EU Import duties to be eliminated come 1st july

SkeeterUK · 8 Jun 2016 at 04:49

Dunno if this means anything for us with regards to gfx cards and cpus etc. But i just read this from videocardz site and it linked to this page.

http://forums.videocardz.com/topic/...tronic-products-eliminated-as-of-july-1-2016/

You reckon it will bring down the price of stuff for us if it does include things like gpus etc? Unless they are already done away with?

If we leave the EU tho due to the vote coming up we probably wont get this benefit yeah?

ukxenon · 8 Jun 2016 at 06:24

Hmm interesting

bayo000 · 8 Jun 2016 at 07:47

I'd guess we'd still benefit from it till the actual exit date. Even if the vote is to leave it means "nothing" till it's all negotiated and date fixed for exit.

andybird123 · 8 Jun 2016 at 08:38

GPU's are already 0% for import duty - we just get stung for VAT and a handling fee

StarShock · 8 Jun 2016 at 08:52

andybird123 said:
GPU's are already 0% for import duty - we just get stung for VAT and a handling fee

this^

Computer parts are duty free, and most of the items in that list are between 1% and 3% duty. The big killer is the VAT at 20% and that's sticking around.

Ben @ EVGA · 8 Jun 2016 at 09:09

andybird123 said:
GPU's are already 0% for import duty - we just get stung for VAT and a handling fee

This is correct, we have 0% import duty on VGA the difference in cost from US prices you see are down to

1) VAT @ 20%
2) Generally the US etailor/retilors do not make as much margin as in Western Europe. This is a generalisation of course but working closely with our US team we find the competition in the US drives margins lower for resellers.

Ben

chroniclard · 8 Jun 2016 at 09:16

Pound may take a hammering on leave/remain EU vote. Expect could see large price rises.

andybird123 · 8 Jun 2016 at 09:23

chroniclard said:
Pound may take a hammering on leave/remain EU vote. Expect could see large price rises.

with how low it is now, not very likely, I think that has already been priced in to the market

mahius · 8 Jun 2016 at 10:03

Man, all I want is to be able to buy things cheaper (don't we all lol)... I know that importing things from the EU is nice and easy currently. But that could change. I seem to recall that one must pay VAT on good imported from outside the EU, lke the US. Which kills off the idea of importing to save costs, since it ends up costing the same/more anyway due to tax and shipping costs.

gjc10212 · 8 Jun 2016 at 10:34

andybird123 said:
with how low it is now, not very likely, I think that has already been priced in to the market

Agree, the £/€ has seen worse times (pre referendum), expect a small slump and then I think it will continue as is (IMO).

Ben @ EVGA · 8 Jun 2016 at 11:10

gjc10212 said:
Agree, the £/€ has seen worse times (pre referendum), expect a small slump and then I think it will continue as is (IMO).

for most computer components the rate you need to look at is £/$ as this is the $ is the currency the majority of the units are purchased in. The Euro number is of little consequence.

~>Dg<~ · 8 Jun 2016 at 11:55

chroniclard said:
Pound may take a hammering on leave/remain EU vote. Expect could see large price rises.

people arnt happy about how highly priced most nvidia cards are at the moment.raising the price when you launching new gear = bad.

they need to shift units.so pricing needs to be right.

they wont go up.

chroniclard · 8 Jun 2016 at 12:01

They go up and down already with £/$ fluctuations.

Devious · 8 Jun 2016 at 12:37

I didnt think you got import tax now form the EU??? :confused:

Brazo · 8 Jun 2016 at 12:43

Devious said:
I didnt think you got import tax now form the EU???

You don't, so thread is somewhat irrelevant

SkeeterUK · 8 Jun 2016 at 13:51

Ah ok, sorry i brought it up then.

brawl3r · 8 Jun 2016 at 17:23

As I understand it, If we leave the EU everything will still be in place for the next 2 years.
We wont have to pay import tax and so on. The pound is not very strong against the dollar at the moment, even worse the Euro, but our living standards are so much worse than Germany ect, and with Vat and the bad exchange rate we get bum ******.

Mayh3M · 8 Jun 2016 at 17:25

chroniclard said:
Pound may take a hammering on leave/remain EU vote. Expect could see large price rises.

In the short term, there's no question whatsoever. The pound loses value whenever Brexit takes a lead in the polls - imagine if we actually leave.

Whatever view you take on the referendum, the short term impact is clear.

D1craig · 8 Jun 2016 at 23:31

Since when do companies pass on these savings? Fuel tax went down lots so it went down a little bit for the customer.

Will just be profit margin for companies.