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Old 15 January 2006, 08:38   #11
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Quote:
Originally Posted by The Garfish
tel im hee neads a beter acowntant.

gArf
She, is an accountant.
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Old 15 January 2006, 08:45   #12
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Sails for boats have tarrif No. 6306310000.

They are subject to 12% import duty from the USA. You can see all the different duty rates for all products at the EU web site here

http://europa.eu.int/comm/taxation_c...h=01&Year=2006

The value for duty purposes is the purchase price including freight and insurance.

The landed cost of the goods (Purchase price, freight, insurance and duty) will then be subject to VAT.

Quote:
Originally Posted by codprawn
Couldn't you say they are cloth for children's clothing - no VAT on them!!!

Fabric for Kids clothes is subject to import duty and Vat. The VAT is reclaimed by the manufacturer and is not charged to their customer.

Its a black art getting the right tarrif code when importing some things (especially textiles) but in the case of sails it is pretty definite what the code is.
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Old 15 January 2006, 08:52   #13
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Quote:
Originally Posted by Mollulnan
Import duty and VAT! My ex imports skiwear from Asia and gets hit for every penny. If you lie about the contents of each consignment to pay less import duty the Taxman gets you for making more profit.
Plus you can get previous shipments re-examined and fined any unpaid duty and VAT and are at risk of prosecution for tax avaoidance.
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Old 15 January 2006, 09:06   #14
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Could Mike be a member of Her Majesty's C&E Dept.? He's dead right. It's well risky to try avoiding it unless you have a mate whom is a freight handler. Fedex etc are well clued up on clobbering you for every penny.
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Old 15 January 2006, 09:24   #15
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Country: UK - England
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Quote:
Originally Posted by Mollulnan
Could Mike be a member of Her Majesty's C&E Dept.? He's dead right. It's well risky to try avoiding it unless you have a mate whom is a freight handler. Fedex etc are well clued up on clobbering you for every penny.

Rest Easy, I buy textiles (among other things) for a living. We import about 5 containers a month of mostly towels & bed Linen.

I recently got a refund of over £25K by reclassifying one product but you have to do it in conjunction with HMCE. Its also useful to do your homework before hand to make sure that you get charged correctly. Its all too easy for the forwarder to get the codes wrong when making the customs entry.
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