Thread: Denford Triac
Probably be cheaper to move to Greece.
Greece is in the EU, you will not pay any VAT or import duties.
[QUOTE=m_c;50228]Do you think other countries don't have import duties or some form of VAT?[/QUOTE
...Please allow me to add some thoughts here.
Value Added Tax it is right? So someone buys raw material like brass for example-useless at this form- then machines the brass and makes brass gears and finally sells these at three times the price he paid for the raw material. He added value to that metal and in this case the buyer not him has to pay the VAT because he bought a brand new item.
This is a realy old machine and the VAT has been paid already by the first owner/buyer. Who says the new buyer has to pay again VAT?
And this is the reason why European Union by low makes clear that second hand goods buyers within the EU countries do not pay VAT. I just disregard the code number of this partcular law. Just go to a EU official representative and ask for an abstract to show to the customs when the machine arrives.
Last edited by asto; 07-10-2013 at 04:29 PM.
07-10-2013 #17This is a realy old machine and the VAT has been paid already by the first owner/buyer. Who says the new buyer has to pay again VAT?
If you are not vat registered then you do pay vat again. Just because something is old it doesn't make it VAT exempt. If I bought a Picasso I'd have to pay vat and that would be a lot older than a modern milling machine. If I was VAT registered then I could claim the VAT back.
Take a look on e b a y UK a lot of the bigger lathes on there are second hand but the prices are quoted at plus VAT.
Last edited by Nemo1966; 07-10-2013 at 05:54 PM.
Asto, I'm very well aware of how VAT works, I was just highlighting that VAT and import duties aren't unique to the UK.
I'd please like to know if you still have the Triac as I'd like to buy it from you.
I'm planning on doing a Mach3/Linux CNC conversion
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