import tax uk

markharriers

Hi hope someone can help me i want to buy something direct from china how much would the import tax be as i do not want to be stung?

any help much appreciated

TadleyBaggie

How much is the item including shipping?

markharriers

it is £390 all in thank you for your help

Keep_pedalling

markharriers wrote: »

it is £390 all in thank you for your help

VAT will be 20% (£78) but there may be import duty to add to that as well. There are different duty rates on different products, so the next question is what is it?

markharriers

Keep_pedalling wrote: »

VAT will be 20% (£78) but there may be import duty to add to that as well. There are different duty rates on different products, so the theft question is what is it?

its an inflatable photo booth thank you :beer:

markharriers

The company have said they will put £100 on the invoice so i pay less?

IAmWales

markharriers wrote: »

The company have said they will put £100 on the invoice so i pay less?

You're asking for help to commit fraud?

JVCAccountants

Import duty on plastic products from China is 6.5% - an inflatable photo both might not qualify as a plastic product but on your limited information that seems to be the right one.
So declared value at customs £100, import duty £6.50, VAT £21.30 ... total £127.80

markharriers

JVCAccountants wrote: »

Import duty on plastic products from China is 6.5% - an inflatable photo both might not qualify as a plastic product but on your limited information that seems to be the right one.
So declared value at customs £100, import duty £6.50, VAT £21.30 ... total £127.80

Thank you really appreciated

martinsurrey

JVCAccountants wrote: »

Import duty on plastic products from China is 6.5% - an inflatable photo both might not qualify as a plastic product but on your limited information that seems to be the right one.
So declared value at customs £100, import duty £6.50, VAT £21.30 ... total £127.80

fraud committed = under declared value of £290, VAT evaded of £58 duty of £18.85, total of £76.85

Keep_pedalling

As you are buying this for your business, why are bothering to risk saving a few quid with a fake deceleration?

Presumably this expense is tax deductible including VAT if your business is VAT registered.