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Comment by steven9761 posted on Christmas pressie for myself at 14/12/2012 - 14:12
Comment by steven9761 posted on New HMRC revalorisation limits at 12/12/2012 - 16:05
1) GIFTS
The limit before VAT is applied to gifts sent between private individuals is reduced from £40 to £36 (Value Added Tax (Small Non-Commercial Consignments) Relief Order 1986).
Proper use of the Gifts Relief (EC Regulation 1186/2009 – Chapter VI – Articles 25 – 27) only involves a private individual from outside the EU sending occasional gifts, within the proper parameters and limits of the Relief, to other private individuals established within the EU, for personal or family use by the consignee. On no account can the gifts be sourced and sent from retail stores – this is not allowed within the Gift Relief protocols as all consignments must be of a non-commercial nature.
2) Low value consignment relief
There is no change to the current limit and it will remain at £15. Goods with an intrinsic value of £15 or less will not be liable for import VAT, however, all mail order goods sent to the UK from the Channel Islands are liable to import VAT.
3) Customs Duty waiver
Customs duty will not be collected when the amount of duty due is less than £9.
Note Section 1 - I'd advise that if you have a friend/frinds overseas that can purchase items in their home country from a retail store, you get them to post these items to you. Note that "high-value" items such as camera bodies and lenses are likely to "catch the eye" of HMRC, so in reality, the above advice (in a photographic sense) would be beneficial to anyone buying filters, memory cards, and other small items from outwith the EU for delivery within the UK.
Comment by steven9761 posted on New HMRC revalorisation limits at 12/12/2012 - 15:29
Any feedback is welcome.
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Comment by steven9761 posted on Pentax Watch anyone? at 11/12/2012 - 08:50
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Comment by steven9761 posted on Pentax Watch anyone? at 10/12/2012 - 18:47

