Quizzes & Puzzles0 min ago
Import duty/taxes
Does anyone know if I would be liable for any sort of duty or tax when buying golf clubs and having them shipped to me in the UK from the USA? They would cost about $200 in the States. Cheers.
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For more on marking an answer as the "Best Answer", please visit our FAQ.$200 is roughly �100, so here's how the figures would work out:
The first thing HMRC do is to calculate the import duty payable. The duty on golf clubs is much lower than on most other imports; it's only 2.7%. So that means the duty comes to just �2.70. However, where the duty is less than �7, it's waived. So you won't have to pay anything in respect of duty.
Next, HMRC calculate the VAT. This is 17.5%, so that's �17.50 on your bill.
Lastly, they had on a fee for examining the goods. This is �8.
So, your total bill, in respect of the golf clubs, would be �25.50.
However, HMRC can also charge VAT on the carriage costs, so you need to add on 17.5% of the carriage charges to estimate your final bill.
In general, you can only avoid paying duty and/or VAT on imports from non-EU countries if either:
(i) the goods are exempt from such charges (e.g. books) ; or
(ii) the value of the goods is less than �18. (Below this figure, VAT is waived. If there's no duty or VAT to be paid, the inspection fee is also waived).
Chris
The first thing HMRC do is to calculate the import duty payable. The duty on golf clubs is much lower than on most other imports; it's only 2.7%. So that means the duty comes to just �2.70. However, where the duty is less than �7, it's waived. So you won't have to pay anything in respect of duty.
Next, HMRC calculate the VAT. This is 17.5%, so that's �17.50 on your bill.
Lastly, they had on a fee for examining the goods. This is �8.
So, your total bill, in respect of the golf clubs, would be �25.50.
However, HMRC can also charge VAT on the carriage costs, so you need to add on 17.5% of the carriage charges to estimate your final bill.
In general, you can only avoid paying duty and/or VAT on imports from non-EU countries if either:
(i) the goods are exempt from such charges (e.g. books) ; or
(ii) the value of the goods is less than �18. (Below this figure, VAT is waived. If there's no duty or VAT to be paid, the inspection fee is also waived).
Chris