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

Question regarding USA customs form?

My sis in USA asked her husband to send gifts she had bought for my kids for xmas to the UK. He done this but on the customs form he ticked merchandise instead of gift, anyone know what difference this makes when i recieve the gifts?

Any ideas how much tax will roughly be, the presents are footwear to the value of $600.

So many people make the opposite mistake (putting gift when it isn't) that Customs will look at the items anyway.

If the total value of the gifts were more than $100, it won't make a difference. Once you exceed the gift limit, the entire value of the items are subject to tax (there's not even a $100 deduction).

Yeah you'll get charged inport tax I think.

Happened to me once, cost me $300 to import a stinking photo album!

If you list as merchandise, that implies that the item is for re-sale and you have to do a customs entry and pay tax.

If it's listed on the form as a gift, then you usually don't have to prepare the customs entry and/or pay import duties.

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
  • Tax on my pay?

    unfortunatly, yes

    ...
  • Paid too much?

    Why would they sack you for their error? No they can't sack you. However if they have overpaid you they can deduct the overpayment from future earnings. Try and reach an amicable agreement.<...

  • Can they up tax credits?

    If your original claim was a joint claim, then you need to make a new claim as your household income is now different. If your original claim was a single claim then no you can't get any extra...

  • Why is my daughter paying emergancy tax?

    It is quite common for managers in big business not to know about tax requirements. Quite often the relevant forms are processed by payroll at head office. If no form P46 or form P85S has been give...

  • Claiming business milage back....?

    Yes, you are correct, the allowance is at the rates you state. You need to keep a record of all your business mileage and at the end of the year, you either claim relief in your slef assessment, o...

  • Company car info please?

    The taxable benefit on the car would be 35% of the list price of the vehicle. The tax payable on this would be at 22% based on your current salary. The tax due would be collected through your salar...

  • How much is that VAT in UK? and what is the import tax a UK company have to pay if they import goods frm China

    assume the total cost of the tax. import and vat plus a customes clearing agent a palletising company if required at around 40% OF THE PURCHASE PRICE this is a rule of thum...

  • Do i have to register?

    You don't need a certificate but you will need to register. If you're not earning that much he probs won't charge you anyway!

    ...
    • 　

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