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theomegaaddict · 12 August 2018, 09:51 PM

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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ukms · 12 August 2018, 10:00 PM

Quote:

Originally Posted by theomegaaddict

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?

Sent from my LG-H870DS using Tapatalk

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.

sahcivan · 13 August 2018, 04:22 PM

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.

korneevy · 13 August 2018, 04:36 PM

Most EU-based greys wont bother with VAT refund.

watchbowl · 13 August 2018, 06:48 PM

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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joli160 · 13 August 2018, 09:56 PM

Quote:

Originally Posted by sahcivan

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

Tomas Eriksson · 13 August 2018, 10:03 PM

Quote:

Originally Posted by korneevy

Most EU-based greys wont bother with VAT refund.

Most can't as they buy and re-resell already VAT-declared merchandise.

MonBK · 13 August 2018, 10:06 PM

Quote:

Originally Posted by Simon040289

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. ^

SC11 · 13 August 2018, 11:50 PM

Quote:

Originally Posted by MonBK

That is correct. ^

And goods imported new or used outside of the EU

Jocke · 14 August 2018, 12:12 AM

First grey dealer and the VAT refund, where will it end? You want both the watch and the money.

12 August 2018, 09:51 PM	#1
theomegaaddict "TRF" Member Join Date: Apr 2015 Location: Dubai Posts: 98	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? Sent from my LG-H870DS using Tapatalk

14 August 2018, 12:12 AM	#10
Jocke 2024 SubLV41 Pledge Member Join Date: Apr 2006 Real Name: Jocke Location: Sweden Watch: A dozen of Rolex's Posts: 22,541	First grey dealer and the VAT refund, where will it end? You want both the watch and the money. __________________ This message is written in perfect swenglish. What is best a custom Rolex or a Rolex that is stuck in custom? Buy a professional camera and you´re a professional photographer, buy a flute and you own a flute.

13 August 2018, 04:22 PM	#3
sahcivan Banned Join Date: Jan 2016 Location: UK Watch: ing you watch me Posts: 636	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.

13 August 2018, 04:36 PM	#4
korneevy "TRF" Member Join Date: Jun 2013 Real Name: Yev Location: SG/GVA/NYC/MEL -> Watch: AP, VC, RLX, BP Posts: 171	Most EU-based greys wont bother with VAT refund.

13 August 2018, 06:48 PM	#5
watchbowl "TRF" Member Join Date: Oct 2015 Location: U.K. Posts: 469	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 Sent from my iPhone using Tapatalk

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