IMPORT DUTY & VAT WHEN IMPORTING INTO UNITED KINGDOM OVERVIEW Import duty and taxes are due when importing goods into the United Kingdom from outside of the EU whether by a private individual or a commercial entity. The import duty and taxes payable are calculated on the CIF value (Cost, Insurance and Freight), i.e. the sum of the value of the imported goods and the cost of shipping and insurance. IMPORT DUTY RATES The duty rates applied to imports into the United Kingdom for motorcycles spare parts typically range between 3.5% and 10%. VAT RATES The standard VAT rate for importing items by commercial entity into the United Kingdom is 20% for the item value over £15.00. VAT is calculated on the value of the goods, plus the international shipping costs and insurance, plus any import duty due. MINIMUM THRESHOLDS For imports into the UK, there are minimum thresholds below which duty and VAT are waived. Duty is not charged if either:
VAT is not charged if:
OTHER TAXES AND CUSTOMS FEES
ROYAL MAIL HANDLING FEES If your item has had an Import duty & taxes applied it will include handling fees of £8.00. DUTY AND TAX REFUNDS Should you be entitled to a duty and tax refund due to overpayment or returns of imported products to the seller, you may submit form C285 with HMRC. The relevant information and forms can be found here. http://search2.hmrc.gov.uk/kb5/hmrc/forms/view.page?record=Bc2hJFTaDRM&formId=178 MORE INFORMATION More information on importing by post you can find at the website of Gov UK. https://www.gov.uk/importing-and-exporting-by-post More information on Royal Mail Handling Fees you can find at the website of Royal Mail. http://www.royalmail.com/personal/help-and-support/Ive-received-a-card-asking-for-a-payment IMPORTANT INFORMATION This information is for your reference only. It does not imply it is the official input duty and taxes calculation. All information is based on importing policy from HM Revenue & Customs and United Kingdom Government. |
