Importing Antique Jewellery From France in Person - What do I do?

[splodge2001]

I will be travelling to Paris on Thursday to pick up 3 antique rings (bought at autction) which I am expected to pay 5% import VAT on in order to qualify for the margin scheme.
I am going on Eurostar. What do I have to do when I bring them back? And which amount is the 5% due on? The total cost of the item, the hammer price?

 

[IanSuth]

read this for a starter which i happened to see this am

TONY HETHERINGTON: Goodnight Vienna for UPS over its import errors!

I purchased the clock at auction, and arranged for packing and shipping using UPS. But the company miscalculated tax and duties.

www.thisismoney.co.uk

 

[Paul Kelly ICHYB]

I believe it is the total price paid, inc commissions, but lets see if the import specialists can add something.

 

[IanSuth]

I believe it is the total price paid, inc commissions, but lets see if the import specialists can add something.

Nope that article says clearly it is the hammer price

 

[splodge2001]

Nope that article says clearly it is the hammer price

Thanks. For that. Do I pay at customs? Or later?

 

[Paul Kelly ICHYB]

Sorry, didn't read the article!

 

[IanSuth]

Thanks. For that. Do I pay at customs? Or later?

@Customs Geek one for you (sorry i don't know)

 

[Customs Geek]

Hi
Imports of works of art, antiques and collectors’ items are taxed on a reduced value at importation, giving an effective VAT rate of 5 per cent, I am not permitted to post a link but look up ‘ how to value goods for import vat’ on the .Gov website

Do not include the buyer’s premium when working out the value for import VAT purposes for:

• works of art
• antiques

There are quite strict conditions on what constitutes antique though.

In terms of the import you can make a simplified declaration on line or make what is known as an oral declaration to a customs officer in the red channel or red point phone on arrival into the UK. I don’t know what is exactly the set up on Eurostar.
again on the . Gov website look up either ‘bringing commercial goods into GB‘ or ‘bringing personal goods into GB ‘.

 

[Import Expert]

Customs Information | Eurostar

Everything you need to know about custom regulations when travelling on the Eurostar.

www.eurostar.com