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Changes to VAT from Jan 2021

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    Changes to VAT from Jan 2021

    Hi guys,

    This is a repost of a message I just put on the Mustang6g forum:

    Just been reading the small print on changes from 1st Jan which will effect parts purchased from the US.

    The 15 threshold below which you can avoid VAT is gone.

    VAT must now be charged and collected by the SELLER for all items up to 135 (excluding cost of shipping, insurance).

    For goods over 135, we get charged VAT and Duty (usually 2.5% on car parts) on everything including shipping when the goods are DELIVERED this end (usually with the unpredictable ‘handling charge’). This bit isn’t changing.

    Apart from the additional 20% on sub 15 items which is negligible, what worries me is For anything under 135, the seller now has to register with HMRC and collect the VAT to sell to the U.K. I can see a lot of companies in the States deciding it’s not worth selling to us in the future because of the additional hassle!

    I’m yet to figure out what this means for forwarding services such as MyUs and Stackry.

    So if you’re thinking of getting some smaller parts, I suggest you order NOW.

    I’m looking at a shifter from WM Garage myself!

    Cheers
    David




    David & Kathy
    2018 GT Auto (pre-facelift)
    Also running 57 Zephyr, MGB and some Mopar stuff!
    Member A602's CC
    Pictures on Instagram @flat_top_david

    #2
    The actual details on Gov website below:

    https://www.gov.uk/government/public...1-january-2021

    '99 Bright Atlantic Blue Convertible (Stock) & '67 Acapulco Blue Fastback (393 Stroker)
    http://www.67mustang.co.uk

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      #3
      I don't think i will make a difference to the sellers that use World Pay etc where the VAT and Duty is deducted at point of sale.
      Larger sellers I've used who will export are UK VAT registered already.
      Stuart
      2014 GT/CS

      Comment


        #4
        Looks like some EU retailers are stopping shipping to the UK as a result, I wonder if any US suppliers will follow suit:

        https://www.bbc.co.uk/news/business-55530721

        '99 Bright Atlantic Blue Convertible (Stock) & '67 Acapulco Blue Fastback (393 Stroker)
        http://www.67mustang.co.uk

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          #5
          Just done an order with Rockauto with no problems.

          Comment


            #6
            RockaAuto have had a U.K Vat reg number for a good while.
            Stuart
            2014 GT/CS

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              #7
              For every E.U online seller who stops selling to U.K customers another E.U seller who wasn't selling to the U.K will jump in and fill the gap.
              Stuart
              2014 GT/CS

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