Importing bike from...
 

[Closed] Importing bike from US - charges

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Has anyone bought a bike mail order from the US? What tax costs did you have to pay?
I think it is 15% import duty then 20% VAT, so for every £1000 of bike there are £380 of tax costs - is that right, have I missed any or overestimated anything?
If it is at 38% then its marginal whether it is worth it 🙁


 
Posted : 23/12/2013 10:59 am
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You can split it into two shipments as you pay less duty on bike parts than a full bike.


 
Posted : 23/12/2013 11:06 am
 Del
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check the rrp of a mid range spesh ( or another large manufacturer of your choice ) bike in the US, and compare to the uk price. the difference will be ~ what you will pay in tax and other charges. add a bit on if you're feeling pessimistic. i would.
these numbers don't just get picked out of thin air.
i'm sure someone will come on and talk about distributor's/middlemen's cut, but in reality, you won't be far away.
worth it if you've stumbled across a staggering deal over there, but make sure the price listed is what you're actually going to pay.


 
Posted : 23/12/2013 11:28 am
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And the shipping costs could easily stop the import option costing in?


 
Posted : 23/12/2013 12:02 pm
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Plus the VAT on the shipping costs, and the advancement fees. Depending on courier and value of the bike you could pay between £10-£100 in advancement fees for the courier to pay the VAT & Duties for you.


 
Posted : 23/12/2013 12:46 pm
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Unless you're into tax fraud, best to assume $1=£1 once you add in everything.


 
Posted : 23/12/2013 12:49 pm
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Dont forget to factor in the potential headache of after sales support in your decision making.

I've grey imported a frame from the US myself many years ago and saved a massive packet.


 
Posted : 23/12/2013 2:25 pm