new VAT rules for imports from 1st jan 2021

[Frogprince]

Do you have evidence of this

a bedside drawer full of evidence, it's safest place to keep evidence being stolen in the night im told.

 

[Rickster]

i think it says customs fees are only for value of £139 and above, same as now. but with this all being done at the point of sale it would seem to be planned to reduce interventions at the customs point. but who knows.

i still wonder how it will work though. let’s say fasttech decide fuck it, we’re no registering for vat. what could they do? the uk has no jurisdiction over them. they are already sending us cloned atties and dangerous sex toys. i think sellers in the eu might be most likely to obey these rules.

Ah....£139 is about a 15 year spend on fasttech, so that's safe..... they wont just say fk it though, as I said word would spread quickly, all their parcels would get flagged, and as many as possibly seized, leaving you the buyer with fk all, and them claiming you knew the no VAT risk.... I don't think that as a business model is likely to happen.

As it stands the risk is small at the minute..... but this new rule, well... they would have to add on the slip/address that VAT was paid.... then ignore HMRC for monies.

Because FastTech sends products from Hong Kong (a free port), there is no sales tax or duties imposed by the Hong Kong government. Customers do not have to pay any sales tax or export duties when they purchase from FastTech.

Statistically, well less than 1% of all orders have ever got opened by the Customs in customers' home countries. If a package were to be checked by the customs office of the customer's country, customers have to cover for import duties, tariffs, and taxes.

Although the chance of packages assessed by the customs is small, FastTech encourages customers to check with their local customs office for potential import taxes, duties, and tariffs, prior to placing an order. In addition, some products may require special licenses or permits to import (such as high powered lasers). FastTech is not responsible for products confiscated by the customs in customers' countries.

 

[BigCloud]

a bedside drawer full of evidence, it's safest place to keep evidence being stolen in the night im told.

there is better places to hide them

 

[zouzounaki]

Ah....£139 is about a 15 year spend on fasttech, so that's safe..... they wont just say fk it though, as I said word would spread quickly, all their parcels would get flagged, and as many as possibly seized, leaving you the buyer with fk all, and them claiming you knew the no VAT risk.... I don't think that as a business model is likely to happen.

As it stands the risk is small at the minute..... but this new rule, well... they would have to add on the slip/address that VAT was paid.... then ignore HMRC for monies.

Because FastTech sends products from Hong Kong (a free port), there is no sales tax or duties imposed by the Hong Kong government. Customers do not have to pay any sales tax or export duties when they purchase from FastTech.

Statistically, well less than 1% of all orders have ever got opened by the Customs in customers' home countries. If a package were to be checked by the customs office of the customer's country, customers have to cover for import duties, tariffs, and taxes.

Although the chance of packages assessed by the customs is small, FastTech encourages customers to check with their local customs office for potential import taxes, duties, and tariffs, prior to placing an order. In addition, some products may require special licenses or permits to import (such as high powered lasers). FastTech is not responsible for products confiscated by the customs in customers' countries.

all i can say is that they seem to be flouting it at the minute, two days in.

 

[Rickster]

all i can say is that they seem to be flouting it at the minute, two days in.

and prob will as long as they can

 

[crustyfolker]

Without reading the whole thread a couple of things i thought about are.

1. This could lead to our friends in the far east leaving the forum which means less income to keep it running.
2. it could lead to prices lowering from China so they compete with UK prices as they do now
3. Since Don Fart got voted out the UK Pound has gained some momentum and is now an extra 15c for every UK pound. If it keeps improving we might get back to the One Dollar 50 cents per quid like when i began vaping. The VAT is then covered by the increase in the UK£'s value against the US$
4 The £15 allowance will no longer be in force so what happens if the item is a gift ?.

 

[andipandi]

4 The £15 allowance will no longer be in force so what happens if the item is a gift ?.

it will be subject to Supply VAT

Edit: not detailed below for gifts, but it's my understanding whether purchased or a gift, the value of said product is subject to VAT

Double Edit: I'm not sure tbh, see post 16 in this thread, I'm going to attack the Jim Beam, fuck it.

Summary of changes

From 1st January, 2021:

• The import VAT exemption policy for goods of £15 and below will be cancelled.

• Import VAT will no longer be levied on goods of £135 and below. In replacement, Online Marketplaces (OMPs) or overseas sellers will be responsible for collecting and accounting for Supply VAT at the point of sale.

• Goods above 135 pounds will follow the existing policy, and import VAT will be levied.

• Therefore, overseas sellers and OMPs must register for a UK tax number (UK VAT) and collect VAT payment in accordance with the new policy.

• This policy is expected to speed up customs clearance and import of goods with a value of 135 pounds and below.

 

[zouzounaki]

it will be subject to Supply VAT

Edit: not detailed below for gifts, but it's my understanding whether purchased or a gift, the value of said product is subject to VAT

Double Edit: I'm not sure tbh, see post 16 in this thread, I'm going to attack the Jim Beam, fuck it.

Summary of changes

From 1st January, 2021:

• The import VAT exemption policy for goods of £15 and below will be cancelled.

• Import VAT will no longer be levied on goods of £135 and below. In replacement, Online Marketplaces (OMPs) or overseas sellers will be responsible for collecting and accounting for Supply VAT at the point of sale.

• Goods above 135 pounds will follow the existing policy, and import VAT will be levied.

• Therefore, overseas sellers and OMPs must register for a UK tax number (UK VAT) and collect VAT payment in accordance with the new policy.

• This policy is expected to speed up customs clearance and import of goods with a value of 135 pounds and below.

don’t think it applies to gifts or private sales (non business). from the gov guidance:

Non-business sales
Sales made by persons who are not in business are outside the scope of these measures. This includes gifts and consignments sent from consumer to consumer. Guidance on whether an activity is a business activity or not for VAT purposes can be found in the Non-business manual

Import VAT liability and exceptions to the new rules
Consignments not exceeding £135 in value subject to the new measure will still need customs declarations and be subject to normal customs processes and procedures.

The new arrangements mean that import VAT will no longer be collected on consignments not exceeding £135, except for the following types of consignment, which are outside the scope of the new arrangements:

• non-commercial consignments, such as gifts (gift relief for consignments valued up to £39 will remain)
• consignments containing any goods that are subject to an excise duty
• consignments from Jersey and Guernsey that are covered by the Import VAT Accounting Scheme

 

[eyeball kid]

I experience similar when reviewing porn sites. And then factor in the toilet roll shortage this year, it was a nightmare.

I know mate. I saw some of the savage replies to your excellent summation of tub jumper. Cruel stuff.

 

[Mawsley]

I know mate. I saw some of the savage replies to your excellent summation of tub jumper. Cruel stuff.

Checkout GILF Cumpilation 27 - those guys got venal on my comments.