Question for Araf
Discussion
Yes. Duty is due on the goods and non-EC freight. VAT is due on the goods, all freight and clearance charges, and also on the duty.
Duty on alloy wheels (8708 7050 10) is at 4.5%
Therefore, if your wheels are £1000, the freight to the UK is £500, and the UK charges are £250
then value for duty is £1000 + £500 = £1500 and duty at 4.5% is £67.50
Value for VAT is £1000 + £500 + £250 + £67.50 = £1817.50 and VAT at 20% = £363.50
Your £1000 wheels will therefore cost you £2181.
Guessing your next questions, the February Customs rate of exchange for the Aussie Dollar is 1.872/£ and for the US Dollar is 1.6584/£
If you need more specific information, then feel free to PM me.
Duty on alloy wheels (8708 7050 10) is at 4.5%
Therefore, if your wheels are £1000, the freight to the UK is £500, and the UK charges are £250
then value for duty is £1000 + £500 = £1500 and duty at 4.5% is £67.50
Value for VAT is £1000 + £500 + £250 + £67.50 = £1817.50 and VAT at 20% = £363.50
Your £1000 wheels will therefore cost you £2181.
Guessing your next questions, the February Customs rate of exchange for the Aussie Dollar is 1.872/£ and for the US Dollar is 1.6584/£
If you need more specific information, then feel free to PM me.
Edited by ARAF on Thursday 13th February 22:46
ARAF said:
Yes. Duty is due on the goods and non-EC freight. VAT is due on the goods, all freight and clearance charges, and also on the duty.
Duty on alloy wheels (8708 7050 10) is at 4.5%
Therefore, if your wheels are £1000, the freight to the UK is £500, and the UK charges are £250
then value for duty is £1000 + £500 = £1500 and duty at 4.5% is £67.50
Value for VAT is £1000 + £500 + £250 + £67.50 = £1817.50 and VAT at 20% = £363.50
Your £1000 wheels will therefore cost you £2181.
Guessing your next questions, the February Customs rate of exchange for the Aussie Dollar is 1.872/£ and for the US Dollar is 1.6584/£
If you need more specific information, then feel free to PM me.
Christ it sounds cheaper to fly out there and pick them up yourself and hand lugagge them back... Duty on alloy wheels (8708 7050 10) is at 4.5%
Therefore, if your wheels are £1000, the freight to the UK is £500, and the UK charges are £250
then value for duty is £1000 + £500 = £1500 and duty at 4.5% is £67.50
Value for VAT is £1000 + £500 + £250 + £67.50 = £1817.50 and VAT at 20% = £363.50
Your £1000 wheels will therefore cost you £2181.
Guessing your next questions, the February Customs rate of exchange for the Aussie Dollar is 1.872/£ and for the US Dollar is 1.6584/£
If you need more specific information, then feel free to PM me.
Edited by ARAF on Thursday 13th February 22:46
pay the extra weight duties
DaciaBumdart said:
whats the cheapest country in the EU for VAT and Duty on imports?
Duty rates are the same throughout the world. As for the cheapest country for VAT, it must be the Channel Islands, as they don't pay any - however low value consignment relief was stopped in 2012, so you'll have to pay the VAT when the goods arrive in the UK. Luxembourg has a 15% rate, that would stop you having to pay it again in the UK, but the additional shipping would cost you more than you would save.ARAF said:
Yes. Duty is due on the goods and non-EC freight. VAT is due on the goods, all freight and clearance charges, and also on the duty.
Duty on alloy wheels (8708 7050 10) is at 4.5%
Therefore, if your wheels are £1000, the freight to the UK is £500, and the UK charges are £250
then value for duty is £1000 + £500 = £1500 and duty at 4.5% is £67.50
Value for VAT is £1000 + £500 + £250 + £67.50 = £1817.50 and VAT at 20% = £363.50
Your £1000 wheels will therefore cost you £2181.
Guessing your next questions, the February Customs rate of exchange for the Aussie Dollar is 1.872/£ and for the US Dollar is 1.6584/£
If you need more specific information, then feel free to PM me.
thanks for the info Araf will pm you over the weekend got some buisness to sort out for my father many thanks.Duty on alloy wheels (8708 7050 10) is at 4.5%
Therefore, if your wheels are £1000, the freight to the UK is £500, and the UK charges are £250
then value for duty is £1000 + £500 = £1500 and duty at 4.5% is £67.50
Value for VAT is £1000 + £500 + £250 + £67.50 = £1817.50 and VAT at 20% = £363.50
Your £1000 wheels will therefore cost you £2181.
Guessing your next questions, the February Customs rate of exchange for the Aussie Dollar is 1.872/£ and for the US Dollar is 1.6584/£
If you need more specific information, then feel free to PM me.
Edited by ARAF on Thursday 13th February 22:46
rix said:
ARAF said:
Duty rates are the same throughout the world.
Not quite, Anti-dumping duty applies on certain goods from certain countries!rich24v said:
Is there a time limit for customs to raise charges for something already received from
outside the EU ?
No. However, parcel companies will pay charges when the goods are imported, and will want to recoup that money as soon as possible. If you haven't been billed within a couple of weeks of the goods arriving, then chances are you won't be. outside the EU ?
Gassing Station | HSV & Monaro | Top of Page | What's New | My Stuff