Riddle me this:
I export a car temporarily to Poland, where work is done, the car is then returned/imported back into the UK.
Due to the work done on the car it's going to be worth more when re-imported.
To keep it easy, a 10k car leaves, then a 20k car comes back.
Do I pay duty and VAT on the 10k that the car has gained on it's return?
Are you exporting something if you're bringing it back?
If you drive a car to another country and it stays there a while they don't know its value has increased when you drive it back. Unless of course, you ship it and declare values I guess.
@hippy started
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Riddle me this:
I export a car temporarily to Poland, where work is done, the car is then returned/imported back into the UK.
Due to the work done on the car it's going to be worth more when re-imported.
To keep it easy, a 10k car leaves, then a 20k car comes back.
Do I pay duty and VAT on the 10k that the car has gained on it's return?