LittlestHobo
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- Sep 16, 2011
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Sorry guys couldn't find an answer in previous posts I searched for so here it goes, apologies if it’s a repeat...
I am importing a bus and am looking at the obvious Vat problem. Now, after much searching on internet I phoned HMRC tariff classification helpline, told them I was importing a classic vehicle what was i supposed to do to get the correct tax relief.
The guy asked me a few questions about the vehicle and then gave me a commodity code that entitled me to pay 5% tax.
I then read quite a lot about BTI, so called HMRC again and asked if this was required and that I'd already been given a commodity code, she said that the BTI was not necessarily required, was it over 30 years old and meeting the criteria she asked, if so it should be fine.
So my question is what happens if I don't apply for BTI? but just use the 5% code on the shipping forms?
Cheers
Simon
I am importing a bus and am looking at the obvious Vat problem. Now, after much searching on internet I phoned HMRC tariff classification helpline, told them I was importing a classic vehicle what was i supposed to do to get the correct tax relief.
The guy asked me a few questions about the vehicle and then gave me a commodity code that entitled me to pay 5% tax.
I then read quite a lot about BTI, so called HMRC again and asked if this was required and that I'd already been given a commodity code, she said that the BTI was not necessarily required, was it over 30 years old and meeting the criteria she asked, if so it should be fine.
So my question is what happens if I don't apply for BTI? but just use the 5% code on the shipping forms?
Cheers
Simon