#31
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Quote:
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#32
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Having done some research over the last few months, here's a rough idea of how I believe it works.
Customs duty is worked out on - doll price + shipping costs. Import tax is worked out on - doll price + shipping costs + customs duty. Customs duty can be from 0% - 85% but is usually between 5% and 9%. Import tax is the same as VAT at 20%. So....using Xe.com for currency conversion and for this example 7% customs duty, here's a rough total. I'll use the Alicia 1H example http://sinthetics.com/gallery/alicia/alicia-1h/ and the top 'buy this version' which is $5700.00 plus shipping $800 doll + shipping costs £3,632 + £510 = £4,142 now add the customs duty at 7%, (doll + shipping) = £290 £4,142 + £290 = £4,432 now add import tax 20%, (doll + shipping + customs duty) = £887 £4,432 + £887 = £5,319 So the total cost would be £5,319 One other thing about customs duty and import tax, and I'll show you by extreme example. You purchase your doll in January $5,000 (£2,500) while the exchange rate is £1 = $2. She arrives in the UK in March and the exchange rate is now £1 = $1, you'd pay the customs and tax at the March rate. So instead of paying x% of £2,500 as it was in January, you pay x% of £5,000 as it is in March. |
#33
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Is there any way the exchange rate can be predicted?
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#34
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Unfortunately not, especially with the volatile markets at the moment. It's just luck of the draw, although the Pound has consistently been stronger than the Dollar for more than 5 years.
You can check current conversion rates here: http://www.xe.com/ucc/ |
#35
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The calculation is very accurate, my customs fee was around £550.00 in Jan.
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#36
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Thank you very much I have found this very usefull t,o work out my total cost
Cheers |
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