Buying from Abroad
Posted: Fri Sep 18, 2015 11:58 am
One of the problems we UK-based (and I assume also EU-based) collectors face are the taxes and duties levied on goods coming in from abroad:
We pay Value Added Tax (VAT, a point-of-sale tax) at 20% on goods sent from non-European Union (EU) countries and EU special territories (e.g. the Canary Islands) if they’re:
- gifts worth more than £36
- other goods worth more than £15
Furthermore, this VAT is charged on the total value, including:
- the price paid for the goods
- postage, packaging and insurance
- any duty owed (see below)
In addition, we’re charged Customs Duty on gifts and other goods sent from outside the EU if they’re above a certain value, unless the duty comes to less than £9.
The value includes:
- the price paid for the goods
- postage, packaging and insurance .
Charges are:
- Below £135, no charge
- Between £136 and £630, 2.5%,
- Above £630, the Inland Revenue table says call the Helpline!
As if that weren’t bad enough, any parcel assessed as being liable for Customs charges also incurs a Royal Mail handling fee of £8.
How does this compare with other parts of the World?
We pay Value Added Tax (VAT, a point-of-sale tax) at 20% on goods sent from non-European Union (EU) countries and EU special territories (e.g. the Canary Islands) if they’re:
- gifts worth more than £36
- other goods worth more than £15
Furthermore, this VAT is charged on the total value, including:
- the price paid for the goods
- postage, packaging and insurance
- any duty owed (see below)
In addition, we’re charged Customs Duty on gifts and other goods sent from outside the EU if they’re above a certain value, unless the duty comes to less than £9.
The value includes:
- the price paid for the goods
- postage, packaging and insurance .
Charges are:
- Below £135, no charge
- Between £136 and £630, 2.5%,
- Above £630, the Inland Revenue table says call the Helpline!
As if that weren’t bad enough, any parcel assessed as being liable for Customs charges also incurs a Royal Mail handling fee of £8.
How does this compare with other parts of the World?