UK Customs Import Duty Calculator
The UK Customs Import Duty Calculator helps you determine the amount of import duty and VAT you will need to pay when importing goods to the UK. It takes into account the value of the goods, their category, and the country of origin.
Example Calculation
Value of goods: £1500, Electronics, Non-EU Country, Import Duty Rate: 12%, VAT Rate: 20%. The import duty would be £180, VAT would be £336, and the total cost would be £2016.
Why It Matters
Knowing your potential import duty and VAT costs is crucial for estimating the total cost of imported goods and avoiding unexpected charges at customs.
Smart Strategy
Ensure you factor in the import duties and VAT when calculating the cost of importing goods to the UK, as this can significantly impact your budget.
FAQs
How are import duties calculated? Import duties are calculated based on the customs value of the goods, which includes the purchase price, shipping, and insurance.
Do I pay VAT on the import duty? Yes, VAT is applied to the total value of the goods including import duties.