Importing back Printing Machines - Previously exported from UK

[N9870]

Hi All,

We purchased 2 x Printing Press machines from an auction in UK and exported to Overseas, due to lack of knowledge we couldn't sale there, now we want to import those machines here - Please advise do we need to Pay the customs Duty again and do we need to pay the VAT again ?:|

If yes, do we need to put value of such machines juts scrap value ? as we have already suffered quite lossAlso, I don't have VAT registered company here - what will be the procedure now for me.

I will be really thankful to you all.

 

[SuffolkDesigns]

When they sent abroad -
Was an invoice issued? If so, were they paid for?
Were they "on loan" to a different company?
Who was the owner of the equipment whilst they were abroad?

 

[N9870]

When they sent abroad - ( in 2010 )
Was an invoice issued? ( YES ) If so, were they paid for? ( YES )
Were they "on loan" to a different company? (NO)
Who was the owner of the equipment whilst they were abroad? ( MY DAD Company )

 

[SuffolkDesigns]

If they belong to a company registered abroad, then you would be buying them and importing so taxes would be payable.
One (dodgy) loophole I can think of would be if the machines were "faulty", and you issued a refund you might be able to avoid paying the taxes, however tax avoidance and all that.........

 

[ob1]

What Kind of Printing Machines are they? When we imported one from Australia about three yrs ago, it wasnt Subject to Duty. I cant remember if we paid vat at customs, However, Depending on what sort of equipment it is i may be able to help you find a buyer for it overseas.

I assume you bought it from a company outside of the UK so you didnt have to Pay VAT from the seller. The way around it is that you set up a VAT Registered company in UK and claim the VAT Back.

 

[N9870]

What Kind of Printing Machines are they?

2001 Heidelberg Printmaster QM46-2 two colour
1996 Heidelberg Printmaster QM46-2 two colour


I persoanlly Bought it from an Auction in London for export purposes ( VAT Exempt ) its in my yard Overses ( my family business ) but as YOM 2001 and quite latest for us no one understand there, so we want to take them back here in UK. Please advise what will be the procedure.

 

[Matt G]

If its a intracomunitair acquisition the VAT will be zero on the taxe declaration.

Read the intracomunitair VAT acquisition.

 

[N9870]

We didnt mention the goods will be re-import in UK/EU...as they were exported to sale overseas -

 

[Chris Ashdown]

I guess that the purchase price or value will be very low on machines this old and migh only be good enough for spare parts!

 

[N9870]

Please explain - Shell I mention Invoice to HMR as low as possible

 

[Chris Ashdown]

I can only go on what area I know which is embroidery machines

New a 12 head 7 colour embroidery machine cost about £44000+vat about ten to 15 years ago as the top of the range normal machines

It's value now to say a company could be £12000 if the company had a use for it, but if you look on ebay they would be on sale between £1000-1500

My point is what is the true value of the machine to any buyer at that age and is it in a working state or does it need repair or maintance all would lower it's price considerably

 

[Graconnor]

Hi,

I would be very careful with this one. If they have changed ownership between them shipping out and returning then they can not be re-imported as British Returned Goods. Equally if you are importing them on a commercial basis then you will need an EORI number (VAT).

I would be happy to give you more accurate advise if I had more details.

 

[N9870]

We used the buyer`s detials as consignee while shipping to outside EU/UK.
Now, I want to re-import under my own compnay name which is not VAT registered yet - Although Sender is my own compnay overseas.

so In short - Im sender overses and I am receiver here in UK.

1 machine is OK but other mahcine needs to be repair - although they have been stored more then 1 and half year there so defnatly both machines requrue some attention.

Please advise.

 

[Graconnor]

I would need to see the relevant documentation to advise. Feel free to contact me via PM to discuss further.

 

[James Cloudy]

If you belong to a registered company then it won't cost high to you and if this is your individual order then it will charge you some more amount.