Question for Araf

[wav8]

Hi just a quick question if I was to import wheels from Australia is there a ready reckoner for duty and or VAT thanks in advance wav8

[wav8]

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.

Edited by ARAF on Thursday 13th February 22:46

thanks for the info Araf will pm you over the weekend got some buisness to sort out for my father many thanks.