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Import taxes in UK

David
David Ronald
Asked on February 16, 2016
Hello! I know that there are different taxes on different products and countries. I'd like to ask if someone knows what products imported to the UK get the highest tax. Thanks!
in Import/Export Taxes and Duties United Kingdom United Kingdom

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  • Maya List
    Maya List
    Maya List
    Answered on February 09, 2017
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    To answer your question I will show you an example for calculation of import taxes in UK: If you pay your supplier USD$3000 (let’s call it £2000) for your goods, the UK Duty rating for these particular goods is 3.5% and the shipping quote is £300 then: UK Duty = 3.5 % of £2000 = £70.00 VAT = 20 % of (UK Duty [£70] + Shipping [£300] + Cost of the goods [£2000]) = £474.00 Therefore the total duties and taxes payable to import these goods would be £544.00 (£70 for UK Duty and £474 for VAT)

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  • Steve Fox
    Steve Fox
    Steve Fox
    Answered on February 19, 2016
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    It is a very interesting question. I also wondered about it and did some research. As far as I know it all depends on the product (some special cases, I mean). But on the official site of UK Government I found, what the higher tax on imported goods is 20%.

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