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Thread: Import tax, an answer to everything except what i wanted to know

  1. #1
    Gold Member Marcos's Avatar
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    Import tax, an answer to everything except what i wanted to know

    http://customs.hmrc.gov.uk/channelsP...230#P363_42217

    But how much % is the tax? 10% ??

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    I think you need to calculate what's owed so there is no set rate

    Eye popping good!
    There was a funny quote here

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    Studmuffin Flibb's Avatar
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    http://customs.hmrc.gov.uk/channelsP...yType=document


    What you pay varies depending on the type of goods

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    Gold Member Marcos's Avatar
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    So roughly 17.5%?

    surprised they havent simply created an online-calculator, cheap b*&%$#ds

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    Studmuffin Flibb's Avatar
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    you pay
    duty of around 5%, some goods more, sone less.
    VAT at 17.5%
    possible collection charhe, commonly £10


    an example of the oddness of the duty charges is that a 35mm slr camera has 4.9% duty, but a digital SLR has none.

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    Goron goron Kumagoro's Avatar
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    I bought a watch paid 17.5 % Vat and paid more for handling fees.
    Parcel force conned me out of £13.50, it said £4 when i read their website.

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    Quote Originally Posted by Marcos View Post
    So roughly 17.5%?

    surprised they havent simply created an online-calculator, cheap b*&%$#ds
    There is no simple online calculator because it is not a simple matter. There is a book that defines the commodity codes which determine the relevant rate of tax, and it is several hundred pages long, with literally tens of thousands of codes. For instance, the code (and potentially the rate) that applies to a handbag depends on what it is made of.

    Import duty itself varies from 0% on some items, to 70% or more on others, with a large spread in-between, but there are also procedures that apply to small value imports. If you assume 4% import duty on the value of the goods (including shipping, insurance, etc) and than add 17.5% VAT to that figure, you'll be pretty close, though you may also have tp pay a handling fee to the courier for dealing with all this, which can be £10-£15. But, short of getting specific advice from Customs based on the detail of the import, there is no way to be sure what you'll pay until the goods arrive and get assessed ..... or slip through with no charge at all.

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