VAT on new rifles

[spartan7510]

Just out of interest - do new rifles/guns incur VAT? if so is this the standard rate at 20%?

[1967spud]

yes 20%

[MJR]

Surely it depends if the rfd is vat registered?

[1967spud]

very true MJR forgot about that issue but vat will be included if not shown

[Big Al]

Just out of interest - do new rifles/guns incur VAT? if so is this the standard rate at 20%?

 

By 'new' Im assuming you mean a Tikka or Remmy or Beretta when bought from a shop as opposed to a rebarrel or custom job from a small gunsmith?

 

VAT is certainly included in the price of a new gun from a retailer regardless of whether it is shown or not, that would depend on if the retailer was VAT registered.

[1967spud]

if the annual sales for the shop/smith/retailer are over 86k in any 12 month period (i think its that figure) they have to be VAT registered

[SWShooter]

If you , the buyer are VAT registered and use your rifle/kit for your business you can only reclaim the VAT if you buy your rifles/kit from a VAT registered dealer ie a VAT invoice is issued at the time of purchase.