The Wholesale Forums

[ChargedUP!]

I have recently started importing RC cars and helicopters from China and have recently took delivery of some products. When I first started to import them, my supplier marked them as a gift (without me asking to do that) and hence i never paid import tax on them (was only a couple of units anyway so wouldnt have been much). The second time I was waiting for the goods, and they got held up in customs for a couple of days and I received an invoice which needed paying to parcelforce before the goods were released and delivered to me.
Now, I received 3 parcels each containing about 10 items earlier this week. All correct invoices were included in with the delivery note and were all worth approx £400 GBP each. I received all cartons on Monday with no notice of any Import Duty/TAX to be applied to any of the cartons. Whats happened here, is this standard and will I receive a bill further down the line?

As Im a newbie, any pointers and help would be brilliant! Thanks, Anthony

[D M]

Which courier did you use? Parcel Force again? If so they always expect payment before delivery. So no you won't be billed further down the line .

[ChargedUP!]

Thanks, was just wondering how this can happen though as everything was declared etc. As I have started doing this more frequently now it I was hoping to keep all my books straight so I pay the right amount of tax etc. What should I do about this? Does it happen often?

Thanks
Anthony

[D M]

Yes, I think it happens often with Parcel Force. Try DHL, they'll bill you weeks later so you have time to sell.

You can contact customs if you want to declare your tax.

[blueheaven]

Hello friends, suppose a Company purchased supplies account for $2000. Due to an error in posting, the inventory account was debited for only $200 when accounts payable was credited for $2000. During this which phase of the accounting cycle would this error be discovered? And which of these accounts would normally have a debit balance? Thank you in advance for your suggestion.
__________________
Arizona PEOs

[Anthony]

@ blueheaven, please do not write in different colours. Use the default forum font, colour, size and type.

Thanks