Last week Cotic informed their customers that they were temporarily suspending EU deliveries of bikes and frames until they could sort out exactly how much it was going to cost to send bikes across the new trade border between the EU & UK. It definitely sparked a good deal of debate in the comments.
This week, Cotic owner Cy Turner has been in touch to tell us he’s got it all sorted out now and they are ready to resume orders to the EU, albeit with some important changes regarding the costs to the end user.
Here’s what he sent us…
UK Made Frames:
UK made frame only orders attract Zero duty when shipped to the EU. This is regardless of the damper specified, and can also stretch to include headset and BB and certain other items usually associated with “frame only” orders, mainly because in the vast majority of cases it involves UK made Hope parts.
Taiwan Made Frames:
All Taiwan made frame only orders will attract 4.7% import duty, and the associated handling fees for customs. As an example, we have calculated that a customer in the EU with a BFeMAX frame ordered will pay EUR40-50 more now.
All Cotic bicycles attract 14% import duty. This means that with handling fees our bikes have become EUR350-600 more expensive depending on specification.
All purchases made by EU customers are now charged without 20% UK VAT. This means the price you pay Cotic will be much lower initially, but you will have VAT and the import duty and fees applied in transit, which will be payable by the customer to the courier when the frame or bike arrives.
Please remember that this is Cotic specific. We have a particular implementation because of our UK made frames and also because we sell predominantly mountain bikes. This means our bikes generally have very high value suspension bolted to them (the same, if not more than the frame cost sometimes) which is what stops us qualifying for tariff free trade on bicycles in all cases regardless of the origin of the base frame. Some other companies will have different tariff applications, because of their supply and bike spec situation.