Customs & Excise 101 - for purchases outwith the EU

Messages
82
The relevant pages on HMRC are here:

<!-- m --><a class="postlink" href="http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageImport_ShowContent&propertyType=document&id=HMCE_CL_000014#P35_3251" onclick="window.open(this.href);return false;">http://customs.hmrc.gov.uk/channelsPort ... 4#P35_3251</a><!-- m -->
<!-- m --><a class="postlink" href="http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageVAT_RatesCodesTools" onclick="window.open(this.href);return false;">http://customs.hmrc.gov.uk/channelsPort ... CodesTools</a><!-- m -->

In summary (using the second link to find the appropriate exchange rate), if the total (BEFORE postage) is £18 or less, then no VAT is charged. If it is greater, then VAT is charged on the total (INCLUDING postage).
 
Messages
566
Can someone more in the know confirm.

To get it in customs duty free the goods must be £18 or less or the goods plus the posstage is £18 less?

And there would be no vat charged until it hits a certain figure after that or have i read the HMRC site wrong?7

Worse, it is coming down to £15 later this year.
 
jon_hall said:
Can someone more in the know confirm.

To get it in customs duty free the goods must be £18 or less or the goods plus the posstage is £18 less?

And there would be no vat charged until it hits a certain figure after that or have i read the HMRC site wrong?7

Worse, it is coming down to £15 later this year.
If the goods are under the LVCR threshold (currently £18, dropping to £15) then it gets in... if it's over the LVCR threshold then it risks the VAT on the declared value plus the postage.

The duty free limit is exactly that - duty (not VAT) free.

I have this in writing directly from George Osborne - in reply to a question I put to him, fully not expecting any response whatsoever.
 
Messages
96
A couple of points worth remembering - razor hones are exempt from import duty (but not VAT alas!) into the UK but must be marked on the customs form 'hand sharpening stone'. Also all antiques are exempt from import duty (again not VAT) so if you buy that W&B meat chopper from the US always ask them to label it 'antique shaving item' - not 'old', 'vintage'. etc.

Should save a few bob here and there! :icon_razz:
 
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