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HMRC internal manual


HM Revenue & Customs
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Valuation for import VAT: exceptions to the normal rules: re-imports: re-imported motor cars and works of art

Motor cars

Re-imported motorcars are taxable at the standard rate unless they qualify for returned goods relief or are eligible for the reduced valuation as collectors’ pieces of historical interest (see Chapter heading 97.05 of the Tariff).

Works of art

Subject to the conditions set out in paragraph 3.5 of Notice 702 VAT: Imports, re-imported works of art, as defined in section 3 of that Notice are likely to be eligible for the reduced valuation. Details of how to calculate the reduced valuation are set out in paragraph 3.4 of the same Notice.