Are Magic singles VAT exempt? - Demonic Tutor2024-03-28T21:05:01Zhttp://demonictutor.ning.com/forum/topics/are-magic-singles-vat-exempt?commentId=3440403%3AComment%3A14813&xg_source=activity&feed=yes&xn_auth=noStill look on the bright side…tag:demonictutor.ning.com,2010-05-13:3440403:Comment:148172010-05-13T11:23:50.289ZGary Lynchhttp://demonictutor.ning.com/profile/GaryLynch
Still look on the bright side, your vengvines still only cost you £14 each<br />
<br />
<cite>Dan Barrett said:</cite><blockquote cite="http://demonictutor.ning.com/forum/topics/are-magic-singles-vat-exempt?commentId=3440403%3AComment%3A14813&xg_source=activity#3440403Comment14813"><div>I would have done, but Mike was a bit too savvy to pre-order Vengevines at £10/each!</div>
</blockquote>
Still look on the bright side, your vengvines still only cost you £14 each<br />
<br />
<cite>Dan Barrett said:</cite><blockquote cite="http://demonictutor.ning.com/forum/topics/are-magic-singles-vat-exempt?commentId=3440403%3AComment%3A14813&xg_source=activity#3440403Comment14813"><div>I would have done, but Mike was a bit too savvy to pre-order Vengevines at £10/each!</div>
</blockquote> I would have done, but Mike w…tag:demonictutor.ning.com,2010-05-13:3440403:Comment:148132010-05-13T10:12:03.754ZDan Barretthttp://demonictutor.ning.com/profile/DanBarrett
I would have done, but Mike was a bit too savvy to pre-order Vengevines at £10/each!
I would have done, but Mike was a bit too savvy to pre-order Vengevines at £10/each! Hi guys,
I only just saw thi…tag:demonictutor.ning.com,2010-05-13:3440403:Comment:148122010-05-13T10:09:03.809ZJason Savagehttp://demonictutor.ning.com/profile/JasonSavage
Hi guys,<br />
<br />
I only just saw this thread. I suppose I should answer as I am VAT Consultant! Lol.<br />
<br />
Cards are never exempt for VAT.<br />
<br />
The amount for goods imported into the UK from outside the EU not subject to UK VAT is not £16, it is £18.<br />
<br />
The amount for goods imported and sent as a gift into the UK from outside the EU not subject to UK VAT is not £32, it is now £40 and this only changed recently.<br />
<br />
HMRC is hotting up on imported goods into the UK as they are trying to maximise the VAT collected. In…
Hi guys,<br />
<br />
I only just saw this thread. I suppose I should answer as I am VAT Consultant! Lol.<br />
<br />
Cards are never exempt for VAT.<br />
<br />
The amount for goods imported into the UK from outside the EU not subject to UK VAT is not £16, it is £18.<br />
<br />
The amount for goods imported and sent as a gift into the UK from outside the EU not subject to UK VAT is not £32, it is now £40 and this only changed recently.<br />
<br />
HMRC is hotting up on imported goods into the UK as they are trying to maximise the VAT collected. In short buy from Mike!! you also need to be aware of…tag:demonictutor.ning.com,2010-05-12:3440403:Comment:146992010-05-12T17:49:26.144ZAlan Harperhttp://demonictutor.ning.com/profile/AlanHarper
you also need to be aware of the admin charge the PO extracts for dealing with customs fees on your behalf - its something crazy like 6-8.00 - so even if the vat payable is only 50p you can get heavily stung. Some US dealers state the full purchase price on the customs declaration and for these if its over 16 - you are likely to get billed. Swings and roundabouts...
you also need to be aware of the admin charge the PO extracts for dealing with customs fees on your behalf - its something crazy like 6-8.00 - so even if the vat payable is only 50p you can get heavily stung. Some US dealers state the full purchase price on the customs declaration and for these if its over 16 - you are likely to get billed. Swings and roundabouts... The first case I bought for d…tag:demonictutor.ning.com,2010-05-12:3440403:Comment:146972010-05-12T16:37:38.614ZDaniel Roydehttp://demonictutor.ning.com/profile/DanielRoyde
The first case I bought for drafting was for a really good price in the US. But yes, customs sucks so it's hard for things to be cheaper-> Mike ftw.
The first case I bought for drafting was for a really good price in the US. But yes, customs sucks so it's hard for things to be cheaper-> Mike ftw. In short, screw the HMRC.
*s…tag:demonictutor.ning.com,2010-05-12:3440403:Comment:146952010-05-12T15:23:56.803ZDan Barretthttp://demonictutor.ning.com/profile/DanBarrett
In short, screw the HMRC.<br />
<br />
*shakes fist*
In short, screw the HMRC.<br />
<br />
*shakes fist* so basically when your orderi…tag:demonictutor.ning.com,2010-05-12:3440403:Comment:146932010-05-12T15:16:39.216ZAmar Dattanihttp://demonictutor.ning.com/profile/AmarDattani
so basically when your ordering items from abroad do it through mike... :)<br />
<br />
that is a little dishonest though ;) and im sure mike would want you to buy it from him instead - so he would have to, of course (!), handover the VAT on the sale of the cards to you to the HMRC...<br />
<br />
<cite>David Lyford-Smith said:</cite><blockquote cite="http://demonictutor.ning.com/forum/topics/are-magic-singles-vat-exempt?page=1&commentId=3440403%3AComment%3A14691&x=1#3440403Comment14691"><div>Basically, if…</div>
</blockquote>
so basically when your ordering items from abroad do it through mike... :)<br />
<br />
that is a little dishonest though ;) and im sure mike would want you to buy it from him instead - so he would have to, of course (!), handover the VAT on the sale of the cards to you to the HMRC...<br />
<br />
<cite>David Lyford-Smith said:</cite><blockquote cite="http://demonictutor.ning.com/forum/topics/are-magic-singles-vat-exempt?page=1&commentId=3440403%3AComment%3A14691&x=1#3440403Comment14691"><div>Basically, if you're importing goods that would be VATable under UK law, then you may be liable for VAT on those purchases.<br/> <br/>
Normally VAT is collected by the seller when you buy something, and just added in to the sales price. But when you're buying from outside the EU, you have to charge yourself VAT instead.<br/>
<br/>
For small items / gifts, this is usually not enforced as the cost of doing so exceeds the potential revenue.<br/>
<br/>
The only way to get your VAT back on something you've purchased is to register as a supplier of VATable supplies, charge VAT on your sales, and reclaim your input VAT on your VAT return.</div>
</blockquote> Basically, if you're importin…tag:demonictutor.ning.com,2010-05-12:3440403:Comment:146912010-05-12T15:05:28.074ZDavid Lyford-Smithhttp://demonictutor.ning.com/profile/DavidLyfordSmith
Basically, if you're importing goods that would be VATable under UK law, then you may be liable for VAT on those purchases.<br />
<br />
Normally VAT is collected by the seller when you buy something, and just added in to the sales price. But when you're buying from outside the EU, you have to charge yourself VAT instead.<br />
<br />
For small items / gifts, this is usually not enforced as the cost of doing so exceeds the potential revenue.<br />
<br />
The only way to get your VAT back on something you've purchased is to…
Basically, if you're importing goods that would be VATable under UK law, then you may be liable for VAT on those purchases.<br />
<br />
Normally VAT is collected by the seller when you buy something, and just added in to the sales price. But when you're buying from outside the EU, you have to charge yourself VAT instead.<br />
<br />
For small items / gifts, this is usually not enforced as the cost of doing so exceeds the potential revenue.<br />
<br />
The only way to get your VAT back on something you've purchased is to register as a supplier of VATable supplies, charge VAT on your sales, and reclaim your input VAT on your VAT return. Hell no.. sucks balls.. the a…tag:demonictutor.ning.com,2010-05-12:3440403:Comment:146892010-05-12T14:41:21.911ZMichael Dukehttp://demonictutor.ning.com/profile/MichaelDuke
Hell no.. sucks balls.. the amount i fucking pay HMRC is REDICULOUS. Importing goods, items classed as purchased merchandise is exempt under £16 and a gift under £32. If its valued more, you get charge 17.5% on the purchased cost then you get charged the ((cost*17.5)+postage cost)*3.2% or something like that, basically, just multiply the total amount by 21% and it'll give u a rough idea.<br />
<br />
But no.. far from exempt
Hell no.. sucks balls.. the amount i fucking pay HMRC is REDICULOUS. Importing goods, items classed as purchased merchandise is exempt under £16 and a gift under £32. If its valued more, you get charge 17.5% on the purchased cost then you get charged the ((cost*17.5)+postage cost)*3.2% or something like that, basically, just multiply the total amount by 21% and it'll give u a rough idea.<br />
<br />
But no.. far from exempt anything over £30 that isn't…tag:demonictutor.ning.com,2010-05-12:3440403:Comment:146842010-05-12T12:40:30.518ZBen Titmarshhttp://demonictutor.ning.com/profile/BenTitmarsh
anything over £30 that isn't classed as a gift gets taxed I believe. Also had this a few times when ordering cards from America
anything over £30 that isn't classed as a gift gets taxed I believe. Also had this a few times when ordering cards from America