Customs duty & Import VAT from the US to the UK on gifts

MrsE_2

Not an ebay question but I thought you would all know a lot about postage.

If my cousin sends me a gift of a $530.00 buggy/pram from the US to me on the UK, whats the minimum Customs duty & Import VAT I would need to pay (he really is my cousin).

Also any recommendations for the cheapest postage service to get a buggy/pram posted over here?

Its 16lbs and 10" x 24" x 30" boxed.

Thank you:beer:

MrsE_2

Can no one help with this?

I was on the customs website, it said it applied different rates for different items!!??

Which is why I said it was a pushchair.

alien1234

It will be 20% VAT of the total cost (item cost and postage cost). There may be import tax which you may need to check out the hmrc website to find out which category does the gift fit into

Johnnyy_Boy

What ever the import duty % is, add to the value and then its 20% VAT on top of that.
You could use a "dodgy" invoice but then that would effect things if it went missing.

MrsE_2

alien1234 wrote: »

It will be 20% VAT of the total cost (item cost and postage cost). There may be import tax which you may need to check out the hmrc website to find out which category does the gift fit into

I'm sure I read for gifts its just the value not the postage.

Its the import tax info I can't find on the HMRC website:mad:

Thank you

Johnnyy_Boy

I just checked at work and its 4.7% import duty.

MrsE_2

Johnnyy_Boy wrote: »

I just checked at work and its 4.7% import duty.

:eek::eek::eek::eek::eek::eek:

I thought the standard rate was 2.5. Why is baby equiptment above average???:(:(:(:(:(

PS Thank you:T

MrsE_2

Johnnyy_Boy wrote: »

I just checked at work and its 4.7% import duty.

Reading through some other forums, its seems its all a bit hit & miss, you may or may not get charged. Any idea of the ratio?

Is it charged for both (Customs duty & Import VAT) or none?
Is that how it works?

soolin

Don;t forget handling charges as well, they are often the high ones.

JasonLVC

MrsE wrote: »

Reading through some other forums, its seems its all a bit hit & miss, you may or may not get charged. Any idea of the ratio?

Is it charged for both (Customs duty & Import VAT) or none?
Is that how it works?

IF HMRC stop your parcel as it enters the UK via the courier, they will take the value declared on the parcel paperwork, add an import duty which another poster said was 4.7% and then HMRC will add 20% VAT on top - so on effect it'll be the cost of the pram £500 + 24.7% taxes and postage as well.

So 24.7% of £500 is £123.50 which is what you'd have to pay if HMRC stop the package.

lovinituk

MrsE wrote: »

I thought the standard rate was 2.5. Why is baby equiptment above average???

There is no standard or average. There are hundreds of tariffs.