I'm importing stock from Hong Kong, will I have to pay VAT?

Is there anyway around it? Or does everyone have to pay vat on items imported?

thanks.

How much are the goods worth and what are they?

Originally Posted by purpleronnie

I'm importing stock from Hong Kong, will I have to pay VAT?

Is there anyway around it? Or does everyone have to pay vat on items imported?

thanks.

No there is no way around it & yes you have to pay it :niceone:

__________________
Wholesale Mobile Phones Mobile Distribution Solutions Ltd, UK based supplier - Importing/Exporting Apple Iphones, Nokia, Samsung, HTC & Sony Ericsson handsets.

Stock will only total $500.

Will I pay 15%?

thanks.

Originally Posted by purpleronnie

Stock will only total $500.

Will I pay 15%?

thanks.

You will pay VAT & Duty depending on the what the item is you have purchased.

__________________
Wholesale Mobile Phones Mobile Distribution Solutions Ltd, UK based supplier - Importing/Exporting Apple Iphones, Nokia, Samsung, HTC & Sony Ericsson handsets.

What type of goods are they ?

__________________
:niceone:

Stick Around and Learn to Earn

Mobile Phones Forum

www.hardwareheroes.co.uk - UK Specialist dropshipper - first class service / first class post

So does the seller pay any VAT, or can the VAT be included in the price you pay to the supplier? As I've read on here that sometimes they (the supplier) do so the importer (me) doesn't have to, or have I got the wrong end of the stick?

Hi, there's an old thread about VAT (only difference, now at 15%):
Importing from China in to the UK. A few questions.
For duties, you can look up your product in the hated, messy "tariff":
http://www.businesslink.gov.uk/bdotg/action/tariff
Hope this helps

Nice, first post sbriso - now post an introduction in the relevant forum

http://www.thewholesaleforums.co.uk/...duce-yourself/

__________________
:niceone:

Stick Around and Learn to Earn

Mobile Phones Forum

www.hardwareheroes.co.uk - UK Specialist dropshipper - first class service / first class post

Am I right in saying if the total cost of the items imported is less than £290 theres a flat rate of customs duty of 2.5%.

Plus I read that customs duty is only paid on imported goods of more than £120, if thats true would my supplier sending 2 packages instead of 1 larger one be to my advantage?

thanks.