Quizzes & Puzzles14 mins ago
Buying Clothing Online From Canada
2 Answers
i have found some fab t shirts online. It will cost $40 including postage to ship from Canada to UK, however in the FAQ it discusses import tax. Anyone able to tell me how much i would have to pay on this amount and do you always get charged import tax.
In the FAQ it states - Items are marked at $10 so import taxes should be minimal
thanks
:-)
In the FAQ it states - Items are marked at $10 so import taxes should be minimal
thanks
:-)
Answers
Best Answer
No best answer has yet been selected by minnie76. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.>>>In the FAQ it states - Items are marked at $10 so import taxes should be minimal
. . .unless the postal inspectors realise that the CN22 customs declaration form has the wrong value on it. If they do, the T-shirts could well be confiscated and you could be prosecuted for attempting to evade taxes.
There's no Excise Duty on T-shirts and there's no Customs Duty on postal imports valued at less than £135. So that just leaves VAT. If the postal inspectors are satisfied that the $10 value is genuine you might get away without paying VAT (since it doesn't apply to goods valued at less than £15). If there's no Excise Duty, no Customs Duty and no VAT you don't have to pay the postal examination charge.
However if we assume that it's recognised that the true value of goods is greater than £15 (and you don't get the goods confiscated), you'll be charged VAT at 20% on the cost of the goods AND on the cost of the carriage. So you'll be charged the equivalent of 8 Canadian dollars, which is currently £4.85. But you'd then have to pay the postal examination fee as well, which is £8. So you'd have to pay about £13 to receive your package.
Chris
. . .unless the postal inspectors realise that the CN22 customs declaration form has the wrong value on it. If they do, the T-shirts could well be confiscated and you could be prosecuted for attempting to evade taxes.
There's no Excise Duty on T-shirts and there's no Customs Duty on postal imports valued at less than £135. So that just leaves VAT. If the postal inspectors are satisfied that the $10 value is genuine you might get away without paying VAT (since it doesn't apply to goods valued at less than £15). If there's no Excise Duty, no Customs Duty and no VAT you don't have to pay the postal examination charge.
However if we assume that it's recognised that the true value of goods is greater than £15 (and you don't get the goods confiscated), you'll be charged VAT at 20% on the cost of the goods AND on the cost of the carriage. So you'll be charged the equivalent of 8 Canadian dollars, which is currently £4.85. But you'd then have to pay the postal examination fee as well, which is £8. So you'd have to pay about £13 to receive your package.
Chris
-- answer removed --
Related Questions
Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.