For anyone that has directly experience the pain and tedium, id be keen to know more about the costs (transit, paperwork and conversion stuff) and the time taken i want to buy a container load of tamburini-era bikes and sell them but cant see it being financially viable but at the same time im itching for a little side project...
Not sure about a container load . My dad bought a 350 desmo from a friend in the south of france a couple of years ago and had no problems . I think he got a dating certifacte to prove the year of manufacture and sent it off to the DVLA and they issued a age related number plate? .
They are not that cheap over here any more as the market is generally fairly clued up these days! There are still a few bargains to be had if you have the right contacts and are a cash buyer and can act fast, but if you don't you likely get beaten to the post by people like me who have and can!
Swiss/French alps, I have easy access to all the major European markets (Purely by chance. I'm not a dealer.)!
I know of someone who recently purchased a used Panigale from Italy and has been unable to get it UK registered as it did not come with the European certificate of conformity. The bike is now having to go for an SVA which is a major balls ache. If you go ahead with this make sure you have all the relevant paperwork. Andy
If the bike had been registered in Italy then Ducati Italy is legally required to issue a European C of C for any bike built after 2002.
Any bikes you buy with less than 6000kms will be vat liable at 20% no matter how old, so be wary of this.
Yes they are and they do, FOC if bought within the network. But alternatively, don't think for yourself and take advantage of free market economics, simply follow the sheep and buy one from your nearest official Ducati UK agent and let them take the strain (and the mark-up)!
That is an unneccessary comment. The OP is looking to identify all the pit falls associated with importing used bikes. Lack of appropriate paperwork and taxes are 2. Andy
Yes, the 1980's Ducati's at Bonham's on Sunday all incurred a further 20% vat charge - crazy daylight robbery.
20% vat on the hammer price + 20% vat on the Auction's 15% buyers charge (don't go to an auction unprepared!)
Your post should then have read: 'The buyer is now having to contact Ducati to get a certificate of conformity'.
BUYERS' PREMIUM AND CHARGES For Motorcycles (Lots 101-148 & 187-339) a 15% Buyer's Premium is payable on the first £50,000 of the final Hammer Price of each Lot, and 12% on any amount by which the Hammer Price exceeds £50,000, VAT at the standard rate is payable on the Premium by all Buyers, unless otherwise stated. Buyers Premium on all Automobilia lots (Lots 1-34 & 149–186) will adhere to Bonhams group policy, 25% up to £100,000 of hammer price, 20% from £100,001 to £1,000,000 of hammer price, and 12% on the balance thereafter. This applies to each lot purchased and is subject to VAT. Some lots may be subject to VAT on the hammer price. These lots will be clearly marked with a dagger (†) printed beside the lot number in the catalogue. So, if VAT has been previously paid, it can not be charged again and will only be payable on the auctioneer's fees. If a bike is being sold for the first time in the Europen Union, it will be subject to VAT on the sale price. This is all perfectly normal, reasonable and legitimate!
I don't know what your post is trying to show as you are missing a fundamental point here! You are missing the additional 20% vat on the hammer price as these bikes had less than 6000kms showing. The auctioneer even spelt it out on the day 'Additional 20% vat on the Hammer Price' + 15% and vat auction fees' were his words. This is tax law for of any vehicles imported with less than 6000kms Sorry, but it is how it is
I'm merely showing Bonham's terms and conditions from the sale. 'Some lots may be subject to VAT on the hammer price. These lots will clearly be marked with a dagger (!) printed beside the lot number in the catalogue.' So, if it hasn't been charged before then yes, it will be charged at the appropriate rate which is currently 20%. This is tax law.
So you didn't read my previous posts then? These particular bikes were 1980's so the vat was potentially more than the new price! And if from the EU this also applies (which is what this thread is about) if 'vat hasn't been paid' is not the case as from the eu it has been paid. You pay it again. So, where are you saying my statement was wrong? I'm confused a little now
I've no idea and I don't really care as I wasn't trying another 'who's right, who's wrong' excercize. I do know though that I've imported three bikes in the last couple of years from within the EU to another EU member state, (two of which have less than 500kms) and haven't paid a cent of VAT/TVA at import and registration as it has already been paid at time of first sale in the European Union. When I imported my 955 from America into the EU, I had to pay it. If I face an issue like this in future I'll give it to my accountant to sort out!
