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Criteria for Buying a Tax-Free Car in the UK
- By Stephen Gransville
- Published 05/27/2011
- Automotive
- Unrated
Wouldn’t we all love to buy a car
without paying VAT! What the average person doesn’t often know however is if
you meet certain criteria you can.
An example of this is if you take your
new car out the country within two months. In contrast, normally if you buy a vehicle
to use in the
The following guide will describe the
circumstances and categories under which a car in the
Exporting Cars As An Ex-Patriot
British expats are spoiled for choice
when it comes to buying a car in the
Be aware however that the rules for
tax-free vehicles bought in this way can be complicated. Here are a few pit
falls to watch out for when buying a car for export:
·
Make sure you actually qualify as not
all expats do. It depends on your status and your adopted country. For example,
you cannot own a car in
·
Tax-free cars are not entirely exempt
from all taxes or other possible charges. This is because the authorities in
the destination countries will levy local taxes, their equivalent of VAT.
There’s little point in getting out of paying 17.5 per cent VAT in
·
Depending on the country you’re
exporting the car to; there may be additional fees to pay for entry. Many
non-EU countries will make you pay import tax which may nullify your tax saving
by choosing to export.
·
Do your research on the company that
you’re buying from and make sure they’re reputable so that you don’t get
lumbered with hidden costs.
·
If you’re exporting your car to a
European country, it’s often a good idea to get a right hand drive model.
·
Be aware that currency fluctuations
can affect how cost effective your tax saving is.
·
Know that
·
Be prepared in some cases for long
waiting lists as certain companies may take up to six months to provide the
tax-free vehicle you’ve chosen.
·
If in doubt, ask. It might be worth
choosing a professional to help you buy and export your car. It can be a
complicated business and you don’t want to end up making a potentially
expensive mistake.
Forces Serving Abroad
Members of Her Majesty’s Forces (Air
force, Army, Navy) serving abroad may be entitled to tax-free vehicles. If
you’re a member of the forces and are stationed abroad, it’s worth contacting
specialist companies who deal in tax exempt cars for military personnel. Some
of these companies will even arrange finance for the purchase of the car.
Unfortunately this privilege only
applies to those posted permanently overseas - short term postings do not
qualify.
Foreign Diplomats
Diplomatic and consular staff are
allowed in many cases to buy cars in the
Foreign Servicemen
If you’re posted to the
Conclusion
The above article
demonstrates that there are indeed options to avoid paying UK VAT on car
purchases. All in all, those who mainly qualify are ex-patriots living abroad
who are entitled to export a car tax free, diplomatic
sales, military personnel stationed abroad and foreign servicemen. For the rest of us unfortunately, VAT is a
fact of life.
Author the Author: Stephen Gransville is a car
enthusiast and independent adviser on diplomatic
sales
for vehicles.
