Donate SIGN UP

Import And Tax Duty

Avatar Image
herbie | 18:27 Thu 28th Aug 2014 | Shopping & Style
2 Answers
I am thinking of buying a handbag on EBay from America the bag will cost approx £140 and the postage will be £35 but they state that I might have to pay duty /tax when it arrives here any idea how much that will be ? It is for personal use. thanks all
Gravatar

Answers

1 to 2 of 2rss feed

Best Answer

No best answer has yet been selected by herbie. 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.
there will be VAT plus an 18 quid handling fee.
Step 1:
Calculate the Customs Duty:
3.7%of £140 = £5.18
However Customs Duty is waived if it comes to less than £9 (or if the value of the goods is less than £135), so you get away with that bit.

Step 2:
Calculate the VAT. It's charged on the value of the goods AND on the carriage costs (although I've known that element to be overlooked sometimes). If there had been any Customs Duty there would also have been VAT on that as well. (Yes, you have to pay tax on a tax!):
20% of £175 = £35

Step 3:
Add on an £8 customs examination fee:
£0 + £35 + £8 = £43 to pay.

1 to 2 of 2rss feed

Do you know the answer?

Import And Tax Duty

Answer Question >>