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I don't know whether this subject has been talked about here with regard to imports post 2021, apologies if it has been covered before. These changes apply to goods of £135 or less, but as we all know, Tax is not an easily accessible or clear subject. :banghead:
Anyway, an article just popped up on Yahoo earlier about William Shatner, (yes, that William Shatner, Captain Kirk! ) who has posted messages saying that he will not be selling merchandise to his fans in the UK from the end of the year because of the coming changes to international trading costs. Importer's from outside the UK will be forced to impose and collect VAT before sending goods to the UK. Because of the increased costs, he claims $1k just for the cost to file the forms, and doesn't include the additional cost for the added work needed to determine, collect, fill out forms and pay the VAT, he is ceasing trading in the UK.
Now this is not a thread to have a go at William Shatner (easy target), but to inform people who may buy stuff from outside the UK that changes are coming from next year.
This, which I had not heard about before, and the impending 'no deal' Brexit, means imports could be about to become a lot more expensive. And if (small) companies like Shatner decide that the costs are not sustainable, less people could be doing business with UK buyers, or at least passing on the VAT and additional admin costs, to UK buyers.
The UK Government Policy can be seen here for those that have a mind for such things.
Anyway, an article just popped up on Yahoo earlier about William Shatner, (yes, that William Shatner, Captain Kirk! ) who has posted messages saying that he will not be selling merchandise to his fans in the UK from the end of the year because of the coming changes to international trading costs. Importer's from outside the UK will be forced to impose and collect VAT before sending goods to the UK. Because of the increased costs, he claims $1k just for the cost to file the forms, and doesn't include the additional cost for the added work needed to determine, collect, fill out forms and pay the VAT, he is ceasing trading in the UK.
Now this is not a thread to have a go at William Shatner (easy target), but to inform people who may buy stuff from outside the UK that changes are coming from next year.
This, which I had not heard about before, and the impending 'no deal' Brexit, means imports could be about to become a lot more expensive. And if (small) companies like Shatner decide that the costs are not sustainable, less people could be doing business with UK buyers, or at least passing on the VAT and additional admin costs, to UK buyers.
The UK Government Policy can be seen here for those that have a mind for such things.