Import Duty & VAT

G

Guest

Guest
Hi out there,
I have just made a purchase in the US, buying some weatherstripping
for my LC. Naturally I have paid US purchase tax.
FedEx have just called to let me know that there is both import duty
and VAT to pay.
Surely there is only a small amount of VAT to pay if I have already
paid purchse tax in the country of origin?
This looks like double taxing, does anyone know if there is anything I
can do to lessen the amount paid? I would have thought there is either
none or the balance on the two, not that I pay twice!...or am I right
naive
Regards,
Steve Ackhurst
 
G

Guest

Guest
Steve,
Just looked back on my SOR purchase, they didn't charge US tax, so I just
paid shipping and UK duty. As I understand it, if the item were exported
from the UK and (ie my works sold it) we would charge VAT and the buyer
would have to reclaim it on export, alternatively if the buyer was based
overseas then we could invoice without VAT.
One thing to watch is what the duty is charged on, I have had a supplier
include and shipping in the value of the goods and had to pay duty on the
shipping, luckily it was only a few pounds.
Malcolm Bagley
Stafford, UK
1975 FJ45 Pickup (In Work)
_______________________________
-----Original Message-----
From: [Email address removed] [mailto:[Email address removed]] On
Behalf Of Steve Ackhurst
Sent: 05 June 2006 11:55
To: [Email address removed]
Subject: [ELCO] Import Duty & VAT
Hi out there,
I have just made a purchase in the US, buying some weatherstripping
for my LC. Naturally I have paid US purchase tax.
FedEx have just called to let me know that there is both import duty
and VAT to pay.
Surely there is only a small amount of VAT to pay if I have already
paid purchse tax in the country of origin?
This looks like double taxing, does anyone know if there is anything I
can do to lessen the amount paid? I would have thought there is either
none or the balance on the two, not that I pay twice!...or am I right
naive
Regards,
Steve Ackhurst

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