Sprunghub Posted December 5, 2022 Share Posted December 5, 2022 On 11/12/2022 at 10:43 AM, Richard Mellish said: Anyone in the UK considering buying this box will also need to be prepared for a steep import charge. It was an extra 20% on the D-A Anglo that I bought from Donovan in South Africa. Whilst this is - on the one hand true, it's not a "steep Import charge", per se, it's Duty at the same rate as VAT....same as you would have to pay on the instrument if bought from a business in the Uk or if you bought anything else into the country that was due 'tax'? The "charge/Duty/Tax", call it what you will is calculated by virtue of a % rate ie. the 20%VAT/ID rate against the "declared" purchase price.....ie. that price declared for the purpose by the seller on the Customs Form CN23. It also - unfortunately - includes a 20% charge on the carriage costs. That all adds up, especially with the potential Insurance cover also being adjusted to whatever the 'declared' price is too. I have a feeling that in the USA - for commercial sellers at least, there is a 'Federal' law issue around under declaring value so as to "manage" the tax charge for buyers at the receiving end? Probably all started with 'tea'! Whether that applies to 'private' sales, I don't know, but whether it does or not, for those who are not risk averse, import into the Uk at a 'declared' value will only ever create a charge of 20% of goods + carriage. Who is to say what an "old Squeezebox" is really worth.....you cant wear it or eat it.....It's RRP back in the day when it was made was only a few £'s. As long as seller and buyer are happy with whatever £/$/€ has been exchanged and the risks are accepted by the buyer if insurance value is under-stated, it doesn't have to be a huge sum or a 'shock' on arrival. They are not likely to "lose" a parcel the size of a concertina and if it is packed to be 'bomb-proof' personally, I would 'compensate' ( at least ) the 20% into the value declaration. Truth is I'd probably compensate 75% in !! but that's just me. Many (most?) insurers only cover for 'loss' anyway on musical instruments rather than damage. Quote Link to comment Share on other sites More sharing options...
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