Import duty on goods from USA?
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From: Nick on 22 Feb 2010 14:41 Anyone know if this is a fixed rate or tariff based? I realise I will have to pay VAT at the current rate. A fairly high ticket scientific instrument, probably around USD$10K Thanks, Nick.
From: Peter Crosland on 22 Feb 2010 14:48 "Nick" <nick.swanston(a)NOSPAMgmail.com> wrote in message news:7ug513F83fU1(a)mid.individual.net... > Anyone know if this is a fixed rate or tariff based? > I realise I will have to pay VAT at the current rate. > A fairly high ticket scientific instrument, probably around USD$10K You need to find out the exact customs tariff number to be sure. If there is duty then VAT is added on top of that as well as on the carriage costs. For example if nthe goods cost �10,000 and the duty was 6% with carriage of �250 then the total cost would be �12,748.75. You would also have to pay a customs agent to clear the item through customs. Peter Crosland
From: Peter Parry on 22 Feb 2010 16:21 On Mon, 22 Feb 2010 19:41:50 -0000, "Nick" <nick.swanston(a)NOSPAMgmail.com> wrote: >Anyone know if this is a fixed rate or tariff based? It is tariff based. >I realise I will have to pay VAT at the current rate. >A fairly high ticket scientific instrument, probably around USD$10K The procedure depends upon whether it is for business or private use. If for private use and over �2,000 in value then depending on whether you are using postal services or a carrier different procedures apply. See HMRC Reference:Notice 702 (October 2006) <http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageLibrary_PublicNoticesAndInfoSheets&propertyType=document&columns=1&id=HMCE_CL_000199#P64_7311> S4.3, 6.1, 6.2 <http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageVAT_ShowContent&propertyType=document&columns=1&id=HMCE_CL_001192> is a simpler version. To work out the import duty go to <http://www.businesslink.gov.uk/bdotg/action/tariff?r.l1=1078549103&r.l2=1078549168&furlname=tariff&furlparam=tariff&ref=http%3A//customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal%3F_nfpb%3Dtrue%26_pageLabel%3DpageLibrary_PublicNoticesAndInfoSheets%26propertyType%3Ddocument%26columns%3D1%26id%3DHMCE_CL_000269&domain=www.businesslink.gov.uk> and use the search box at the bottom to start navigating your way through the labyrinth. Duty will probably be somewhere between 0 and 5%. Usually the shipping service will handle most of this for you but it does pay to make sure they use the correct tariff code if similar items have varying import duty. In a few cases if you are an establishment mainly involved in education or scientific research you can import scientific instruments free of duty and VAT, see <http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageLibrary_ShowContent&id=HMCE_CL_000069&propertyType=document#P29_1764>
From: Rob Morley on 22 Feb 2010 16:25 On Mon, 22 Feb 2010 19:41:50 -0000 "Nick" <nick.swanston(a)NOSPAMgmail.com> wrote: > Anyone know if this is a fixed rate or tariff based? > I realise I will have to pay VAT at the current rate. > A fairly high ticket scientific instrument, probably around USD$10K > You might find the precise classification in The Tariff http://online.businesslink.gov.uk/bdotg/action/tariffFilter?r.s=a&export=false&r.lc=en If that's too painful call HMRC Tariff Classification Service Enquiry Line 01702 366 077
From: Chris Lapthorn on 22 Feb 2010 16:29
"Peter Crosland" <g6jns(a)yahoo.co.uk> wrote in message news:iLGdnTVgKvQeQh_WnZ2dnUVZ8vKdnZ2d(a)brightview.co.uk... > "Nick" <nick.swanston(a)NOSPAMgmail.com> wrote in message > news:7ug513F83fU1(a)mid.individual.net... >> Anyone know if this is a fixed rate or tariff based? >> I realise I will have to pay VAT at the current rate. >> A fairly high ticket scientific instrument, probably around USD$10K > > > You need to find out the exact customs tariff number to be sure. If there > is duty then VAT is added on top of that as well as on the carriage costs. > For example if nthe goods cost �10,000 and the duty was 6% with carriage > of �250 then the total cost would be �12,748.75. You would also have to > pay a customs agent to clear the item through customs. > > > Peter Crosland If you can get the tarriff number from the supplier it's easy to find out the import duty rate by either calling HM Revenue & Customs (Google for HMRC) or look it up yourself via the Business Link website (International Trade -> The UK Trade Tariff -> Explore by Import). If you know exactly what you are importing you may be able to work out the rate of duty without the tariff number but if you get it wrong the duty may be different to what you expect. The VAT is the killer if you are a private individual. Chris |