Here what I found on the internet:
Calculating UK Duty and VAT
Here is a simple example to show you how to work out the costs of both UK duty and VAT:
Goods purchased from outside of EU (converted from USD to UK£) £5000.00
UK Duty at 3.5% £ 175.00
Cost of shipping to UK £ 500.00
SUB TOTAL £5675.00
VAT @ 20% on sub-total £1135.00
TOTAL COST INC. UK DUTY & VAT £6810.00
So in this example, the total of UK duty and VAT (tax) payable to import these goods to the UK is £175 + £1135 which is £1310, along with the shipping cost of £500.
After Brexit everything might change...
|