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Article: VAT -- Expansion of the personal export scheme; New position.
- Article from:
- M2 Presswire
- Article date:
- February 22, 2000
CopyrightCOPYRIGHT 2000 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-22 February 2000-UK GOVERNMENT: VAT -- Expansion of the personal export scheme; New position (C)1994-2000 M2 COMMUNICATIONS LTD
RDATE:22022000
Used cars bought in the UK by overseas visitors (non-EC) for personal export out of the EC may with effect from 1 April 2000 be sold to the overseas visitor VAT free (subject to the conditions of the Personal Export Scheme (PES)). The change will affect a small number of businesses selling high value second-hand cars for personal export from the European Community. Prior to this change the scheme applied only to new cars, but following representations from business that restriction has been ...