RE: FN-FORUM: Import & Export Costs?

date posted 7th August 2004 11:10

>Thanks for all the info guys, I assume landed cost means the total the
client paid for the products not they're cost here?=20
>And that can be claimed back yeah?

The landed cost is the cost of the goods in the USA, plus the cost of
shipping them to the UK (including insurance) plus the cost of clearance
through customs. Duty is then calculated on that figure, and then VAT =
is
lumped on top of that, e.g.

Purchase price $1,000.00
Shipping costs $125.00
Clearance costs $50.00
Total landed cost =3D $1,175.00

Sterling equivalent approx =A3640.00

Duty =3D (e.g.) 6% =3D =A338.40

Total for VAT =3D =A3678.40

VAT =3D =A3118.72