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Old 12 August 2018, 09:51 PM   #1
theomegaaddict
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Getting VAT back from a gray seller

Hello

I will be traveling in UK and EU this month.

I'm interested in getting a new BLNR. See the prices in Chrono they are close to what SRP is in Dubai.

However if I was able to claim back some of the VAT it would ve quite competitive.

Does anyone know if this is possible as it is not a straight boutique purchase?

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Old 12 August 2018, 10:00 PM   #2
ukms
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Quote:
Originally Posted by theomegaaddict View Post
Hello

I will be traveling in UK and EU this month.

I'm interested in getting a new BLNR. See the prices in Chrono they are close to what SRP is in Dubai.

However if I was able to claim back some of the VAT it would ve quite competitive.

Does anyone know if this is possible as it is not a straight boutique purchase?

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Firstly depends if the seller is VAT registered and secondly if they participate in a refund scheme which I’d doubt for many grey market sellers.
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Old 13 August 2018, 04:22 PM   #3
sahcivan
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I doubt they will charge VAT in the first place

If they do, it will a VAT on a margin scheme. So they will only pay VAT on their profit.
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Old 13 August 2018, 09:56 PM   #4
joli160
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Quote:
Originally Posted by sahcivan View Post

If they do, it will a VAT on a margin scheme. So they will only pay VAT on their profit.
Yes and this also means no tax refund
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Old 13 August 2018, 04:36 PM   #5
korneevy
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Most EU-based greys wont bother with VAT refund.
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Old 13 August 2018, 10:03 PM   #6
Tomas Eriksson
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Quote:
Originally Posted by korneevy View Post
Most EU-based greys wont bother with VAT refund.
Most can't as they buy and re-resell already VAT-declared merchandise.
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Old 13 August 2018, 06:48 PM   #7
watchbowl
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Isn’t VAT only applicable on new goods? Watches from grey dealers are technically preowned since they aren’t an official distributor?

Whenever I have purchased from a grey there has been 0 VAT


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Old 13 August 2018, 10:06 PM   #8
MonBK
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Originally Posted by Simon040289 View Post
Isn’t VAT only applicable on new goods? Watches from grey dealers are technically preowned since they aren’t an official distributor?

Whenever I have purchased from a grey there has been 0 VAT


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That is correct. ^
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Old 13 August 2018, 11:50 PM   #9
SC11
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That is correct. ^
And goods imported new or used outside of the EU
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Old 14 August 2018, 12:12 AM   #10
Jocke
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First grey dealer and the VAT refund, where will it end? You want both the watch and the money.
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