Brexit and orders from China via Post NL to UK after 1st Jan
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#11 (permalink)      1/1/2021 6:34:55 AM US Central   quote/reply + tips
PeteWdev
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The rules have changed as of today, as the UK is now no longer part of the EU-VAT scheme. The UK now has it's own different rules for how it deals with VAT on imports.

https://www.gov.uk/guidance/vat-and-overseas-goods-sold-directly-to-customers-in-great-britain-from-1-january-2021


For example:
"Consignments valued at £135 or less
The seller must charge and account for VAT at the point of sale"

This means that technically, FastTech needs to register with HMRC for VAT and charge UK VAT at point of sale to UK customers. Also keep VAT records, pay the VAT collected on to HMRC, etc.

(The £15 allowance is also gone BTW).

I seem to have read somewhere that it may be possible that the packet is kept at the local post office, and handed over in exchange for paying the VAT (and poss. duties).
#12 (permalink)      1/1/2021 7:50:19 AM US Central   quote/reply + tips
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analogueman
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PeteWdev wrote:

This means that technically, FastTech needs to register with HMRC for VAT and charge UK VAT at point of sale to UK customers. Also keep VAT records, pay the VAT collected on to HMRC, etc.


Indeed, though this is mainly aimed at capturing duty now owed on purchases made from an EU Member State, as UK buyers are no longer obliged to pay the sales tax levied by that Member State. The new (and unenforceable outside the EU) rule will have little or no effect on other sellers around the globe.


PeteWdev wrote:

I seem to have read somewhere that it may be possible that the packet is kept at the local post office, and handed over in exchange for paying the VAT (and poss. duties).


Which is exactly what we do now, when one gets that grey (you owe money) card through the letterbox when something's been nabbed.


Edited on 1/1/2021 at 8:52 AM. Reason:
It's twelve inches long, but don't use it as a rule...
#13 (permalink)      1/16/2021 11:16:39 PM US Central   quote/reply + tips
Swetnam1
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no trade deal with china yet, another auction site app is charging 20% tax on all purchases even those a few pounds and its weird how the shippings gone up, maybe to compensate?