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VAT on UK classic car

chiefwiggum · 2024-02-14 20:44:54

This may have been answered elsewhere but can't find it So I've been looking at classic cars in the U.K. over 40 years so vrt should be 200. In the case of VAT and Customs duty I presume this is based off the purchase price. If buying privately for example say for 6K sterling could you get the seller to give you a receipt…

14-02-2024 8:44pm

#1

chiefwiggum

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This may have been answered elsewhere but can't find it
So I've been looking at classic cars in the U.K. over 40 years so vrt should be 200.
In the case of VAT and Customs duty I presume this is based off the purchase price. If buying privately for example say for 6K sterling could you get the seller to give you a receipt for 3-4k and present that for VAT and duty purposes?

Post edited by macplaxton on February 14

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#2 14-02-2024 10:50pm

macplaxton

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If the Revenue think you're at it, they'll come up with their own figure and some extras.
I'll lock this off with a charter reminder on this occasion.
https://www.boards.ie/discussion/2055037358/motors-charter-read-before-going-further/p1
* Posts that encourage drivers to break the law e.g. telling people to make false motor tax declarations may result in either an infraction or a banning.
Similar punishment will be awarded to those who request such advice.

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