A completed and processed NOVA will provide you formal proof that all duties & taxes are paid in UK and thus allow you to register the vehicle with the DVLA Lastly, there will be a nominal administration fee of £250 for processing the NOVA application, and payable direct to the shipping company. If the car is subsequently exported abroad within 30 days then these fees are refundable.Ī company buying the car will have to pay VAT on the hammer price, as well as duty + VAT. The winning bidder will receive a receipt for the final hammer value, and proof that HMRC fees are paid. For example, if the car sells for £7,000, then £350 is added, making the total amount payable of £7,350. The 5% is calculated on the final selling price. It has been imported under the Bonhams temporary admission customs bond and is therefore subject to the lower rate 5% import tax if the car is to remain in the UK & purchased by a private individual. This motor car is being sold as part of an overseas collection.
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