Importing a car from overseas (South Africa)
Wonder if anyone can help here, maybe with experience?
I can get a car in South Africa for £4.5k.
Said vehicle is worth around £15k in the UK (depending on condition, it’s a classic VW Van)
I understand I need to pay a 10% import and 5% VAT based on the price of the car (as the vehicle is older than 1993).
Which price do they go by? The price I paid for the actual vehicle in ZAR converted to GBP or?
3 comments
Price you paid converted to GBP
Customs or the broker will convert the Rand in to Sterling, and that’ll be the value you pay tax/duty on plus the fees.
No import duty on pre 1993 cars – just 5% VAT.