VAT Question ?
22-12-2009, 09:33 PM
#1
RWD Racer
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VAT Question ?
Assuming you order and pay for parts from a uk supplier to come from America at the old 15% vat rate before jan 1st 2010
Would you or the dealer be charged more vat when the parts arrive after 1st 2010 ?
Would you or the dealer be charged more vat when the parts arrive after 1st 2010 ?
22-12-2009, 09:49 PM
#3
PassionFord Post Troll
If you've order'ed & paid for the parts @ 15% VAT, then thats ok, even if they are delivered in Jan 10.
Also, I think the VAT will still be 15% if you order the parts in Dec 09 & pay in Jan 10 as thats the VAT rate at the time.
Also, I think the VAT will still be 15% if you order the parts in Dec 09 & pay in Jan 10 as thats the VAT rate at the time.
Last edited by thebigmacmoomin; 22-12-2009 at 09:51 PM.
22-12-2009, 09:55 PM
#5
Professional Waffler
As long as you have been invoiced for the parts on or before DEC 31st then you pay the 15% rate. You do not have had to pay for them, only be invoiced!
I think a lot of companies will be sending invoices out on the 31st lol
I think a lot of companies will be sending invoices out on the 31st lol
22-12-2009, 09:57 PM
#6
Professional Waffler
Ive had to go through all this last week with my accountant.
22-12-2009, 09:58 PM
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Ah this is good to know. Ive got £2500 worth of stuff coming from the US which will probably be here in January. Thats £60 less than i thought it was going to cost then! Extra beer tokens. 
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22-12-2009, 10:11 PM
#8
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If you are talking about import VAT, any goods that arrive in the UK after midnight on the 31st Dec you will be charged 17.5%.
If you have ordered from a UK supplier in December and they have invoiced you in December then the 15% rate should apply. They will be charged the 17.5% vat rate from customs but will reclaim this in their usual way.
HTH
If you have ordered from a UK supplier in December and they have invoiced you in December then the 15% rate should apply. They will be charged the 17.5% vat rate from customs but will reclaim this in their usual way.
HTH
22-12-2009, 11:03 PM
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If you are talking about import VAT, any goods that arrive in the UK after midnight on the 31st Dec you will be charged 17.5%.
If you have ordered from a UK supplier in December and they have invoiced you in December then the 15% rate should apply. They will be charged the 17.5% vat rate from customs but will reclaim this in their usual way.
HTH
If you have ordered from a UK supplier in December and they have invoiced you in December then the 15% rate should apply. They will be charged the 17.5% vat rate from customs but will reclaim this in their usual way.
HTH
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