Import tax uk how much

These are extra import duties imposed on goods in addition to the normal duties that apply. The purpose of these charges is to prevent cheap imports from countries with lower material and labour costs damaging EU industry.

VAT is payable on goods at the rate that would apply if they were bought in Ireland. The value of the goods for calculating the VAT is the customs value described above plus:. The following examples show how to calculate what you owe on goods when you buy online from outside of the EU. These examples are not exhaustive. However, they provide a range of goods and duty rates.

The method of calculation can be applied to any goods. Some websites may include duty and tax in their prices. Published: 01 July Please rate how useful this page was to you Print this page. It looks like you have JavaScript disabled. The Harmonised code system HS CODE is a globally universal system which is shared by all countries to identify and classify just about every product ever created and in circulation!

This means that regardless of which countries the goods are travelling to and from, the HS CODE will ensure the goods are treated correctly as they pass in and out of customs authorities.

To use the Trade Tariff , first ensure you set the country you are importing from. This is important as the UK has set up trade agreements with some countries which can reduce duties. Most of the time, if duty is not payable then VAT will be removed too. The GSP Generalised System of Preferences scheme allows for some products being imported from certain countries to be charged at a lower duty rate or even zero duty. This EU scheme was put in place to allow suppliers in developing countries to trade more easily throughout the world.

If you fall into this scheme as in importer then your buying costs will be much lower, allowing you to either cut your selling prices to hold back competitors or increase margins. How much duty you pay will depend on the country that is exporting to the UK.

If your product supplier is covered by the GSP scheme, they will be able to provide you with a Form A Certificate of Origin stamped and signed; using this when the goods arrive in the UK will show customs that the goods fall into the GSP scheme and that the duty rate is lower or not applicable.

We understand not everyone has the time to perform manual calculations, especially those with thousands to complete in a short space of time. Why not try one our SimplyDuty tools? Press enter to begin your search. Department of Commerce Export Assistance Centers. Responsibility for meeting customs obligations at import falls on the importer of record. Incoterms — international commercial terms used for cross-border movements of goods — establish the obligations of the seller and the buyer, including which party is responsible for import.

For example, under Ex Works EXW , the buyer is responsible for everything from export clearance at the start of the journey to import clearance and payment of customs duties at the end of the journey.