LATEST NEWS FOR OUR EUROPEAN FRIENDS AND CUSTOMERS

WE WOULD LIKE TO OFFER OUR SERVICES TO ALL OUR EUROPEAN FRIENDS. IF YOU WISH TO SELL YOUR CLASSIC CAR WITHIN EUROPE, WE FEEL WE CAN ASSIST WITH THE SALE OF YOUR CLASSIC CAR, AS WE HAVE RETAINED OUR EUROPEAN CLIENTAL THROUGHOUT EUROPE.

THE SALE CAN BE EITHER WITHIN EUROPE OR IF YOUR CAR IS RIGHT HAND DRIVE, WE STILL HAVE A STRONG FAR EAST CUSTOMER BASE, SO AN EASY SMOOTH SALE PROCESS CAN BE OFFERED. 

PLEASE CONTACT MIKE OR JAV ABBAS FOR ANY HELP YOU REQUIRE.

 

 

LATEST NEWS UK => EUROPEAN EXPORT RULING TO ASSIST EACH INDIVIDUALS' NEEDS!

Classic Cars are eligible for the preferential VAT reduced rates so long as they meet various criteria and follow current guidance. This includes transportation from the UK to our fellow European friends, and we are happy to assist from start to finish to bring an ease to the whole process.
Rules of Origin - goods we ( Mike Abbas Classic Cars ) export to the EU originate in Great Britain
Goods Vehicle Movement Service (GVMS) - From 1 January 2022, hauliers must be registered for the Goods Vehicle Movement Service (GVMS) to move any goods between GB and the EU. Mike Abbas Classic Car Transport hauliers we are associated to comply with GVMS.
Commodity Codes - are used worldwide to classify goods that are imported and exported:
Under the 9705 Commodity Code Rules - 
Works of art, collectors' pieces, antiques or vehicles of historical interest fall under the classic car rate for most countries.
The possible depiction on each countries ruling depends if the vehicle in question is rare and could be included in a historic motoring collection. Also, vehicles tend to pass the threshold ruling include cars which were built before 1990 and are no longer being built, basically over 30 years old.

Country

Reduced VAT Rate (%)

Standard VAT Rate (%)

Austria (AT)

10 / 13

20

Belgium (BE)

6 / 12

21

Bulgaria (BG)

9

20

Croatia (HR)

5 / 13

25

Cyprus (CY)

5 / 9

19

Czech Republic (CZ)

10 / 15

21

Denmark (DK)

25

Estonia (EE)

9

20

Finland (FI)

10 / 14

24

France (FR)

5.5 / 10

20

Germany (DE)

7

19

Greece (GR)

6 / 13

24

Hungary (HU)

5 / 18

27

Ireland (IE)*

9 / 13.5

21

Italy (IT)

5 / 10

22

Latvia (LV)

5 / 12

21

Lithuania (LT)

5 / 9

21

Luxembourg (LU)

8

17

Malta (MT)

5 / 7

18

Netherlands (NL)

9

21

Poland (PL)

5 / 8

23

Portugal (PT)

6 / 13

23

Romania (RO)

5 / 9

19

Slovakia (SK)

10

20

Slovenia (SI)

5 / 9.5

22

Spain (ES)

10

22

Sweden (SE)

6 / 12

25

United Kingdom (GB)

5

20

 

Current VAT Rates in European Union Member States and the United Kingdom
*Note* The above information is only guidance and to give an idea of expected VAT rates to be applicable.

IMPORTANT INFORMATION
THERE HAS BEEN SOME SIGNIFICANT CHANGES SINCE THE UNITED KINGDOM HAS LEFT THE EUROPEAN UNION. AFTER SPEAKING WITH VARIOUS FELLOW CLASSIC CAR FRIENDS HERE IN THE UK, AND OF COURSE WITH OUR EUROPEAN FRIENDS, WE HAVE COME TO THE CONCLUSION THERE NEEDS TO BE FLEXIBILITY, ADJUSTMENT AND GENERAL GUIDANCE SO BOTH PARTIES CAN COMMUNICATE AND MOVE FORWARD TOGETHER. IF THIS MEANS, FLEXIBILITY ON COSTS INVOLVED I.E. REDUCED VAT RATES , AS ABOVE OR SIMPLE ADJUSTMENT TO ALLOW OUR FRIENDS A SMOOTH TRANSACTION WITH SALES, THEN NO PROBLEM LETS COMMUNICATE TOGETHER AND MOVE FORWARD AS ONE!