Alot of you guys my already know the implications of importing international parcels, but those that don't, please be aware that our friendly HM Revenue & Customs chappies will want their slice of your pie.
Apparently, if it's goods sent from a company the threshold starts at £18 and if it's goods from friends, marked as gifts, then the threshold starts at £40.
The charges are the standard UK VAT rate for the tax man then the courier company will want an additional handling charge for payment they have to make for the customs charges.
As an illustration, I bought goods to the value of £77+ including the US carriage costs. Then when the goods get to the UK, VAT is charge at £13.04 then Parcelforce want a payment of £8 for paying the VAT on my behalf. So my £77+ as cost me £98+.
With VAT destined to go up to 20% the VATman will be getting an even larger slice of your pie.





