Well a day doesn't seem to go by without this question being asked. I reckon the following details should be stickied up and placed in the Q&A board.
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Duty and VAT must be paid on all items with a declared value over a set limit will be taxed.
For merchandise the limit is ?18
For items marked as gift it's ?35
To work out how much you will have to pay please follow the steps below:
[NB: Purchase Price Abroad (PPA) = cost (inc. any local Sales Taxes) + postage, packing and/or freight + insurance]
1. Look up the item?s Duty Rate % and VAT %.
2. Multiply the Purchase Price Abroad (PPA) by the Duty Rate %. This gives you the amount of Duty to be paid. Call this AMOUNT A.
3. Add AMOUNT A to the PPA and multiply the result by the VAT %. This will give you the amount of VAT to be paid. Call this AMOUNT B.
4. Add AMOUNTS A & B together and that will be how much you have to pay.
For example:
You have to pay duty & VAT on some Compact Discs. The total cost of these CDs was ?100 sterling. Following the steps above:
1. The Duty Rate is 3.5% and VAT is 17.5%.
2. ?100 x 3.5% = ?3.50. This is AMOUNT A.
3. ?100 + ?3.50 = ?103.50 x 17.5% = ?18.11. This is AMOUNT B.
4. ?3.50 + ?18.11 = ?21.61.
You would pay a total of ?21.61.
The duty rate for games is the same as CD's- 3.5%.
For the duty rate of other items check here and download the PDF with all the rates.
On top of that amount you will have to pay an admin fee. This is dressed up as many different things but amount to the same thing- the postal agents fees for getting it through customs in the 1st place. The cost varies from each agent:
Royal Mail charge ?4
Parcel Force charge ?8
Parcel Force with EMS ?13.50
UPS charge ?11
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If people can add the admin charges that the likes of TNT, UPS etc charge then that would be great.
-------------------------------------------------------
Duty and VAT must be paid on all items with a declared value over a set limit will be taxed.
For merchandise the limit is ?18
For items marked as gift it's ?35
To work out how much you will have to pay please follow the steps below:
[NB: Purchase Price Abroad (PPA) = cost (inc. any local Sales Taxes) + postage, packing and/or freight + insurance]
1. Look up the item?s Duty Rate % and VAT %.
2. Multiply the Purchase Price Abroad (PPA) by the Duty Rate %. This gives you the amount of Duty to be paid. Call this AMOUNT A.
3. Add AMOUNT A to the PPA and multiply the result by the VAT %. This will give you the amount of VAT to be paid. Call this AMOUNT B.
4. Add AMOUNTS A & B together and that will be how much you have to pay.
For example:
You have to pay duty & VAT on some Compact Discs. The total cost of these CDs was ?100 sterling. Following the steps above:
1. The Duty Rate is 3.5% and VAT is 17.5%.
2. ?100 x 3.5% = ?3.50. This is AMOUNT A.
3. ?100 + ?3.50 = ?103.50 x 17.5% = ?18.11. This is AMOUNT B.
4. ?3.50 + ?18.11 = ?21.61.
You would pay a total of ?21.61.
The duty rate for games is the same as CD's- 3.5%.
For the duty rate of other items check here and download the PDF with all the rates.
On top of that amount you will have to pay an admin fee. This is dressed up as many different things but amount to the same thing- the postal agents fees for getting it through customs in the 1st place. The cost varies from each agent:
Royal Mail charge ?4
Parcel Force charge ?8
Parcel Force with EMS ?13.50
UPS charge ?11
-------------------------------------
If people can add the admin charges that the likes of TNT, UPS etc charge then that would be great.
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