Import Duty?!

Discussion in 'Coin Chat' started by JeromeLS, Aug 21, 2007.

  1. JeromeLS

    JeromeLS Coin Fanatic

    What percentage of import duy would I pay if I bought coins from America and took them back to the UK.


    Thanks.

    J.
     
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  3. hontonai

    hontonai Registered Contrarian

    British customs is the best place to get that information.
     
  4. codydude815

    codydude815 Wannabe coin dealer

    Yeah, check with customs.
     
  5. De Orc

    De Orc Well-Known Member

    are you shipping them back into the country? what metal are they? Gold does not get charged vat or import duty as long as it is sold at market value. If the items come in ticked as a gift then it is about £32 total value including shipping if they come in as merchandise it stands at £18 including shipping before you get taxed at the vat rate. Now this is where it can get a bit complicated as EU rullings say they can ignore I thing it is up to £7 over that value LOL
    Check out the customs & Excise web site for detailed info :D
     
  6. Spider

    Spider ~

    ehh why bother, just smuggle your way through everything
     
  7. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    Well, that would be the typical American way to handle things. :high5:
     
  8. Treashunt

    Treashunt The Other Frank

    and, what is wrong with that?


    It's the American way!

    (Of course, I'd never do that! Hello, Big Brother.)
     
  9. bqcoins

    bqcoins Olympic Figure Skating Scoring System Expert

    I say smuggle it. Inside a figurine of the statue of liberty
     
  10. gxseries

    gxseries Coin Collector

    I doubt you get taxed unless you are trying to smuggle over 10,000 pounds or dollars worth through the airport customs (somewhere around there).

    However mailing is another thing though.
     
  11. De Orc

    De Orc Well-Known Member

    If you are carrying it through a airport just put the coins in your hand luggage no tax that way LOL
     
  12. Just Carl

    Just Carl Numismatist

    Pay someone to take them there.
    Send them via USMail and state metal parts of a hobbiest nature.
    Put them inside the handle of a gun. The airport will put them in an armament box for shipping.
    Pour liquid plastic all over them and claim them as a paper weight.
    Go to Mexico and hire thier people to take the coins there. They can get in anywhere.
    There are oh so many methods available.
     
  13. hontonai

    hontonai Registered Contrarian

    Here's a thought - set an example for your kids and be honest!
     
  14. Treashunt

    Treashunt The Other Frank

    nuts! What fun is there in that?
     
  15. hontonai

    hontonai Registered Contrarian

    IMHO self respect is more fun than being a crook, but then I was raised by honest parents.
     
  16. Treashunt

    Treashunt The Other Frank

    o-k-a-y.

    And some times it is just fun to have a good time and kid, unless that is against the rules also.
     
  17. JeromeLS

    JeromeLS Coin Fanatic

    I'm thinking of buying some coins through the mail, and I am fed up of trying to translate the jargon which the customs write in. Thanks for comments...

    De Orc, are you saying if I buy something for say $300, then I only pay $64 tax on it ?
     
  18. De Orc

    De Orc Well-Known Member

    Lets see
    $300 = £150 aprox
    you are entitled to £18 so £150 - £18 = £132 therfore you would pay 17.5% of that in import duty £23.10 plus on top of this you would have to pay the Post office somewhere in the region of between £4 to £8 to collect the tax from you givin a grand total of £27.10 to £31.10 to pay (Not sure if they have put up there rate yet) You would also have to go to your local sorting office to pick up the item and would need proof of ID

    Now my figures are just aproxamations I have not checked that the rates have not changed since I last had to pay, which was about a year ago.

    Hope that this helps
     
  19. Treashunt

    Treashunt The Other Frank

    DeOrc:
    Am I wrong, I thought that it was a VAT that you had to pay?
     
  20. De Orc

    De Orc Well-Known Member

    Yep it is but import duty is easier here so it dont confuse folks
     
  21. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    Where would we be if the Founding Fathers tried to set a good example for their kids and had not committed treason?
     
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