Crosswords2 mins ago
Import Duty/VAT
2 Answers
Can anyone tell me how much duty/VAT would be incurred in importing electronics from Hong Kong/China if the value of the goods does not exceed £100. Any help would be appreciated.
Answers
Best Answer
No best answer has yet been selected by MaryDou. 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.I believe the import duty is zero on electronic items costing below £135.00. But remember that HMRC add what an item costs to what was paid for postage and insurance, (if any), to arrive at their valuation for an item. VAT is 20%. Royal Mail or UPS will act as your agents to obtain customs clearance, and if so, you'll have to cough up between £8.00 and £11.00 on delivery for the service they've provided.
This may help.
http:// www.dut ycalcul ...-and -tax-ca lculati on/
http://