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<p>[QUOTE="robp, post: 5413629, member: 96746"]Import VAT will be 5% for anything other than 'investment gold' which is defined as post-1800. That has zero Vat on it. i.e. sovereigns etc have no VAT. The courier or post office will also charge an admin fee for collecting the import VAT which last time was £11.50, I think. </p><p><br /></p><p>I'm not sure why the value being declared is a problem. Anything else being imported would have costs, so coins being taxed up to 5% has to be a better option than mis-describing it and risk having VAT at 20% imposed. £50 per thousand isn't going to break the bank if you are spending thousands in the first place.</p><p><br /></p><p>People are being unreasonable in their expectations if they expect the auction house or anyone else to lie about contents or value as they get no benefit from it, and a possible shedload of hassle in the future just to help the recipient commit a crime in not declaring taxes. Or put another way, would you go out your way to break US law when exporting to there, given you obtain no gain for doing so and risk being pursued for offending? If people are unwilling to follow the rules - don't buy in the first place.[/QUOTE]</p><p><br /></p>
[QUOTE="robp, post: 5413629, member: 96746"]Import VAT will be 5% for anything other than 'investment gold' which is defined as post-1800. That has zero Vat on it. i.e. sovereigns etc have no VAT. The courier or post office will also charge an admin fee for collecting the import VAT which last time was £11.50, I think. I'm not sure why the value being declared is a problem. Anything else being imported would have costs, so coins being taxed up to 5% has to be a better option than mis-describing it and risk having VAT at 20% imposed. £50 per thousand isn't going to break the bank if you are spending thousands in the first place. People are being unreasonable in their expectations if they expect the auction house or anyone else to lie about contents or value as they get no benefit from it, and a possible shedload of hassle in the future just to help the recipient commit a crime in not declaring taxes. Or put another way, would you go out your way to break US law when exporting to there, given you obtain no gain for doing so and risk being pursued for offending? If people are unwilling to follow the rules - don't buy in the first place.[/QUOTE]
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