How many times have you seen a great bargain on an Shopping site located outside the EU only to realise the price is not so competitive when you add in the import duty? Even worse you buy the goods and get a nasty surprise when you have to fork out a load more cash to get hold of the goods.
Well there’s some good news for UK Internet shoppers. From December, Internet shoppers will no longer have to pay custom duties on items bought for less than £105 outside the European Union (which includes the Channel Islands).
This is an increase from the previous limit of £18. Although VAT is still payable, this change should allow substantial savings on some items. Currently import duties vary from Item to item but examples rates include:
- CD Players (9.5%)
- DVD Players (14%)
- Silver & Gold Jewellery (2.5%)
What do you think?