06-11-2009, 11:50 AM
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#1
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Join Date: Sep 2009
Location: Singapore
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Will I get taxed the full 15%?
I have contacts of an iPhone wholesaler in the US and I would like to ship some to people over here in the UK.
So if I were to send 10 iPhones here for lets say £ X, would the person receiving it have to pay £ X plus £ 0.15 X?
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06-11-2009, 12:01 PM
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#2
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Join Date: Oct 2007
Location: UK
Posts: 5,561
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Re: Will I get taxed the full 15%?
Yes, they will be charged VAT of 15% when delivered. After January, it is going back up to 17.5%
there will be a service charge of £10 or £11 added by the delivery company also
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06-11-2009, 02:22 PM
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#3
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Join Date: Sep 2009
Location: Singapore
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Re: Will I get taxed the full 15%?
Quote:
Originally Posted by hardwareheroes
Yes, they will be charged VAT of 15% when delivered. After January, it is going back up to 17.5%
there will be a service charge of £10 or £11 added by the delivery company also
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Wow why is there an increase?
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06-11-2009, 02:58 PM
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#4
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Join Date: Aug 2009
Location: Brighton, England
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Re: Will I get taxed the full 15%?
Quote:
Originally Posted by bigbundleme
Wow why is there an increase?
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Because UK VAT is really 17.5%, it was put down to 15% due to recession for 12 months, ending in Jan.
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06-11-2009, 03:22 PM
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#5
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Join Date: Sep 2009
Location: Singapore
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Re: Will I get taxed the full 15%?
Quote:
Originally Posted by mickster505
Because UK VAT is really 17.5%, it was put down to 15% due to recession for 12 months, ending in Jan.
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Dang! It's so hard to keep track of taxes and all. Best to just state the price of items I'm selling without tax. That would be a hella of a time saver as the buyer can check for their respective taxes and come back to me.
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06-11-2009, 03:25 PM
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#6
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Join Date: Jan 2007
Location: UK
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Re: Will I get taxed the full 15%?
If you're exporting you should tell your customers to check any applicable charges with their local customs office. I wouldn't say it's anything you need to worry about, just so long as you make your customers aware that there may be charges applied to their order by their respective country.
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06-11-2009, 03:37 PM
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#7
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Join Date: Sep 2009
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Re: Will I get taxed the full 15%?
Quote:
Originally Posted by PT
If you're exporting you should tell your customers to check any applicable charges with their local customs office. I wouldn't say it's anything you need to worry about, just so long as you make your customers aware that there may be charges applied to their order by their respective country.
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Yes. Noted. I've made it a habit to use templates that include all the important details for the customer. I will set up an ecommerce store for bulk purchases with Yahoo ecommerce solution (hopefully and if my finance allows) and that would iron out all the shipping issues.
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06-11-2009, 08:27 PM
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#8
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Join Date: May 2009
Location: uk
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Re: Will I get taxed the full 15%?
You seemed to have forgot import duty.
Cost of goods including shipping cost +handling charge x 17.5% + import duty.
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06-11-2009, 08:29 PM
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#9
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Join Date: Oct 2007
Location: UK
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Re: Will I get taxed the full 15%?
Quote:
Originally Posted by crispydog
You seemed to have forgot import duty.
Cost of goods including shipping cost +handling charge x 17.5% + import duty.
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there is no duty on phones however
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06-11-2009, 08:58 PM
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#10
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Join Date: May 2009
Location: uk
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Re: Will I get taxed the full 15%?
Ahh didnt know that.
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