C08
Well-known member
I am wanting to purchase an outboard leg extension kit from the USA. As I read it, import duty is 2.5% but I am unsure whether VAT is also payable and if having left EU things have/will change. Value of parts is £500-600?
Import tax and VAT from USA purchased boat stuff
- Thread starter C08
- Start date
Spirit (of Glenans)
Well-known member
You'll pay VAT on import of anything with a price of €150 (£135 approx) or more. Those are the rules in the EU and they still apply in the UK until the end of the year.
Salty John
Active member
Yes, VAT on value of item including freight, duty at applicable rate for the product category and a handling fee which is usually about £12.
jordanbasset
Well-known member
and almost certainly after that, there is no suggestion the Government will get rid of or even lower VAT when we leave except for Tampons
Beneteau381
Well-known member
I thought it was duty at 2.5%. Then add cost of freight and handling fee then vat on the sum of the duty, freight and handling fee? No vat on the original cost.
C08
Well-known member
Wow so my £550 purchase sums up to circa £736. Thanks perhaps I put up with a bit of prop lift out of water or stick to calm conditions until I can afford it. The way things are looking it may be next year anyway, if the virus does not get me first.
lw395
Well-known member
AIUI, it's
(((cost of goods plus shipping) times 1.025 for duty) times 1.20 for VAT) plus handling fee
The duty % may not be 2.5, ISTR it was going to be 6 or 8% for my sail.
With post etc, a $300 sail becomes about £400.
But sometimes you fall through the net and don't pay any VAT or duty.
tjbrace
Active member
I bought some glue (bondic) about £15. Ended up spending £35 , still trying to find something it will mend. Sticks to nothing.
lw395
Well-known member
Somebody was asking about release agent for grp the other day....
Boathook
Well-known member
My prop comes out of the water and I normally ignore it! If it does it on a regular basis I either have to many people on the foredeck lifting the stern up or I am going too slowly and need to speed up. Once I have the boat speed back up, the prop stays in the water better and then you can possibly throttle back a bit.
Hot Property
Well-known member
I don't know what size outboard you have but for better grip generally, you could fit a four blade prop. Probably cheaper than a leg extension as well....
langstonelayabout
Well-known member
Sounds realistic. The import tariff is about 2.5% for engine parts, plus shipping and handling fee, plus 20% VAT on that lot. Remember that the company that receives it for you here in the UK may charge you for managing the import duty and payment of VAT before you receive it so they will probably charge you a fee for this and you won’t get your stuff until you pay them.
I also understood that the import duty or VAT were usually enforced above a value of £16.00. This is why Amazon used to ship low value items to the UK from Jersey and Guernsey, simply to get their prices lower than the opposition and get the sale, because they could get away with not charging VAT.
Things are unlikely to change with us leaving the EU, remember that the money has always gone straight to HMRC. The only thing that might change in the future is the tariff (2.5%) if e choose to move away from the tariff that the EU has been applying.
So yes, that makes whatever you bought from the USA an expensive thing. I’ve made this mistake on a companionway lock for my Catalina 270 (USD 25.00 became £54.00) and also a pile of parts for my Jeep. Never again if I can help it.
tjbrace
Active member
The expensive option?
dancrane
Well-known member
(Nothing to do with import tax)
I just saw an ad for 'Bondic' on Youtube and searched here for opinions. Is it really so hopeless? I wonder what the critical factor, unmentioned in the advert, would be, that makes this clever-sounding adhesive work, or not work?
Not sure about the name. It sounds like 007-themed porno.
I just saw an ad for 'Bondic' on Youtube and searched here for opinions. Is it really so hopeless? I wonder what the critical factor, unmentioned in the advert, would be, that makes this clever-sounding adhesive work, or not work?
Not sure about the name. It sounds like 007-themed porno.
Rappey
Well-known member
Just add 25% to the purchase price as a rough guide to additional costs.
Japanese engine parts can be as much as 3/4 the price of what they are here (excluding yanmar)
Have bought lots of eu made parts from USA as it's just so much cheaper !
Japanese engine parts can be as much as 3/4 the price of what they are here (excluding yanmar)
Have bought lots of eu made parts from USA as it's just so much cheaper !
Antony Collis
Member
My friend used to import many items for a '68 Ford Mustang he was restoring. He would say that it was a close rule of thumb to assume that the price in Dollars would be the eventual price in GBP. so a $100 item would cost £100 even though the exchange rate was that the item cost £50... this was a while back...
Rappey
Well-known member
I recently bought a $349 item with $75 shipping. $424 cost me £270 landed.
Antony Collis
Member
How did you do that $424 is currently £340 at today's rate and it's only got worse..
Rappey
Well-known member
probably because I got the prices wrong somewhere .. was just before Xmas.
the item was bought by my brother in USA. Overnight was paid for as a free delivery option was available for getting it to uk but it had to be with my brother within 24 hrs.
the courier crashed so it was not delivered to chicago in time and from there it got very complicated.
the item was bought by my brother in USA. Overnight was paid for as a free delivery option was available for getting it to uk but it had to be with my brother within 24 hrs.
the courier crashed so it was not delivered to chicago in time and from there it got very complicated.
tjbrace
Active member
Tried on steel, aluminium, various plastics, ceramic, pottery, nothing stuck. The accompanying instructions refer to it as ‘filler’ rather than glue so the adverts are misleading too.
