View single post by Luminated
 Posted: Mon Apr 8th, 2013 11:14 am
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Luminated

 

Joined: Mon Mar 18th, 2013
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 watcher wrote: The only relevant import tax into the UK from outside the EU is VAT at 20% (charged on the total of both the item value and postage). There will also be a handling fee charged by the courier (e.g. Fedex, UPS, Royal Mail, Parcelforce) which will be in the range £8 to £14.

There is also Customs Duty at 4.5% on watches imported from outside the EU but due to the bizarre way in which it is calculated you are never actually charged this on a single watch shipment. You will only ever be charged it on a multi watch shipment and then only at a maximum of the UK equivalent of €0.80 per watch.

So for a £1350 watch (with P&P of $50), $1400 total, you will pay $280 VAT or about £185, plus the £8-£14 handing fee. So about £200 total.

Thanks watcher for the breakdown.

So at the current exchange rate of $1.47 (probably all we will get at the moment) the Bronze will work out at £1110 which is roughly what I was expecting.