Retail car buying in UK for export to outside EU

Jaffa_cake

Hi all,

Can I please ask for information and guide lines on the export of new cars.
This is how I see the procedure at the moment, but believe there is blanks to fill in, and export forms to complete.

Please help.



Myself and my wife own a logistics company here in UK, registered at Companys House to do business with new cars.
We are not yet VAT registered, buy would become if required.


We want to buy NEW UK made cars, and export them to outside the EU.
As a logistics company, neither myself or my wife will own the cars, so they will not be personal exports.

I understand I (our company) can buy "VAT Free" and have 90 days to have them removed from UK soil.

The receiving company in a non EU country will take care of all there VAT and tax payments when the cars arrive in that country.

I plan to have the company I (our company) buys the cars from, to deliver them to a UK sea port, where they will be containerised, and sent on their way.

AdrianC

If you've got a question that isn't answered on this page...
https://www.gov.uk/taking-vehicles-out-of-uk/newly-bought-vehicles
...then I'm not quite sure what it is. Could you expand?

I suspect you're not going to be doing sufficient volume for the manufacturer/importer to deal direct, so you'll be working with a dealer or broker to source the cars.

Jaffa_cake

AdrianC wrote: »

If you've got a question that isn't answered on this page...
https://www.gov.uk/taking-vehicles-out-of-uk/newly-bought-vehicles
...then I'm not quite sure what it is. Could you expand?

I suspect you're not going to be doing sufficient volume for the manufacturer/importer to deal direct, so you'll be working with a dealer or broker to source the cars.

Could be looking at 4 Bentleys per month, and around 10 Range Rovers per month.

My Logistics company in UK would buy them, and sell them to our partner company, who buys wholesale cars in Non Eu country.

JC

Mercdriver

If you are looking at a cost level of that magnitude, it would be best to speak to a tax advisor, not an internet message board. The consequences of getting it wrong on around £1,000,000+ worth of purchases (therefore £200k+VAT) a month is quite eye watering.

AdrianC

I'm intrigued to know which non-EU country is going to be taking 48 Bentleys and 120 Range Rovers a year, yet doesn't already have an official importer in the region.

Will your partner company be handling the warranties and maintenance for these cars?

pogofish

Jaffa_cake wrote: »

Myself and my wife own a logistics company here in UK, registered at Companys House to do business with new cars.
We are not yet VAT registered, buy would become if required.


We want to buy NEW UK made cars, and export them to outside the EU.

If you are using this board as effectively a free consultancy, then maybe you better go and re-read the conditions on commercial-interest posting that you clearly agreed to on signup.

Or maybe confine this kind of post to the Small Biz board where it is acceptable?

firefox1956

Professional advice is what you require.........
And you will have to pay for that.
Although the profit after all applicable taxes on 2 or 3 Bentley's should
sort that out.
Good luck.

Mercdriver

Plus with the turnover you are talking about, you will definitely need to be VAT registered, but your tax advisor will tell you that.