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Import duty

681 views 7 replies 6 participants last post by  BrentYYC 
#1 ·
Can someone help me understand import duty?
Are there any differences between purchasing a watch from an AD and a private seller?
For instance, I am based in the UK. If I purchase a watch from a member of the forums, would I still need to pay import duty on the item?
And, can import duty be pre-paid to avoid the item being held at customs?
I know there are online calculators to estimate the price of import duty, but by and large, I have very little understanding of what import duty applies to, and what it does not.
 
#3 ·
:-sIf you buy within the EU you don't pay anything.......now. But if Brexit goes ahead it will get complicated. If you buy from USA you pay vat on a used watch. So if you want a German watch get it now to avoid import duty or wait until Brexit and you should be able to claim the vat back as EU export. Avoid dhl.o|
 
#4 ·
Why are you recommending against dhl?
 
#8 · (Edited)
When you purchase from a local AD, any applicable duty (if the watch was originally from outside the EU) will have already been paid and is factored into the selling price. If you import a new or used private sale watch yourself, you will owe the duty (and VAT) upon delivery. Either way, duty will have been collected.
 
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