Importing 2nd hand stuff from America

Chabsy · 15 Sep 2006 at 20:12

Im looking at importing a watch from a seller in USA he wants $1250 for it which is a very good price for a 5 month old watch (Breitling superocean chrono).

Would i get hit for the tax on the new price or the price i paid for it. New its £1750 ish, list is over 2k and what rate would i pay.

Thanks

nutcase · 15 Sep 2006 at 20:18

He should declare the value on the box, and that with the postage cost is what you are taxed on (grr @ them adding the postage cost!). However, if they suspect the value written on the box is too low they will asses the value and tax you on that.

Dr House · 15 Sep 2006 at 20:19

nop my last $1000 watch got hit with £100 tax. This was because It was valued at $1000 for the insurance

Chabsy · 15 Sep 2006 at 20:28

Paras said:
nop my last $1000 watch got hit with £100 tax. This was because It was valued at $1000 for the insurance

Is that all you paid or was there VAT on top?

jamoor · 15 Sep 2006 at 20:28

Chabsy said:
Im looking at importing a watch from a seller in USA he wants $1250 for it which is a very good price for a 5 month old watch (Breitling superocean chrono).

Would i get hit for the tax on the new price or the price i paid for it. New its £1750 ish, list is over 2k and what rate would i pay.

Thanks

make sure 100% that its genuine, otherwise forget it.