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<p>[QUOTE="John Conduitt, post: 5353087, member: 109923"]5% VAT will apply (the UK has left the EU VAT regime), offset by not paying EU VAT. The deal with the EU should mean no import duty (usually a small amount anyway, 2.5% or so, paid on anything over £135).</p><p><br /></p><p>The problem isn't so much the VAT but the handling fee that's charged just for assessing it. The Royal Mail charge £8, while couriers charge £12. So for a £100 coin you might get a bill for £17 just to pay £5 tax.</p><p><br /></p><p>But with the new regime, it looks as if the seller is supposed to charge the 5% VAT up front on items below £135 and pay it to the UK government, so there would be no need for a handling fee. 'Online marketplaces' are responsible for paying the VAT.</p><p><br /></p><p>For coins over £135, the old regime applies, so 5% VAT + £8 or £12 handling fees will still be charged.</p><p><br /></p><p>In the past I've paid fees worth 40% of the coin's value (a £45 coin that got charged a handling fee). If handling fees are scrapped on low value coins this will save a huge amount on coins from outside the EU. CNG already charge the VAT up front since they import coins into the UK before sending them out - avoiding the handling fee. But coins over £135 from the EU will now be £8 to £12 more expensive because of the handling fee, not the tax.[/QUOTE]</p><p><br /></p>
[QUOTE="John Conduitt, post: 5353087, member: 109923"]5% VAT will apply (the UK has left the EU VAT regime), offset by not paying EU VAT. The deal with the EU should mean no import duty (usually a small amount anyway, 2.5% or so, paid on anything over £135). The problem isn't so much the VAT but the handling fee that's charged just for assessing it. The Royal Mail charge £8, while couriers charge £12. So for a £100 coin you might get a bill for £17 just to pay £5 tax. But with the new regime, it looks as if the seller is supposed to charge the 5% VAT up front on items below £135 and pay it to the UK government, so there would be no need for a handling fee. 'Online marketplaces' are responsible for paying the VAT. For coins over £135, the old regime applies, so 5% VAT + £8 or £12 handling fees will still be charged. In the past I've paid fees worth 40% of the coin's value (a £45 coin that got charged a handling fee). If handling fees are scrapped on low value coins this will save a huge amount on coins from outside the EU. CNG already charge the VAT up front since they import coins into the UK before sending them out - avoiding the handling fee. But coins over £135 from the EU will now be £8 to £12 more expensive because of the handling fee, not the tax.[/QUOTE]
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