- VAT-Free Vehicle Purchases: The Personal Export Scheme allows eligible individuals to purchase vehicles in the UK VAT-free, provided they intend to export the vehicle and comply with specific conditions, such as taking delivery personally and ensuring export within designated timeframes.
- Requirements for Compliance: Sellers must ensure that customers understand the scheme’s conditions, complete the VAT410 form accurately, and keep comprehensive records of the transaction, including delivery certificates and relevant documentation for registration and licensing.
- Consequences of Non-Compliance: Failure to adhere to the scheme’s requirements may result in VAT becoming payable, and sellers must inform the Personal Transport Unit (PTU) of any changes in circumstances regarding the vehicle’s export status.
Source gov.uk
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