The Commerce Journal,Business and Local Businesses
*The Commerce Journal>>>United Kingdom Taxes

VAT and Customs?


I'm about to buy a watch on ebay. it will be shipped in from japan. The cost of watch is 拢15 and delivery is 拢16. Can anyone tell me roughly how much tax i'm likely to pay and how do I go about paying for it? thanks for your help!

nothing any item below the cost of 拢18 is exempt from charges

you will probably find they will mark the customs label as a GIFT, in which case you will be exempt from charges.

VAT will be levied at the normal 17.5% and then there should be an excise charge - I'm afraid I'm not certain what that is.

The post office have a system where the tax can be collected.

Mind you the values are pretty small, I would expect it will just turn up, so you won't have to pay anything..

Tags
  Atlanta   Other - Business & Finance   Other Taxes   United States Taxes   United Kingdom Taxes   Spain Taxes   Singapore Taxes   Mexico Taxes   Ireland Taxes   India Taxes   Germany Taxes
Related information
  • I just want to know what prize i have won on the national prize register.?

    I am not sure what do you mean by "national prize register" but if you are asking about that prize you have won, it is probably to good to be true. Most of this prize award came from Afri...

  • How can i get my p45 if they said they sent it to my previous address?

    The agency may sound like they're being a bit bureaucratic about this but it's true - only one P45 can be issued by an employer even if the original gets lost in the post. The reason for...

  • How does bank overdraft work? (UK only)?

    yes you do get charges as you are lending the money from the bank but i dont know how much as it differs, call into your bank to find out also its wise not to have an overdraft as the banks will...

  • Why are petrol station VAT receipts separate from the main receipt?

    No they couldn't . The voucher they give you is either a credit card voucher, which you need to check your account, or a cash receipt. A VAT receipt serves a different function and the info ...

  • How can I set up a Planned Overdraft?

    Go to see your bank (in person - you know, like when you go out of the front door). They'll be able to sort it out for you...

    ...
  • Hi is this offer from Dragon oil U.K Authentic Pl ans?

    This is a common Nigerian scam. People were catching on about Nigeria, so they change the "job location" to the UK. 1. Bad English. 2. Claims the GBP10K salary will be tax free (UK...

  • Does the uk government help enough the british companies??and how do they do it?

    They don't - British companies that suceed do it despite the government. Being in the EEC (european economic community) prevents the UK doing anything specifically for the UK - everything h...

  • Doing my first VAT Return?

    Simple. Step 1. Add up all of your sales for the period taken from invoices issued in the period. Work out the Vat element, this goes in Box 1. Step 2. Work out the Net amount (total sales min...

  •  

    Commerce Categories--Copyright/IP Policy--Contact Webmaster