Genuine question, and I have to confess to not really understanding the rules, but I thought that VAT was normally paid upon arrival (import) into the EU, and that the problem that some have been suffering is that they're having to VAT twice (here and on arrival in the EU)? Would you not have therefore expected to pay 18% (standard VAT rate in Malta I think) on the £2074?

a non EU yacht can import goods as yacht in transit duty and vat free which is what I have done in this case
Agree people have been buying stuff in the UK and paying vat twice ,
There been cases where people have manage to buy good ex vat then have to pay the vat on arrival as well as other fees that's added on .
Which is why I said the goods have to be wrote the different to import them YIT.
I'm trying to help take away the miff that you can't import goods in the EU without high cost and jumping through hoop .

 

[sailaboutvic]

Just to add to my posting incase people think malta the only place you can do this if you look back to another posting I made some months back , I help another British yacht import 8K of sails from Turkey to sicily that cost €100 .

 

[Graham376]

Buying from the UK is obviously an option but what happens if goods are faulty and have to be returned and a replacement sent. Presumably there will be VAT/ duty when the original arrives back in the UK and then the new one arrives, presumably attracting handling fees again? Sounds like the costs (and aggro) could wipe out the savings against buying in EU for lower priced goods.

 

[sailaboutvic]

Goods would be returned back as faulty there no vat or Duty so no different to sending some faulty goods back to a supplier in the EU .
Replacements Goods would also be sent Back as replacement goods , no vat ,

As I said the value of the goods have to be worth your while while to cover against fees .

Personally my saving was well worth the phone call to give instructions for custom clearance.
Some may not think so .
The purpose of the posting was to remove the rumours from some here that buying from the UK without paying vat and import duty is difficult.
The difficult part is getting lazy British company to remove the vat off the goods .

 

[Graham376]

Goods would be returned back as faulty there no vat or Duty so no different to sending some faulty goods back to a supplier in the EU .
Replacements Goods would also be sent Back as replacement goods , no vat ,
The difficult part is getting lazy British company to remove the vat off the goods .

Good news about returns then. Lazy seems right for some suppliers, I've been pondering buying a new tender and a couple I contacted said they didn't want to get into exports, too much trouble.

 

[Baggywrinkle]

Raymarine Evolution EV-400 Sail mit p70 Bedieneinheit, ACU-400, EV-1

€2790,00 with €29 delivery to Malta.

Total €2819 or approx £2411

You paid £2340 ex vat (€2735,64) and then another €147.60 on top for customs etc.

Total €2883,24 or approx £2466

... not a lot in it - will totally depend on currency conversion and if your income is Euros or GBPs

(currency conversions were spot conversion on google).

 

[sailaboutvic]

Raymarine Evolution EV-400 Sail mit p70 Bedieneinheit, ACU-400, EV-1

€2790,00 with €29 delivery to Malta.

Total €2819 or approx £2411

You paid £2340 ex vat (€2735,64) and then another €147.60 on top for customs etc.

Total €2883,24 or approx £2466

... not a lot in it - will totally depend on currency conversion and if your income is Euros or GBPs

(currency conversions were spot conversion on google).

Thank you for doing the sums for me even tho you got the figure wrong (AP it self £2074 and not £2340 ) and finding a cheaper shop to buy from , I could had also brought it cheaper from Rowland marine . But I also had other bits I needed and K&M was kind enough to put them all in one box and yes my saving was over €500 .
But the point of this posting wasn't how much I save but to show without too much of a problem you can buy stuff from the UK vat and duty free.

 

[Bilgediver]

There already been posting about trying to export good from the UK to the EU vat and import duty free ,
Some of the advise as been it can't be done , other have say it cost too much and not wrote it and some have suggested just to buy from EU chandlers it's cheaper like Ireland.
if I may say most of the advise have come from googling the answer ,
Other are just people option who not done it them self .

So here my real life experience.
First let me say what ever your buying it got to be worth a set amount or else , you may just as well buy it from the EU .

Now to the nit and gritty bit .
I needed a new Raymarine EV 400 autopilot for a type 2 motor which turn out to be the most expensive out of all of them.
Also needed a sea talk back bone ,seatalk NG Device net , Nema to Nema 2000 and some other bits .
Total £2340 ex vat which includes £40 shipping to Malta .

The EV 400 on its own was £2074 on its own .
K&M who I brought them from wasn't the cheapest but the cheapest couldn't be bothered to sell ex vat so it's their lost .
I made several enquiry to EU company's including Ireland and just for the EV400 they where all round the same price as SVB €3099 £2645 that's included a 7% discount
it's about time UK company's got their ass in gear.



Agent cost

€65 custom escort €40 Document Clearance €30 transport clearance ,
Total some €147.60 incl vat
That £546 saving just on the autopilot .

So you see guys you can work Brexit to your advance.



Good luck with your next order.

Edit it to pounds

And did you enter it into Malta as Ships Stores in Transit and save on the local VAT too.....

 

[sailaboutvic]

Good news about returns then. Lazy seems right for some suppliers, I've been pondering buying a new tender and a couple I contacted said they didn't want to get into exports, too much trouble.

Graham the important bit is Make sure the saving cover The agent fees and your still saving

 

[sailaboutvic]

And did you enter it into Malta as Ships Stores in Transit and save on the local VAT too.....

It was sent as yacht in transit , yacht name and address to the agent .
Agent then used custom guard and transport to deliver to the boat .
Yes there was no vat or import duty .

When I sorted a friend sail from Turkey the agent in Sicily just pass the paper work to DHL and they deliver to the marina , no custom guard involved that time .

 

[Bilgediver]

Well done. ! Best to keep the documentation ready for inspection in case asked for when departing and if fitted the parts then at that price I would note it in the log or Machinery Maintenance Record and then should be no problems.

 

[sailaboutvic]

Well done. ! Best to keep the documentation ready for inspection in case asked for when departing and if fitted the parts then at that price I would note it in the log or Machinery Maintenance Record and then should be no problems.

Plain to fit them soon as my old kits been sold ,
but as you said keep records up to date .
I hope this help some here who for what every reason want to buy expensive gear from the UK .
It may not only be for cost reason ,
Some have favour sail makers and the cost of vat and duty in some cases paying them twice puts them off from using them .

 

[pandos]

So does a ycht in transit then pay the VAT on its return to it's home port?

If so and if a vat dodging owner was inclined to forget to do this, would it not be safer to not enter things in log or retain copies of receipts/orders etc?

 

[sailaboutvic]

So does a ycht in transit then pay the VAT on its return to it's home port?

If so and if a vat dodging owner was inclined to forget to do this, would it not be safer to not enter things in log or retain copies of receipts/orders etc?

Simple answer , this yacht will not be returning to the UK .
People can do as they feel fit .