Re: FN-FORUM: Import & Export Costs?

date posted 7th August 2004 08:34

From: "KKC TFXWeb" [EMAIL REMOVED]
> Yep - import duty and VAT (reclaimable if registered). From recollection
> (and its been quite a few years since I was in the shipping industry),
> Import Duty is calculated on the 'landed' price in the UK (i.e. cost of
the
> goods, freight costs and insurance), and then VAT is levied on the landed
> price plus Import Duty. Check out the HMC&E web site where you should be
> able to find info on this
> http://ww2.hmce.gov.uk/business/importing/importing.htm


I can confirm the information above - Import Duty and VAT is on Landed
Price. Ask your friend to mention that he is exporting the goods when he is
buying them, and the company *should* knock off any taxes at their end.

John Anderson
Soaring Penguin Ltd.