- How much tax / VAT would I pay on a £500 import from the States?
if its parts and correctly coded on the invoice
duty is 4% of value at arrival – that is cost plus transport
then 15 % vat plus freight agent handling fee and Uk delivery
£500 + say £70 estimate freight (no recent experience but my guess for US postal)??? = £570 +4% = +£24 = v near to £600
add VAT at 15% = £90 now at £690 assuming freight guess is right – throw in freight co’s clearance/handling fee uk delivery = say £40 maybe more
my best guess is £730 ish
assumes invoice is correctly coded – google TARIC codes these are internationally recognised product (commodity) codes otherwise importer (freight agent) will just guess – bike parts “i’ve no idea” and gets either nil% or some wacky numberPosted 9 years ago
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