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Can contractors using VAT Flat Rate Scheme gain 20% discount by importing?

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    #11
    Originally posted by stek View Post
    My £1700 '93 Rickenbacker guitar got through customs from USA with no duty or vat, sweet!

    Saved 20-odd%....
    No strings attached?

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      #12
      Shame you can't get the item VAT-free and claiming it as an expense, so not paying 20% corporation tax, nor 20% VAT. But the VAT Flat Rate Scheme is a pretty sweet deal too.

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        #13
        Originally posted by stek View Post
        My £1700 '93 Rickenbacker guitar got through customs from USA with no duty or vat, sweet!

        Saved 20-odd%....
        That's un ****ing believable! I bought some stuff as a gift from the US, had gift declared on it and the bastards still charged me import duty on a gift that cost the pound equivalent of £327!
        I couldn't give two fornicators! Yes, really!

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          #14
          Originally posted by BolshieBastard View Post
          That's un ****ing believable! I bought some stuff as a gift from the US, had gift declared on it and the bastards still charged me import duty on a gift that cost the pound equivalent of £327!
          Yeah lol!

          I was expecting the charges, usually get a card saying pay up and you can have your stuff, sometimes get the stuff and a bill later. This time got the guitar, waited for a bill - nothing for a bout six months now. Might come eventually, but I think I got away with it!

          And it was all declared properly, suspect it just got missed.

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