i need urgent help CUSTOM FEE'S import fee's and VAT on goods from abroad ...help?

Question

ok I bought some items the other day from the usa £183 when goods arrived i got told i need to pay £69 for parcel force to me items 34 was VAT and 20 something customs and then parcel force have a fee of like 13 something

I am a seller on ebay (MissTee's BARGAIN House) and i make large orders now from abroad but how do i calculate what the charges on top will be when they hit the uk

so basically how do i work out the VAT
CUSTOMS CHARGE
IMPORT CHARGES

PLEASE HELP ME

Answer 1

Add the value of the goods in £ (Customs fix their own exchange rates) to the cost of their transport into the European Union.

£100 goods
£20 transport outside EU.
-----------------
£120 subtotal

If the goods are liable for import duty of (for example) 2%, then the duty payable would be 2% of £120, which equals £24.

To calculate VAT:

£120
£24
£6 transport in the EU (an "average" figure added by Customs,
that represents cost of the transport of the goods inside the EU)
--------
£150

So the VAT would be 17.5% of £150.

If your goods are subject to excise duty, it gets more complicated.

You can check out www.hmrc.gov.uk

Answer 2

The vat is easy and is applied directly to the price of the goods, just like at the airport, I suspect that there is a handling charge for the goods and this will need you to apply for from customs. The fee to parcel-force is merely for being an agent for the customs, bit hard but if the items are worth less than about £10 then no duty is due.

Answer 3

The vat is basic and is utilized directly to the fee of the products, only like on the airport, i've got self assurance that there is a coping with value for the products and this could want you to prepare for from customs. the fee to parcel-tension is only for being an agent for the customs, bit difficult yet while the products are properly worth below approximately £10 then no accountability is due.

Answer 4

Any item less than £76 in total is VAT free as anything below this threshold is treated as a gift, then on, it will be 17.5% on the whole amount.

You can pass on this VAT to the customers for the good and services provided to them at 17.5%.

However, you can claim this back every quarter from Customs & Excise Department. So you in the end you are in a neutral position and it is important to keep proper records.

However, to reclaim any VAT, you MUST register your business with Customs and Excise. There is no charge to this but you need to keep your records for 6 years as they can request an investigation at any time on your business affairs.

Hope this helps

Answer 5

You need to speak to the inland revenue. Different goods have different tarrifs. Electrical goods, foods, clothing, alcohol and tobacco all have different tax rates. I also believe the rates are different from other parts of the world.

As long as you're not importing thousands of pounds worth of stuff at a time, I'd be tempted to ask that the packages be described as a present. It's tax free then ;)

Answer 6

Ask The Inland Revenue
If you contact their helpline, they are very pleasant
Good Luck