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Gtir Motorsport club » General Discusion » Random banter » Importing

Importing

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1Importing Empty Importing on 13th January 2016, 10:00 am

PartyPete

PartyPete
the one star club
the one star club
How does the import tax work, is it 20%of the value of the item or does it work out differently? scratch

2Importing Empty Re: Importing on 13th January 2016, 11:12 am

Mr B

Mr B
gtir technician
gtir technician
25% for uk I believe, that on goods value so many companies provide a lower figure invoice with shipping to help you out .

3Importing Empty Re: Importing on 13th January 2016, 12:04 pm

PartyPete

PartyPete
the one star club
the one star club
Ok that's not too bad then, cheers b

4Importing Empty Re: Importing on 13th January 2016, 1:07 pm

Cosmic73

Cosmic73
There's duty and VAT to pay
Use this handy tool to work it out;
http://www.dutycalculator.com/new-import-duty-and-tax-calculation/

get the supplier to write on the docket a lower value,
Erics wrote $650 on mine instead of $1650 and i save a fortune,
eg i paid £190 taxes instead of £400 pale

5Importing Empty Re: Importing on 13th January 2016, 1:08 pm

shroom

shroom
@Mr B wrote:25% for uk I believe, that on goods value so many companies provide a lower figure invoice with shipping to help you out .

Would this alter insurance costs? Day if it got damaged or lost and they had put the price down a fair bit?

6Importing Empty Re: Importing on 13th January 2016, 1:31 pm

Mr B

Mr B
gtir technician
gtir technician
^ possibly could be issue but many decent companies do this so they must know they covered as if lost you will be refunded by company or through credit card or perhaps ebay !

Most stuff works out around 23% to 25%, 25% is easy workout plus you never going get shocked as should always be less,
In thailand anything from asean tends be import free, stuff from US etc can be free if goes through thailand post but if uses courier can be expensive unless they offer a tip fee service to loose/adjust the paperwork .

7Importing Empty Re: Importing on 13th January 2016, 1:46 pm

PartyPete

PartyPete
the one star club
the one star club
I used the duty calculator and was shocked at how much it worked out at, but some one told me it was around 20 % of the value of the item, I spoke to the guy at par and he did say they could put a lower value on the item, just worried if it went missing and I was massively out of pocket!

8Importing Empty Re: Importing on 13th January 2016, 4:01 pm

johnboy

johnboy
If it's a car then import duty is 10% and Tax (VAT) is 20%
Plus, the cost of shipping is added to the cost of the car so you have to pay duty and tax on the total...

9Importing Empty Re: Importing on 15th January 2016, 4:47 pm

clarebear

clarebear
clarebear
clarebear
John boy's correct with above info
If you follow the link you can find the commodity code and phone hmrc and they'll tell you how much import cost is

https://www.gov.uk/finding-commodity-codes

10Importing Empty Re: Importing on 15th January 2016, 4:52 pm

PartyPete

PartyPete
the one star club
the one star club
Cheers Claire I'll have a look Very Happy

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