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On what do I pay VAT on importing a vintage car?
If buying a vintage car in UK at say £10k, and you leave it in UK for restoration. The restoration work is carried out in the UK and costs, say, a further £10k . Do you pay VAT on the purchase price only or are you charged VAT on import of te car of purchase price PLUS restoration cost?
Our answer:
Hi Peter,
When presenting the car for inspection, you produce the documentation including the bill of sale, which will be used to determine the VAT owing. There's no specific mention of including extra documentation for extra work done on the vehicle before it is actually imported.
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