How to calculate custom duty and VAT when importing into the UK? [Step by step guide]

How to calculate custom duty and VAT when importing into the UK?

In this video we have discussed import duties and practically demonstrated the steps involved in the calculation.

When you import goods to the UK, you must pay the customs duty and the tax on excise goods. The duty is in addition to other taxes, such as the sales tax and the value added tax. However, there are exceptions. In some cases, you do not have to pay excise duty if the goods are not excisable.

Duty rates will depend on the value of the goods and the rate of duty in each case. The valuation of goods is done in accordance with generally applicable customs valuation provisions. Moreover, excise duties are calculated based on the quantity of goods brought into the country, as well as the rate of duty.

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[ilkbaharkunduzu]

If the sale has already taken place on Amazon, and I ship the product from my country to the final consumer in the UK, with VAT already collected and an EORI number in hand, what are my obligations? My intention is not to burden the customer with any additional costs. I wish to cover any potential import duties if customs imposes them. Will the presence of an EORI number facilitate the clearance of the package, allowing me to later invoice and pay directly to HMRC based on that record?

[MR-mnlb]

Why are you paying £200 ontop of the payable VAT of £2040 when the total Value from the VAT calc already included the custom duty (the £10000 plus £200)

[JashnInternational]

Great content. want to import from India ? I will be happy to help you