Tax

[LukasMcNeal]

If I were to buy a frame from biketrial seller for £80/90gbp and it were sent as a gift I wouldn't have to pay tax right? But if I were how would I be charged would it be vat as in 17.5% or something?

[DannyBazz (:]

If I were to buy a frame from biketrial seller for £80/90gbp and it were sent as a gift I wouldn't have to pay tax right? But if I were how would I be charged would it be vat as in 17.5% or something?

They don't charge anything, because it is sent as a gift

[Robwalker]

Couple of bits from HMRC website will give you a bit of an understanding.

Or if you just want a rough idea -

About VAT

What is the value for VAT?

The value for VAT is the declared value of the goods plus the transport costs to the country of destination plus the customs duty.

Example of Duty calculation

Goods 2 special edition "Hits of the 80's" CD sets

Value of goods £80 +

Transport to the UK £35

Total value for Duty £115 x 3.5% Duty = Total Duty payable £4.02

Example of VAT calculation

Value of goods £80 +

Transport to the UK £35 +

Duty charges £4.02

Total value for VAT £119.02 x 17.5% = Total VAT payable £20.83

Therefore the total import Duty and VAT charges payable on import of these goods would be £24.85

p.s. Im assuming biketrial is a non eu country? I need to keep up to date with all these different shops

[Rusevelt]

Yeah i found that out on monday when orderng a new stem from tartybikes. Only £2 increase though

[Phatmike]

They don't charge anything, because it is sent as a gift

Wrong, if the value of the item and the cost of postage are over £18, then it will be charged. If it's not marked as a gift, that figure goes up to £36.

On something around £80-90, expect to pay roughly 20-25%