This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Classic Rally Cars

towat
Posts: 124
Joined: Thu Nov 04, 2010 11:31 am

Classic Rally Cars

Postby towat » Fri Feb 14, 2020 10:26 am

I have a client who builds classic rally cars, usually Ford Escorts, for wealthy individuals to use in rallys around the world.
The current query relates to vehicles he is building for clients in Austria and Switzerland although the export aspect is I believe straight forward and not relevant here but I stand to be corrected, this is the situation:

1. Import bare body shell from Africa into UK.
2. Builds rally car using UK/EU sourced mostly brand new components VAT claimed.
3. Exports completed Rally Car to new owner.

At this point the "new car" has never been driven so what Output VAT is payable by my client and what if anything would be reclaimable by the new owner?

Thanks in anticipation.

pawncob
Posts: 4444
Joined: Wed Aug 06, 2008 4:06 pm
Location: West Sussex

Re: Classic Rally Cars

Postby pawncob » Fri Feb 14, 2020 7:36 pm

Might depend on where the new owner resides, and if they paid any VAT.
With a pinch of salt take what I say, but don't exceed your RDA


Return to “VAT & Excise Duties”