Re: Deliveries from Europe to UK question to ponder
Posted: Fri Jan 22, 2021 9:26 pm
And sometimes the 'intellectuals' are right and denial ceases to just be a river in egypt.
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FreddBloggs wrote: ↑Fri Jan 22, 2021 7:57 pmYou do mot pay for chief, but it is so clumsy a software company has done an overlay to make it a lot easier to actually use. Time in this case being money.Essex Boy wrote: ↑Fri Jan 22, 2021 5:34 pm I confess that I struggled to comprehend the new arrangements for postal imports - because they seem rather unworkable, from HMRC's point of view.
This seems to be the situation from 1 January........
For imports with an intrinsic value of £135 or less, VAT will no longer be due at the point of entry. That is, the customer will no longer be required to pay VAT when they take delivery (presumably that also means no more handling fee). That's because the point at which the VAT becomes due is now at the point of sale. In other words, HMRC are requiring the overseas supplier to register for UK VAT and account for the tax at the UK rate.
Hahahahahahahahahahahahahahahah. (sorry, couldn't help myself). Would you? Fred makes a good point.
In theory, the value upon which the customer pays VAT will be less than previously. That's because the value for VAT was previously calculated on goods + carriage + insurance. Now it's just goods.
The other thing to keep in mind is that most EU countries don't have the UK's generous VAT registration thresholds and it was likely that you were always being charged VAT at the seller's home county's VAT rate.
As for the Twitter rant. I'm struggling to think of how he could be charged to Chief, or any other government software. I'd take his comments with a pinch of salt.
Anyway. There's a lot more to it than I've mentioned, Duty for instance, but that's the best I can do. I hope I haven't misdirected anyone. I was pretty addled before I retired and four and a half years out of harness hasn't done my tax knowledge any favours.
Iain
Don't you like my answer then?Peeler wrote: ↑Fri Jan 22, 2021 9:45 pm I think the 'oven ready' deal related to the Withdrawal Agreement, not the trade agreement. But apart from rerunning the Brexit debate, does anyone know the actual answer to Willz's question, or are we just guessing so far? Is the answer not 'online' somewhere?
Paul wrote: ↑Sat Jan 23, 2021 12:54 am Anything bought from the EU appears to cost you: Purchase Price plus import duty, the sum of these is subject to 20% VAT then an addition is made (and decided) by the courier as a "handling fee". This is also being applied to purchases under £135.
Although in reality Couriers seem to be charging more (There may be some confusion in applying Duty and VAT to postage which is no longer included).
Chief is: Customs Handling of Import and Export Freight (CHIEF).
The basic bits are there on the HMRC site and as you're aware VAT is always charged, according to the HMRC on both value and duty.
Yup, that's democracy for you. Everyone who is happy to have it is to "blame" for all the mistakes it makes but also takes credit for all the successes it accomplishesBaronVonWreckedoften wrote: ↑Fri Jan 22, 2021 8:26 pm Yes, that's the trouble with democracy, sometimes the majority just doesn't do what the "intellectuals"
want it to, does it?