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CMSL - Import Duties/VAT

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Skoti:
More harmful hidden charges:-

JUST this week, we’ve discovered that now we are out of the EU-wide Interchange Fee Regulation, which used to cap credit card fees at 0.3%, Mastercard is now raising its fees to 1.5% for UK customers on any items bought in the EU.

To add irony to injury, it might have been way more than 1.5% if the EU hadn’t also negotiated a cap for non-EU credit cards.


I found this report in a National UK newspaper, so it obviously needs to be verified by contacting your bank or credit card provider.

Athame57:

--- Quote from: Skoti on January 27, 2021, 09:48:04 AM ---
JUST this week, we’ve discovered that now we are out of the EU-wide Interchange Fee Regulation, which used to cap credit card fees at 0.3%, Mastercard is now raising its fees to 1.5% for UK customers on any items bought in the EU.

--- End quote ---
EEEEEE....don't use Mastercard!  ;D

Sgt.Pinback:

--- Quote from: Skoti on January 26, 2021, 12:40:51 PM ---Meanwhile some info for those of us residing in the EU.

Getting stuff from the UK is obviously no longer going to be as cheap, but at least DS has made it simpler and easier with his DDP system. (Delivered Duty Paid).


  https://www.davidsilverspares.co.uk/terms-and-conditions/

--- End quote ---

As far as I understand, getting parts from David Silver here in G will be  around + 4%:

Sales price excluding UK VAT (-20%) + German VAT + 19% + German customs duty +5 = + 4% in toto

Nurse Julie:
[ Guests cannot view attachments ]

Skoti:
And to complicate matters further the VAT procedure from 1st July 2021 is due to change:-

Imported consignments of goods not exceeding £135 are subject to sales (supply) VAT instead of import VAT.
This should be charged to the UK consumer by the UK or non-UK seller in the checkout at the point-of-sale.

The seller must then report and pay the collected VAT through a regular UK VAT return.
A simplified customs declaration will still be required. Goods above this value are be subject to VAT and customs in the old way.

https://www.avalara.com/vatlive/en/vat-news/uk-post-#@%$-vat-on-e-commerce-b2c-imports.html


So I think we pay the sales VAT directly to the seller instead of the shipping company or Royal Mail.
I suppose this makes things a little easier in the UK when buying stuff from the EU and vice versa...

 

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