I doubt it will change the fact we now have to pay duty and vat as once we leave, goods crossing the border will incur uk tax
the EU/UK deal affect only products originating from the UK and EU only. PSW Power sell Chinese parts, they are not covered by the deal.That notice was placed before the deal was agreed, so presumably it will now change again.
I stand corrected. As long as they get around to sending my kit I ordered 2.5 flipping weeks ago I'm not too fussed.the EU/UK deal affect only products originating from the UK and EU only. PSW Power sell Chinese parts, they are not covered by the deal.
How would customs/dhl/royal mail know what country the goods originated from? They'll just see it's been sent by pswpower from Germany / Poland etcthe EU/UK deal affect only products originating from the UK and EU only. PSW Power sell Chinese parts, they are not covered by the deal.
so now pswpower kits and batteries will be subject to vat at 17.5% etc payable by the end customer when shipped from EU (presumably this already is applied if arriving directly from China)?the sender has to provide to the courier commercial invoice, HS (harmonised system) code and indicate country of origin.
At the recipient end, the courier needs these documents to clear the goods through customs.
If you are caught lying, the consequence can be severe.
I assemble bikes in Southend, in order for me to sell to the EU, I will have to buy 60% of the parts from the EU.
That's why I have to stop selling my bikes and kits to EU customers because of EU anti dumping levy on Chinese e-bikes.
sounds like death by red tape. Had a look on your website, do you sell the 36v BBS01 250w kits without a battery, in stock and if so how much? cheersYou pay 5% import duty on motors and batteries, then the VAT using this formula (goods + freight + insurance) * (1 + duty) * 20%
In the UK, it's called form C88. Just google it.
Royal Mail and DHL charge £11 to fill in your C88 but they need the correct documentations otherwise, they can't release it to you.
The main problem is when you are not sure of the contents, you will need the supplier to provide you with a certificate of origin, that costs £75.
Welcome to my world.
it's OK if you import a container except for the delay but imagine selling kit parts from your website. Paypal/Amazon/Ebay will make your life hell if customers raise a dispute.sounds like death by red tape.
I used to sell BBS01B on their own but not at the moment.do you sell the 36v BBS01 250w kits without a battery
This is the eBay reponse to potential changes:I thought there was going to be some sort of prepaid tax arrangement for the UK when buying from aliexpress, ebay etc from outside the UK. So that on the aliexpress site the UK price simply ups by 20% and the VAT is prepaid with no additional end costs from the consumer. I have no idea how long this will take to be implemented but I saw it stated somewhere as being relatively soon.
I think ultimately EU goods will get more expensive and many goods from elsewhere in the world will get cheaper sometimes much cheaper but you are looking at something like 6 months probably before everything is settled and the overall saving will be relative to the value of the £. Yes the UK should have a rocky road initially but some key indicators of our economy may show improvement relatively quickly which could boost the £. To be honest though the UK needs a far lower value £ to boost exports and lower imports. We need to return to a trading surplus as a critical part of our recovery and to get to a position to start paying back our huge debts.
This change is long overdue.This is the eBay reponse to potential changes:
Yes that's exactly what I meant. Now traders in the UK can buy in bulk and compete with direct sellers outside the EU plus of course a lot more VAT comes into the treasury. I think a lot more taxation should be focused on goods it is a way to control imports especially the most damaging imports and puts the burden of taxation more on those importing more and damaging the economy. In sectors where we don't have a homegrown industry taxation goes up and where we are competing more taxation is lower. You see many taxation regimes like that in Asia. Taxation regimes that support assembly plants even if most of the components are imported still provide jobs and the possibility of complete export products.This is the eBay reponse to potential changes:
https://www.ebay.co.uk/help/selling/selling/vat-obligations-eu?id=4650
that business model will be corrected from 1/1/2021 - ebay will take 20% of the sale to remit to HMRC. We should see prices going up.The ebay problem will be sellers that appear to be private and based in the uk ,but the goods sent via a 3rd party from china . Have encountered this a lot recently with items sent by air then via a mailing company in Hayes /Heathrow but ebay user is registered as a private seller in uk so classed as a uk sale
The last time I sent a kit to Norway, DPD Europe charged me £25 in forwarding agent fees.Apparently, the Norwegian's have something called the VOEC system.
Shouldn't be difficult for eBay to implement something similar with other country tax authorities.
The trouble is, China has the world's largest natural supply of rare earth minerals used in magnets, batteries and most other electronics - we'd have to import much of that at a higher cost (even more so going forward) than Chinese manufacturers.Yes that's exactly what I meant. Now traders in the UK can buy in bulk and compete with direct sellers outside the EU plus of course a lot more VAT comes into the treasury. I think a lot more taxation should be focused on goods it is a way to control imports especially the most damaging imports and puts the burden of taxation more on those importing more and damaging the economy. In sectors where we don't have a homegrown industry taxation goes up and where we are competing more taxation is lower. You see many taxation regimes like that in Asia. Taxation regimes that support assembly plants even if most of the components are imported still provide jobs and the possibility of complete export products.