Hi Guys, just wondering what is involved if I want to buy abroad. I like the idea of going to Italy buying a bike and riding home on it. Has anyone done this. What got me thinking was I'm looking at a MV Agusta Brutale 675, in this country it is £8500 in europe it costs 8990 euros roughly £7200 going on todays exchange rate.
Buying from Abroad
Posts 4 | Views 395
Buying from abroad
Here's some info we have had since the late 90s
One consideration is VAT. Euro rules say you should pay the VAT at
your destination. What this usually means is you pay VAT when you buy the bike
in Italy/German/Belgium, then claim it back when you pay UK VAT at the point of
entry to Britain (see details below).
According to the Customs Personal Transport Unit, they tell me
that the "suppliers in certain other member states have been charging
VAT" are the Germans and the Italians. According to Customs, the German
payment is quite straightforward to claim back with forms from Customs so you
will have to pay UK VAT on a new bike.
Italy, needless to say, is different again and dealers there will
often only sell to Italians who then sell it on to you. In this case it is
quite difficult to reclaim the Italian VAT so the customs guys at Dover will
look at the individual circumstances and may waive the UK VAT that's due.
Acquiring a new machine in another member state of the EC
If you buy a new bike in one member state of the E.C with the
intention of removing it to another member state, E.C regs. state that you
should pay the VAT involved at your destination.
The acquisition of the machine should be noted to the PTU within 7
days of arrival in the U.K. Notification is made made using appendix D from
customs notice 728 available from one of the Customs & Excise advice centres
around the country (list follows).
The PTU will send you a bill for the VAT and a document to take
along to a vehicle registration office.
Suppliers in certain other member states have been charging VAT or
taking a refundable deposit equal to the amount of VAT. If you buy a new
machine in this way, you must still inform the PTU within 7 days of arrival -
each case will be looked at on an individual basis.
Acquiring a machine which is not new in another member state of the E.C.
In order for a machine to be considered not new it must:-
- be more than six months since it first entered into service
- have travelled more than 6,000Km (3,726 miles).
If you buy a motorcycle which is not new in another member state
you will buy it VAT paid at source. When you bring it into the U.K, there will
be no further VAT to pay so there is no requirement to declare the acquisition
to U.K customs, simply take your documents along to a vehicle registration
From 1/4/98 the vehicle registration offices will be making a
charge of £25 to register imported/acquired vehicles.