Exporting to Spain

Discussion in 'International Business' started by karenjsp, Apr 17, 2009.

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  1. karenjsp

    karenjsp UKBF Newcomer

    2 0
    Later this year I hope to move to Spain and start a new business there selling specialised sports equipment. If I import the goods from the UK to sell in Spain what tax/duties will I have to pay (bearing in mind I will be a Spanish resident), ie VAT, import duties etc.
    If I import the goods from the USA to sell in Spain, what tax/duties will I have to pay.
    I know that I can buy the goods cheaper in the UK and USA than I can in Spain but need to know if any duties I have to pay will cancel out the extra profit.
     
    Posted: Apr 17, 2009 By: karenjsp Member since: Apr 17, 2009
    #1
  2. DBMark

    DBMark UKBF Regular

    173 33
    May be worth looking at the british expats forum, and asking there (as some will be running a business). However you may find it better to ask general terms ie not let on you're going to be importing sports equipment.
     
    Posted: Apr 17, 2009 By: DBMark Member since: May 7, 2008
    #2
  3. FluxServices

    FluxServices UKBF Regular

    405 50
    Importing goods from the UK into Spain you will not face any import duties or taxes as the goods are moving within the EC.

    I strongly suggest that you use road groupage transport as its alot cheaper and takes approx 2/3 days for delivery to your door.

    Regarding import duties and taxes for goods coming from the US, I'm afraid I do not know this. Although the EC is meant to be one market, it still upto the county to levy is own duties on imported goods from outside the EC. Regarding the VAT, Spain I believe is 16%.

    Hope this is of some use to you, best of luck in your new venture and move to Spain.
     
    Posted: Apr 17, 2009 By: FluxServices Member since: Dec 28, 2008
    #3
  4. Wavecrest Ltd

    Wavecrest Ltd UKBF Ace

    731 137
    If you buy goods in the UK to sell in Spain and you do not register for VAT in Spain (i.e. have a Spanish VAT number), your supplier in the UK will have to add UK VAT (15%) to their selling price to you. If you have a Spanish VAT number, your UK supplier can sell goods to you without adding on the UK VAT. You would not have to pay any import duty on goods imported from the UK to Spain.

    As has been previously mentioned, if you are importing goods from the US to Spain you would have to pay duty and VAT. I would suggest you speak to a Spanish customs clearance agent when you are there.

    Best regards
    Glen

    wavecrest.co.uk
    blog http: //wavecrestlimited.choseit.com
     
    Posted: Apr 18, 2009 By: Wavecrest Ltd Member since: Oct 31, 2007
    #4
  5. Interpaws

    Interpaws UKBF Newcomer

    11 1
    Hi i run a retail business in Spain and import from all over the world. If you buy from England or any other EU country you do not pay the VAT (IVA) to the seller. You pay it in Spain at the end of each 3 month period. you are given an IVA number when you start your business and that is your ID for tax in Spain
     
    Posted: Dec 5, 2012 By: Interpaws Member since: Dec 5, 2012
    #5
  6. centredog

    centredog UKBF Newcomer

    11 3
    Starting a business in Spain is very difficult. Best of luck to you man.
     
    Posted: Dec 5, 2012 By: centredog Member since: Nov 18, 2012
    #6
  7. GraemeL

    GraemeL Pain in the neck? Verified Business ✔️

    5,227 1,156
    Old old thread.

    G
     
    Posted: Dec 5, 2012 By: GraemeL Member since: Sep 7, 2011
    #7
  8. Interpaws

    Interpaws UKBF Newcomer

    11 1
    What is that suposed to mean?
     
    Posted: Dec 5, 2012 By: Interpaws Member since: Dec 5, 2012
    #8
  9. Interpaws

    Interpaws UKBF Newcomer

    11 1
    Starting it is easy making it successful is another thing I have had three successful businesses here in Spain. But now because of the recession, that has been getting worse since 2007, I am just about hanging on. Although more than 3 other competitors have closed in my area there is just not enough spare money for me to do well.
    So if you have an idea and can get it started you could do well once the crisis is over. But if you need to pay large rents etc. You are in for a hard time
     
    Posted: Dec 5, 2012 By: Interpaws Member since: Dec 5, 2012
    #9
  10. GraemeL

    GraemeL Pain in the neck? Verified Business ✔️

    5,227 1,156
    Exactly what it says. Its an old old thread. You are attempting to assist someone who last posted this over 2 years ago.

    G
     
    Posted: Dec 5, 2012 By: GraemeL Member since: Sep 7, 2011
    #10
  11. Interpaws

    Interpaws UKBF Newcomer

    11 1
    Ok I have found it, the date the post was writen. sorry for any trouble I missed it last time
    Thanks for your help
    H:)
     
    Posted: Dec 5, 2012 By: Interpaws Member since: Dec 5, 2012
    #11
  12. GraemeL

    GraemeL Pain in the neck? Verified Business ✔️

    5,227 1,156
    No worries.
    Incidentally, I am pretty sure that if I was exporting from UK to Spain, I would charge you VAT if you were not VAT registered in Spain or could not provide me with a VAT number.

    As you know, the news in the UK about the Spanish economy is pretty terrible. How is it affecting small businesses?

    G
     
    Posted: Dec 5, 2012 By: GraemeL Member since: Sep 7, 2011
    #12
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