By Gary FPosted Monday 17th November 2008 14:53 GMT
Will vat be going up to 20% in April to compensate for this change? The government don't give anything away for nothing. At least not to law-abiding, tax-paying citizens.
By Iain PurdiePosted Monday 17th November 2008 16:49 GMT
Any news on a higher rate for gifts? Currently they're VAT and duty free up to a value of £36. I'd assume this limit would also be raised - but to the same £105 or to higher?
By SomeonePosted Tuesday 18th November 2008 05:44 GMT
If you buy a digital camera from a US website for £104 today, there still won’t be a penny of Customs duty to pay. Digital stills cameras do not attract Customs duty.
Further, Customs duty is currently waived if it amounts to less than £7. So, if the item attracts 10% duty, that’s items up to £70 in value. For 5%, that’s up to £140. If this new rule completely replaces the old one, you’re going to be worse off for items with a rate x, where 0% < x < 6.66%.
By James PickettPosted Tuesday 18th November 2008 11:02 GMT
So, previously, the bar was £18 for both Duty and VAT, and now it's £104 for one and £18 for the other! I guess the gummint has to provide some new jobs somehow...
It probably is costing them more in admin to handle the low value items than they collect (civil servants don't come that cheap). If that's the case then they don't need to raise taxes as it's actually a cost cutting measure.
Comments on: UK govt cuts web shoppers a break
Customs charge calculation #
By Rik Hemsley Posted Monday 17th November 2008 14:31 GMT
Wow. So what's the catch? #
By Gary F Posted Monday 17th November 2008 14:53 GMT
Gifts? #
By Iain Purdie Posted Monday 17th November 2008 16:49 GMT
Bad Example #
By Someone Posted Tuesday 18th November 2008 05:44 GMT
Plus Royal Mail handling fee #
By Richard Turton Posted Tuesday 18th November 2008 07:37 GMT
Re: Duty on Cameras #
By Anonymous Coward Posted Tuesday 18th November 2008 09:45 GMT
Oh so very... #
By A Baird Posted Tuesday 18th November 2008 10:48 GMT
Joined-up #
By James Pickett Posted Tuesday 18th November 2008 11:02 GMT
probably no catch #
By Tim Posted Tuesday 18th November 2008 11:27 GMT
Re: Wow. So what's the catch? #
By Gordon Stewart Posted Tuesday 18th November 2008 12:07 GMT
@Bad Example #
By James Pickett Posted Tuesday 18th November 2008 13:01 GMT
There could only be.... #
By Frederick Karno Posted Tuesday 18th November 2008 14:48 GMT