Property Owned As Tenants In Common
Law0 min ago
Watches With Secret Compartments
1 Answers
Where can i buy one from? No i'm not up to anything dodgy it's just a male friend is into his james bond gadgets and this would make an ideal x-mas prezzie for him. The one's i've see are from the us, how much would shipping be and would there be any expensive hidden taxes or charges?
Tia!
Tia!
Answers
Only 1 answer
Best Answer
No best answer has yet been selected by Henrietta. 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.
The shipping costs should be shown on the relevant website.
Import taxes and charges are calculated as follows:
1. Excise Duty = Zero (because alcohol and tobacco aren't involved).
2. Customs Duty (at the 'jewellery' rate) = 2.5% of the cost of the watch BUT it's waived if the total comes to less than £9 (i.e. if the watch costs less than the equivalent of £360).
3. Import VAT = 20% of the TOTAL of the cost of the item + the cost of shipping + the Customs Duty (if any). It's only waived if the cost of the item is less than the equivalent of £15.
4. Royal Mail inspection Fee = £8 (which is only waived if all of the above fees are zero).
So, for example, a watch costing the equivalent of £90 + £10 shipping would attract charges as follows:
Excise Duty = £0
Customs Duty = 2.5% of £90 but that comes to less than £9, so it's waived.
Import VAT = 20% of (£90 + £10 + £0) = £20
Royal Mail fee = £8
TOTAL = £28.
Import taxes and charges are calculated as follows:
1. Excise Duty = Zero (because alcohol and tobacco aren't involved).
2. Customs Duty (at the 'jewellery' rate) = 2.5% of the cost of the watch BUT it's waived if the total comes to less than £9 (i.e. if the watch costs less than the equivalent of £360).
3. Import VAT = 20% of the TOTAL of the cost of the item + the cost of shipping + the Customs Duty (if any). It's only waived if the cost of the item is less than the equivalent of £15.
4. Royal Mail inspection Fee = £8 (which is only waived if all of the above fees are zero).
So, for example, a watch costing the equivalent of £90 + £10 shipping would attract charges as follows:
Excise Duty = £0
Customs Duty = 2.5% of £90 but that comes to less than £9, so it's waived.
Import VAT = 20% of (£90 + £10 + £0) = £20
Royal Mail fee = £8
TOTAL = £28.
Only 1 answer
