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Do Discounts Impact Valuation of Imports from EU?
Niloticus1
Posts: 5 Forumite
Hi,
I shop regularly at an Italian online retailer which gives a lot of discount vouchers. From what I read in the MSE guide to online shopping post Brexit:
the Consignment Value is the price paid for the goods (including local VAT, but excluding delivery charges). A worked example:
I buy an item costing €150 in June 2021 (the HMRC exchange rate for June 2021 is 1.158)
The £ cost is the 150/1.158 = £129.53
Delivery is €10 but this does not count towards the Consignment Value.
So this purchase should qualify for the £135 rule, the retailer pays VAT due directly and I am not subject to any extra duties or fees.
But how do discounts apply to the calculation above? I've now built up €50 in discounts. If I use those for a single order, will the £135 rule apply to the amount I actually paid or to the value of the items BEFORE discount?
TIA
I shop regularly at an Italian online retailer which gives a lot of discount vouchers. From what I read in the MSE guide to online shopping post Brexit:
the Consignment Value is the price paid for the goods (including local VAT, but excluding delivery charges). A worked example:
I buy an item costing €150 in June 2021 (the HMRC exchange rate for June 2021 is 1.158)
The £ cost is the 150/1.158 = £129.53
Delivery is €10 but this does not count towards the Consignment Value.
So this purchase should qualify for the £135 rule, the retailer pays VAT due directly and I am not subject to any extra duties or fees.
But how do discounts apply to the calculation above? I've now built up €50 in discounts. If I use those for a single order, will the £135 rule apply to the amount I actually paid or to the value of the items BEFORE discount?
TIA
0
Comments
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Discounts don't apply. Only the value of the goods is used for import purposes.0
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