The Wholesale Forums

[wba88]

Hi, If i imported a few in car dvd players from either U.S.A. or China would i be eligable to pay both VAT and Import Duty or just VAT? I am in Ireland. What percent is Import Duty? Thanx

[greedyboy]

Any import from outside the EU will be liable for both TAX and DUTY.

Duty is paid to control imports. For example if your country has a large manufacturing industry for shoes, the Government may charge a much higher rate of duty to protect the domestic shoe industry. However duty is most commonly charged at anywhere between 0 and 10%.

VAT or Tax is what the Govenment take of you as a 'TAX', this is a standard percentage 17.5% for the UK for instance. You can claim this back if you are a VAT registered business.

As for the exact rates of both the above, you can look here http://www.revenue.ie/index.htm?/ser...in_taxhead.htm

I hope this helps.

[wba88]

thanx a mil for that info