What To Know About The VAT And UK Duty When Importing Goods From China
Paying taxes is a part of your life and lifestyle. No matter if you are queen of a country, or simply a delivery-man, it is what it is. When it comes to importing your goods from other countries like China, the liability of paying taxes and duties to UK customs becomes a necessity. The two main costs that you must understand before importing from China are VAT and UK Duty. The failure of complying with these will leave your goods to be held up at the country border. What’s it about the VAT and the UK duty ? When buying from China, you might not pay VAT to the supplier, but you will definitely have to pay it in the UK while importing. As a seller in the UK and importer from China, you are liable to pay VAT on everything that costs you to buy goods and circulate them within the UK. The said VAT is paid on your taxable import along with the shipping cost and also the UK duty. VAT- Many products entering the UK can move along duty free, or even if the duty is being paid, it is usuall...