We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Need advice on importing goods from a non EU country

semelak1
Posts: 59 Forumite
in Cutting tax
I am a sole trader (not VAT registered) and will be importing food (and candies) from a non EU country.
The supplier I am getting the goods from does not charge taxes. I checked the following website
http://businesslink.gov.uk/bdotg/action/tariff?r.s=e&r.l1=1079717544&r.lc=en&r.l3=10738949 88&r.l2=1078304514&r.i=1073790604&r.t=RESOURCES
and the duty rate is 5%
Say that I want to import an Item costing me £100. I pay on top of that 5% making the cost £105. Do I need to pay VAT on top of what I paid ?
Now, say that I am selling the item for £120 here in the UK. Do the buyers need to pay VAT on top of the £120 I will be getting for the item ?
The supplier I am getting the goods from does not charge taxes. I checked the following website
http://businesslink.gov.uk/bdotg/action/tariff?r.s=e&r.l1=1079717544&r.lc=en&r.l3=10738949 88&r.l2=1078304514&r.i=1073790604&r.t=RESOURCES
and the duty rate is 5%
Say that I want to import an Item costing me £100. I pay on top of that 5% making the cost £105. Do I need to pay VAT on top of what I paid ?
Now, say that I am selling the item for £120 here in the UK. Do the buyers need to pay VAT on top of the £120 I will be getting for the item ?
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards