swap uk bike / wat?

Bikerguy

Swaping an irish bike for uk (private deal) with only about 3000km on the clock 5y old... will i have to pay vat in here?

If so.. How do they determine the cost of the vat if there were not money involved.

Is the bike considered as new due to low milleage, even its not due to its age?


Thanks

Wonda-Boy

If I was you I would get the owner to VRT the bike and agree a price after its done....was down with the VRT boys last week and they are a fuc.kin nightmare!

Bikerguy

I dont mind the vrt. But as far asi know ifnlow milleage like less the 6k tge bike is considered as new. Andnin that scenario vat will apply. 21,5% on the top of vrt.

english lad cant do the vrt as u need to prove the residency.

The_Chap

Bikerguy wrote: »

I dont mind the vrt. But as far asi know ifnlow milleage like less the 6k tge bike is considered as new. Andnin that scenario vat will apply. 21,5% on the top of vrt.

english lad cant do the vrt as u need to prove the residency.

Vat deffo payable if less than 6k and its 23%!

colm_c

The_Chap wrote: »

Vat deffo payable if less than 6k and its 23%!

And 23% of the 'new' price rather than market value as in the eyes of revenue it's new.

Are you buying the bike in the uk op? You could take the long way home, and clock up the extra 3k before you arrive.

Wonda-Boy

Get the bike clocked up to the legal limit....simples.

Kat1170

Set of old clocks from something with sufficient mileage zip-tied on. Change once NCT crowd are finished.

Also make up a letter to show you have ''paid'' for the bike.

Bikerguy

idea discounted. i dont wanna go through hassle and then be punished. with my current luck i will be the first person arrested for that
thanks for the tips.

Wonda-Boy

Just buy another cage.....lol

The_Chap

Wonda-Boy wrote: »

Just buy another cage.....lol

it wouldn't be as comfortable as.... :pac:

galwaytt

Bikerguy wrote: »

Swaping an irish bike for uk (private deal) with only about 3000km on the clock 5y old... will i have to pay vat in here?

If so.. How do they determine the cost of the vat if there were not money involved.

Is the bike considered as new due to low milleage, even its not due to its age?


Thanks

I think you're reading the clock wrong - isn't that 30000miles ??

Hotblack Desiato

I thought there was a limit of 12 or 18months for a bike to be treated as 'new' and subject to VAT? The mileage thing was a way of buying a newer bike than that, the mileage was proof it was used and not new.

I imported a Jap bike from the UK with no hassle at all with VRT. I did take it to the VRO within the legally required time though

Bikerguy

ninja900 wrote: »

I thought there was a limit of 12 or 18months for a bike to be treated as 'new' and subject to VAT? The mileage thing was a way of buying a newer bike than that, the mileage was proof it was used and not new.

I imported a Jap bike from the UK with no hassle at all with VRT. I did take it to the VRO within the legally required time though

no limit.. its 6months or 6000km .. if its less the any of these then its a "new" bike and therefore VAT needs to be applied

Hotblack Desiato

Answering his own question, showoff, pffff! :pac:

Bikerguy

ninja900 wrote: »

Answering his own question, showoff, pffff! :pac:

i wasnt sure first.. then i asked here.. now i know after talking to few people... even nerrad confirmed the same in person.. so i am just sharing knowledge that i earned