Wow. So what's the catch? #
Posted Monday 17th November 2008 16:47 GMT
Will vat be going up to 20% in April to compensate for this change? The government don't give anything away for nothing. At least not to law-abiding, tax-paying citizens.
Posted Monday 17th November 2008 16:47 GMT
Will vat be going up to 20% in April to compensate for this change? The government don't give anything away for nothing. At least not to law-abiding, tax-paying citizens.
Posted Monday 17th November 2008 16:47 GMT
Anyone know how to find out in advance exactly the amount customs will charge for a given parcel?
I can't find useful information on their website - it's very vague.
Posted Monday 17th November 2008 17:26 GMT
Any news on a higher rate for gifts? Currently they're VAT and duty free up to a value of £36. I'd assume this limit would also be raised - but to the same £105 or to higher?
Posted Tuesday 18th November 2008 08:35 GMT
If you buy a digital camera from a US website for £104 today, there still won’t be a penny of Customs duty to pay. Digital stills cameras do not attract Customs duty.
http://customs.hmrc.gov.uk/channelsPortalWebApp/downloadFile?contentID=HMCE_PROD_009989
Further, Customs duty is currently waived if it amounts to less than £7. So, if the item attracts 10% duty, that’s items up to £70 in value. For 5%, that’s up to £140. If this new rule completely replaces the old one, you’re going to be worse off for items with a rate x, where 0% < x < 6.66%.
Posted Tuesday 18th November 2008 08:35 GMT
On low value items (but still over the £18 VAT bar) the real killer is the Royal Mail handling charge of £8 to collect the VAT and duty.
Check out - http://www.royalmail.com/portal/rm/content1?catId=400044&mediaId=400362
"Any package assessed by HM Revenue and Customs as being liable for Customs charges will also incur a Royal Mail handling fee of £8."
Posted Tuesday 18th November 2008 11:06 GMT
"Digital stills cameras do not attract Customs duty."
True, but those with the capability to record video do - therefore, most "compacts" and some DSLRs (D90, 5D MKII) do.
Posted Tuesday 18th November 2008 11:06 GMT
...generous of them.
A whole three to four per-cent.
Still have to add 17.5% VAT and the courier handling fees which range from £8 to £35...
Fail.
Posted Tuesday 18th November 2008 11:07 GMT
So, previously, the bar was £18 for both Duty and VAT, and now it's £104 for one and £18 for the other! I guess the gummint has to provide some new jobs somehow...
Posted Tuesday 18th November 2008 13:20 GMT
@Gary F
It probably is costing them more in admin to handle the low value items than they collect (civil servants don't come that cheap). If that's the case then they don't need to raise taxes as it's actually a cost cutting measure.
Posted Tuesday 18th November 2008 13:20 GMT
Well, there is no longer 2 USD to the pound... so it's not as appealing as it once was :(
Posted Tuesday 18th November 2008 13:20 GMT
What an extraordinary list - I'd no idea that beer was duty-free! Not to mention 'massage apparatus'...
Posted Tuesday 18th November 2008 16:02 GMT
Only a government could come up with a site like the customs and excise one.........
What is needed a site where you can type in the item, country,price and it works it out for you...
instead you get something that requires an old style A level to work through it.....
perhaps students should study this instead of the Manchester tram timetable...no perhaps not it is a bit too difficult....