Hello again from the team at shipoverseas.com. We continue to stand for being a go-to resource in the space of shipping vehicles overseas. Over the past 34 years of our overseas car shipping experience we have found it vital to keep our clients up to date on all trends related to the process of overseas shipping. There are components to consider when shipping classic cars as well as new cars to Europe. Particularly within shipping cars overseas to Germany, Netherlands, Belgium, France and the UK. Let’s explore the shifts within the VAT Taxes heading our way in 2019. Below you’ll find some vital information about how these tax shifts will affect shipping vehicles overseas.
There are vital updates being made that will change the VAT tax law in the Netherlands. On January 1, 2019, imports of classic cars (30 years old or more) will be subject to a VAT rate of 9%, this rate is up from the previous rate of 6%. Vehicles newer than 30 years old will continue to be taxed at 21%.
This means it’s an important time to make an educated decision regarding your importing location. Let’s set you up for success when shipping your classic car to Europe. Below, you’ll find an overview that offers the most current VAT rates for both classic cars and new cars based on popular shipping destinations in Western Europe:
2019 VAT Rates:
Classic & New Cars
Country: Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Classic Cars: Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â New Cars:
Germany                            7%                                         19%
Netherlands            9%                                         21%
Belgium                6%                                         21%
France                 5.5%                    20%
UKÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 5%Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 20%Â Â Â Â Â Â Â
Next, let’s explore how the VAT taxes charged vary for classic cars as well as new cars with a $10,000 value. These statistics are based on shipping vehicles overseas to the top 5 countries in Western Europe.
2019 VAT Rates:
Classic & New Cars: Based on $10,000 Value
Country: Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Classic Cars: Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â New Cars:
Germany                            $700                                     $1,900
Netherlands            $900                                      $2,100
Belgium                              $600                                      $2,100
France                                 $550                                      $2,200
UKÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â $500Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â $2,000
What you’ll find from this VAT tax data is that shipping vehicles overseas to France or the UK would offer the least expensive tax rate options. Ship Overseas Inc. is interested in providing you with all the details to support your overseas shipping journey. We have proven relationships to support your importing process while shipping vehicles overseas to Europe. We can offer you support with end to end overseas shipping services.
Thank you once again for joining us while we share some important information about the overseas car shipping process. Shipoverseas.com is your resource for international car shipping. We are equipped to ship cars to Europe, Africa, Latin America and The Middle East. With our 34 years of industry expertise you can trust that we deliver! Ready for an International car shipping quote, visit our website and let our team serve you https://www.shipoverseas.com/