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Need a valuation of my BJ41 for HM customs import duty


 
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Fish
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Joined: 03 Feb 2016
Posts: 3
Location: UAE

PostPosted: Thu Jul 21, 2016 0:30    Post subject: Need a valuation of my BJ41 for HM customs import duty Reply with quote

Can anybody help a newbie please, I am in the process of importing a 1979 BJ41, which I owned for less than 6 months while I was living and working outside UK. My car is in UK now but HM Customs need me to supply a valuation of my car so they can determine how much import duty to charge me. I paid the equivalent of 8000 for it back in January, and have a receipt for this from the seller, but HM customs are requesting an independent valuation either from a Uk garage, trader or owners club, I have to have this before they will issue me a NOVA reference so I can get it registered for my use now I am back in UK.
Has this been requested before? Can anybody help? I am more than happy to pay the import duty and VAT, and I think 8000 was a fair purchase price. I am not trying to flip the car for a profit, I love the car and want to keep it for own use, can the TLOC supply me with a valuation?
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PostPosted: Thu Jul 21, 2016 0:30    Post subject: Google Ads keep this community free to join!


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andy
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Joined: 16 Dec 2003
Posts: 1956
Location: Polegate, Sussex, England.

PostPosted: Thu Jul 21, 2016 14:07    Post subject: Reply with quote

I would think that any independent valuation would be much more than what you paid, all depends on  the condition of truck, so why do HMC not accept the paid value.
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katsarata
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Joined: 23 Mar 2015
Posts: 6
Location: uk

PostPosted: Sat Nov 19, 2016 9:47    Post subject: Reply with quote

I,m pretty sure HMRC should take the price you paid as the basis for VAT & Duty not what someone thinks it's worth no matter how knowledgeable.

I hope it all works out well for you and it will be great to have another BJ41V in the UK I imported mine straight from Japan.
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