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Topic
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I saw this table on the internet and thought it
might be of use to those importing from ebay
US auctions etc. With the ££ getting stronger
against the 2468809 and acording to some it could
soon hit the £1 = mark, all those
Custom shop Gibsons look a very good proposition.
Anyone else care to post the equivelent for their country?Example of Import Duty and VAT calculation
The £ sign indicates UK Pounds
(sometimes written as GBP – Great Britain Pounds)
…………………………………………………………………..£…………….£
………………………………………………………………………………….Tax
…………………………………..Value of goods say:..100.00
Shipping and insurance costs to the UK, say:……15.00
Total value for Import Duty:………………………….115.00
Import Duty payable at say 5% on £115.00:………5.75…….5.75
Base value for Value Added Tax (VAT):……………120.75
VAT on £120.75 @ 17.5%:……………………………..21.13……21.13
_______________________________________________________
…………………………………………………………………141.88……26.88On top of this you have the courier handling
charge, Post office (Royal Mail) charge £4 per
Item, Parcelforce Charges start at £8 per item
and go up to £13.50 for items over 1,000 euros.
The handling fee covers the cost of the agent
picking up the goods from the customs warehouse,
and also the cost of collecting the govt duty.
So your £100 + £15 p+p bargain from ebay,
finally costs you £149.88!
Oh and you do have an allowance, i think it’s
£18, so you wont pay tax the first £18 of the
purchase+shipping costs.The most upto date info can be found here:
http://www.sloanefox.freeserve.co.uk/importukduty.htm
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