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How does payment of VAT/tax work in the UK on a watch imported from US?
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rootbeer7
·Simply put, you will be charged 20% vat on price of item plus shipping and import tax. To cover yourself add 30% on top of all items bought abroad. Basically, change Dollar to sign to GBP and depending on exchange adjust slightly!!
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JimInOz
··Melbourne AustraliaWorld has gone tax mad.
I've bought over a hundred watches from all over the world and rarely paid tax. Maybe some 10% GST claimed by eBay, but that was it, and not all the time.
ATM it seems that every side of the sale wants a bite.
I've bought over a hundred watches from all over the world and rarely paid tax. Maybe some 10% GST claimed by eBay, but that was it, and not all the time.
ATM it seems that every side of the sale wants a bite.
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hansaboy
·In the Netherlands the courier/postal service collects the VAT and importduties on behalf of customs, I would imagine the same happen in UK.
Did you read this already:
https://www.gov.uk/goods-sent-from-abroad/tax-and-duty
Roughly 25%…
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EvelynEmma
·This was explained to me when sending a package to the UK. Lets say the parcel item was valued at £1,000 that was the sale price - I received £1,000 from the UK buyer.I had to pay the VAT before the courier would accept it.
Example numbers:
So instead of paying 20 % VAT on top of the sale value - say £1,000 x 20% = £200 VAT to pay. I said the sale value of £1,000 includes the VAT that I was required to pay.
So I paid £167 VAT. The value of the watch of £833 + £167 VAT @ 20 % = £1,000 purchase/sale price.
That was explained to me when sending the package. The VAT was included in the £1,000 and was not calculated on top of the £1,000 - if that makes sense.
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Giannaandrad
·I usually get a payment notice from the courier before delivery, covering 20% VAT plus a handling fee, then they release the package.
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tikkathree
·I usually get a payment notice from the courier before delivery, covering 20% VAT plus a handling fee, then they release the package.
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Giannaandrad
·I paid the VAT and handling fee to Royal Mail before delivery. If you're planning regular imports, UK company formation for non residents helped me set up a local business address, making customs simpler. Worth considering.
