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    1. Iucounu is offline

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      #1

      Reclaim import VAT and calculate import duty

      I am importing goods into the UK for the first time. Looking for advice on import duty and VAT.

      How do I arrive at the value for import duty? Is there a standard fee or does it vary?

      Can I reclaim the VAT on imports? How can I do that?

      No niggles please. I have been trading for years; however, I have always employed UK suppliers.

      Thanks for helping me out.
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    2. PatrickTwist is offline

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      #2
      VAT can be reclaimed on imports. And you have to calculate the import duty tax yourself.

      You may get away with not having to pay an import duty tax if -

      • you are importing the goods from within the EU
      • the import duty tax was previously paid by another EU country

      I'm not going to get into a math lesson on how to calculate import duty. It is a combination of product type, amount, worth, and where it's coming from. There are online calculators like this one that’ll help you out:

      New Duty & VAT Calculation | The Duty Calculator

      You can also review the HMRC site for specific instructions. HM Revenue & Customs: Goods supplied onward to another EU country: VAT relief is a good place to start if you like. Also, there is no flat import duty. It always varies.

      VAT must be paid on all imports. If the import is from another country in the European Union it is called acquisition VAT. That can be reclaimed as well.

      In order to reclaim VAT -

      • Get a C79 certificate, you will need this to claim VAT and handle inspections
      • Claim the business expense - make sure to specify the period when you import goods
      • if you import from outside EU you need a Customs Identification Number (EORI)

      It really is easy once you get going. A bit of paperwork involved, but it's always nice to get money back.
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    3. ZooZooJules is offline

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      #3
      VAT can be reclaimed on goods imported from outside and within the European Union.

      There are six different methods to calculate import duty. Best thing to do is review the HM revenue and customs.

    4. Nataliez is offline

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      #4

      Quote:

      Originally Posted by PatrickTwist View Post
      VAT can be reclaimed on imports. And you have to calculate the import duty tax yourself.

      You may get away with not having to pay an import duty tax if -

      • you are importing the goods from within the EU
      • the import duty tax was previously paid by another EU country

      I'm not going to get into a math lesson on how to calculate import duty. It is a combination of product type, amount, worth, and where it's coming from. There are online calculators like this one that’ll help you out:

      New Duty & VAT Calculation | The Duty Calculator

      You can also review the HMRC site for specific instructions. HM Revenue & Customs: Goods supplied onward to another EU country: VAT relief is a good place to start if you like. Also, there is no flat import duty. It always varies.

      VAT must be paid on all imports. If the import is from another country in the European Union it is called acquisition VAT. That can be reclaimed as well.

      In order to reclaim VAT -

      • Get a C79 certificate, you will need this to claim VAT and handle inspections
      • Claim the business expense - make sure to specify the period when you import goods
      • if you import from outside EU you need a Customs Identification Number (EORI)

      It really is easy once you get going. A bit of paperwork involved, but it's always nice to get money back.
      Good information. Importing isn't that big of a hassle. It's really about keeping paperwork in order.

    5. Luis21 is offline

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      #5
      It's easy to reclaim VAT. Just make sure you keep the C79 certificate. If you lose it you need to send postage to receive a new one.

      The address is the VAT central Unit at the HMRC headquarters.

    6. Iucounu is offline

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      #6
      When I looked at the import duty tax myself I was just left confused. The six methods aren't the clearest for me - I hate math

      Thanks for the link to the calculator.

      Glad to know I can reclaim the VAT. As you say, it is always good to get money back when you can.

      Am I able to reclaim the import duty?

    7. ZooZooJules is offline

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      #7
      Don't feel bad. I have someone who crunches the numbers for me.

      Not sure about reclaiming duty.

    8. Sell_It_3289 is offline

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      #8
      You can reclaim the VAT and the import duty might have already been paid. Check with your supplier for all the VAT and import information.

    9. PatrickTwist is offline

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      #9

      Quote:

      Originally Posted by Iucounu View Post
      When I looked at the import duty tax myself I was just left confused. The six methods aren't the clearest for me - I hate math

      Thanks for the link to the calculator.

      Glad to know I can reclaim the VAT. As you say, it is always good to get money back when you can.

      Am I able to reclaim the import duty?
      No you cannot reclaim duty, just VAT.

    10. Iucounu is offline

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      #10
      Good to know more about what I’m getting into. that's why I came on the forum, to see what to expect.

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