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Import Tax-How much?

Discussion in 'General Chat' started by madcyril, Aug 4, 2005.

  1. madcyril

    madcyril
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    I'm looking at purchasing some motorcycle parts of a US Ebay store for around £370.I usually have stuff I buy delivered to a friend who owns a property over there but this package may be a little large for them to bring home.The seller will deliver to the UK but I'm concerned about the added tax.Is there an easy way to work out the approximate cost.If I'm gonna get a**e slapped I may be better buying the parts here.

    Cheers for any info.
     
  2. juniper

    juniper
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    Usually you have to pay duty first, at 4.5%, and then 17.5% on the total including the 4.5%. This is the way it is for electrical equipment anyway. I'd therefore say (if my skoolboy maths doesn't fail me) that that would be £454 in total. That's unless you don't tell them that is ;)
     
  3. madcyril

    madcyril
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    A quick reply,cheers. :thumbsup:

    Does the size and weight of the package not come into play.

    I wont be telliing anyone but as the courier would be UPS wont they be charged and they then pass the cost on to me upon delivery.
     
  4. LV426

    LV426
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    The bit that varies is the duty (the 4.5% in the above example). Can't tell you what it is, on bike parts. Check with HM C&E. Oh, and taxes are charged on the full package value INCLUDING any local taxes paid (in the US) AND shipping, handling, insurance (i.e. all of what you paid for it).
     
  5. madcyril

    madcyril
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    With the exchange rate £370 is the approx price delivered to my door.I had a look Customs and Excise site but to be honest got lost within the so-called 'methods' and I have sent UPS an email but as of yet received no reply.I was hoping someone had had some experience with this.
     
  6. LV426

    LV426
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    OK. The method is pretty easy. It's the specifics of the numbers (marked *) that are harder.

    1: Take the CIF Value of the package. That's Cost, Insurance, Freight.
    2: Convert to GBP at today's notional rate *.
    3: Calculate duty at the relevant rate *.
    4: Calculate VAT at 17.5% on the total of CIF + Duty.
    5: Add VAT (from 4) to Duty (from 3), and add the courier's handling fee for the taxes. That gives you the total due.

    For an approximation, duty on most things is around 5% (but there are amounts up to 40%, so you should check). And the exchange rate is around USD1.75: GBP1.
     
  7. Nick_UK

    Nick_UK
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    Ring Customs & Excise. They are extremely helpful.
     

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