New to importing

[Leew2143]

Hi all.
I’m a small automotive tools supplier.
Sole trader & non vat registered business.

I currently have a good opportunity to purchase stock from Poland & ship them to the uk.
This is something I’ve never done before & after some advice, regarding taxes here & there & what’s required.

The items will be sold on B2B.
I’ve ask them if there will be taxes over in Poland ( I’m sure I will have to pay vat here)
Here the response back I got from them.
No. In export, and for England also, we use 0% vat. The prices you will see in our B2B will be the final prices without added taxes.

All I’ve been asked for is a EORI number.

Hopefully you great guy can point in the right direction

 

[Shipping Guru]

Hi there, would you be looking for an freight agent to move the goods or is the supplier handling that?

 

[Paul Kelly ICHYB]

The items will be sold on B2B.

There is an expectancy that VAT will be charged!!

You will pay VAT when the goods come into the UK. You may also have to pay duty!!

 

[ash799]

This! how much vat n duty im not sure. vat can be deferred/postponed, but you need to be vat registred for that

 

[Customs Geek]

Hi all.
I’m a small automotive tools supplier.
Sole trader & non vat registered business.


The items will be sold on B2B.
I’ve ask them if there will be taxes over in Poland ( I’m sure I will have to pay vat here)
Here the response back I got from them.
No. In export, and for England also, we use 0% vat. The prices you will see in our B2B will be the final prices without added taxes.



All I’ve been asked for is a EORI number.

You wouldn’t get charged the Polish VAT as the goods are being exported out of Poland. On entry to the UK there will be import VAT charged and possibly import duty. Whether import duty is charged or not will depend on the type of goods and where they were manufactured.
If you were VAT registered this VAT could be reclaimed or treated as a payment and reclaim in your VAT return. You would then charge your customers VAT on the sale.
As you are not VAT registered you will have to pay that import duty VAT .

All goods arriving in the UK must be declared to customs so they know what’s being imported and what taxes to charge. If you use a courier such as FedEx or DHL etc they will handle this as part of their services. If you are importing larger quantities by freight you need to check of you may need to sort out clearance yourself .
You need to ask your supplier what is included both in costs and responsibility.

 

[AmazonGeek]

If you are selling B2B then it probably makes sense for you to be VAT registered from the start rather than waiting to hit the threshold. That way, you can claim the VAT back when importing, or use PVA (postponed VAT accounting) so that you don't need to pay it at all. And since you are selling to businesses, most of which will probably be VAT registered, the VAT you have to charge on sales can be claimed back by them. Different if you are selling B2C since customers tend not to be VAT registered.

 

[Paul Kelly ICHYB]

VAT is not a big issue (Although important) as produce does not attract VAT!

The ideal position is selling from origin. Even DDP is a risk.

 

[Leew2143]

Thanks for all your responses, it’s a great help.

The company usually sells. On a Dap basis.
Now my question is what would I need to help me sort this end?

Would I need a company to process this side ?

 

[Shipping Guru]

If you are looking for a transport company (freight forwarder,Courier) or just a customs broker. drop me a DM. I would be happy to support your imports.

Carl

 

[clivemc]

We use Metoni Logistics ( Steve or Kate Tel: +44 (0)114 442 0216 ) for all our imports, they will handle everything for you from shipping to clearing etc. I am in no way affiliated, just a happy customer of theirs and can highly recommend them.