I have a parcel from Hong Kong currently being held by customs and excise while they figure out how much import duty tax they want me to pay before I can have it.
Does anyone know how they work it out? Do they work it out on the weight of the parcel or the value?
If it is on value the do they include the shipping into the value? For example, the goods cost £40, the shipping £30. Will I be charged a percentage of the goods only or the total amount?
If this is the case then what percentage do they charge? I just want to know how much I am likely to be stung for
2007-09-05 04:25:40 · 7 answers · asked by Big kid 5 in Business & Finance ➔ Taxes ➔ United Kingdom
In addition, import taxes are normally calculated on the CIF value – Cost Insurance and Freight. This basically means that the Cost of the goods and cost of delivering the goods are added together, a nominal rate of duty (usually a percentage) is charged on the CIF value. The CIF value and the import duty charge are added together and VAT at 17.5% is added on top. There is also a processing fee by the Courier/Parcelforce.
2007-09-07 04:22:36 · answer #1 · answered by Jim 4 · 0⤊ 0⤋
Import duty is calculated on the type of goods, their value and their country of origin.
For details about the rates of duty applying to particular goods you can call the HM Revenue & Customs (HMRC) Tariff Classification Service Enquiry Line on Tel 01702 366077.
If the goods originate from countries outside the EU, but duty has already been paid on them in another EU country before they reach you, no duty is payable.
If the goods originate from outside the EU and no duty has been paid, you need to calculate the value of the goods. There are six calculation methods prescribed. If method one is not possible, you should move on to method two, and if that fails use method three, until you arrive at a value.
The link will take you the HM revenue and customs website
2007-09-05 04:42:12 · answer #2 · answered by Leo 7 · 0⤊ 0⤋
You should have worked this out before you ordered goods from abroad. Yes of course they will sting you! And then if you don't pick it up the minute your extortion cheque is cleared against it they will charge you storage by the hour. Just so you know cos if for some reason you cannot journey there and collect it immediately you are gonna be milked for sure. best consider now if it is really worth spending another penny on it.
2007-09-05 04:41:51 · answer #3 · answered by scrambulls 5 · 0⤊ 0⤋
Bonjour
Its easy, ring them at the link below, or use this:
Import duty is calculated on the type of goods, their value and their country of origin.
For details about the rates of duty applying to particular goods you can call the HM Revenue & Customs (HMRC) Tariff Classification Service Enquiry Line on Tel 01702 366077.
If the goods originate from countries inside the European Union (EU), no duty is payable.
If the goods originate from countries outside the EU, but duty has already been paid on them in another EU country before they reach you, no duty is payable.
If the goods originate from outside the EU and no duty has been paid, you need to calculate the value of the goods. There are six calculation methods prescribed. If method one is not possible, you should move on to method two, and if that fails use method three, until you arrive at a value. Find out how to calculate import duty on the HM Revenue & Customs website.
One publication you might find helpful is the Tariff. Published annually, it contains information about import and export requirements. You can read about how to obtain the Tariff on the HMRC website.
Note that, unlike VAT, duty can't be reclaimed, even if your business is VAT-registered.
For more information read our guide on excise and VAT in international trade.
2007-09-05 06:04:58 · answer #4 · answered by jam 5 · 0⤊ 0⤋
It's a percentage of the items cost, but beware, they'll probably add VAT on top of that. In many cases it is not worth buying from abroad. I bought a camera and by time I had paid the dues it was dearer than one in town.
2007-09-05 04:32:07 · answer #5 · answered by tucksie 6 · 0⤊ 0⤋
Its roughly 35% of the goods value - you have been unlucky though! I have bought loads of stuff from overseas and only been clobbered once!
EDIT : Ohhhh just reread your OP - I think this only applies over £36.00 value - not entirely sure though! And there is £8 to pay to the PO too.
2007-09-05 04:34:32 · answer #6 · answered by Sal*UK 7 · 0⤊ 0⤋
For the best answers, search on this site https://shorturl.im/axt9N
if u purchase bulk then u hav 2 pay duty. other wise no need 2 pay duty.
2016-04-09 00:19:57 · answer #7 · answered by Anonymous · 0⤊ 0⤋