Importing from USA. What taxes will I need to pay?

Discussion in 'International Business' started by Slinkie, Jan 14, 2010.

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  1. dabpc

    dabpc UKBF Contributor Free Member

    30 6
    I have found with Parcelforce that they won't deliver the goods untill you have prepaid the import duty/vat/their fees. So if they have released the goods, I would assume that you are in the clear.
    I have found the duty rates vary considerably, this does make pricing difficult. I think if the shipper put in the exact HMCR product classification code then rates would be consistent.
    Re: can you reclaim... You can reclaim the VAT if VAT registered but not the import duty.
     
    Last edited: Feb 1, 2010
    Posted: Feb 1, 2010 By: dabpc Member since: Dec 24, 2009
    #21
  2. Slinkie

    Slinkie UKBF Newcomer Free Member

    69 0
    I am not VAT registered.
     
    Posted: Feb 1, 2010 By: Slinkie Member since: Sep 5, 2006
    #22
  3. dabpc

    dabpc UKBF Contributor Free Member

    30 6
    No worries, you can't reclaim the VAT and you don't need to add VAT when you sell.
     
    Posted: Feb 1, 2010 By: dabpc Member since: Dec 24, 2009
    #23
  4. RBS

    RBS UKBF Ace Free Member

    2,644 325
    How much £?
     
    Posted: Feb 1, 2010 By: RBS Member since: Jul 13, 2009
    #24
  5. RBS

    RBS UKBF Ace Free Member

    2,644 325
    Yes, you pay for full amount, even shipping cost.
     
    Posted: Feb 1, 2010 By: RBS Member since: Jul 13, 2009
    #25
  6. lss

    lss UKBF Newcomer Free Member

    206 9
    I recieved some items from the USA as gifts from a friend there, (childrens toys) and of course got a letter from Parcel force saying I owe import tax vat blah blah blah, Now they were gifts, and I dont think they were worth more than £18 Althou it did come in a bigish box.... Is there anything I can do to claim this back?
     
    Posted: Feb 1, 2010 By: lss Member since: Jul 27, 2009
    #26
  7. internetspaceships

    internetspaceships Banned Full Member

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    The chap who said that sometimes items don't get flagged for duty is correct.

    It seems to be a lottery to be honest. We have trade agreements in place with the US and although we get hit for VAT on just about every consignment, duty as duty, is extremely rare.

    A lot of the determination is based upon the commercial invoice that the exporting company puts on your goods.

    Certain classes of goods have differing levels of import duty. For example importing a complete file server in a box carries a different duty to a box containing spare parts for a file server.

    Mad, but true.
     
    Posted: Feb 1, 2010 By: internetspaceships Member since: Sep 7, 2009
    #27
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