[meteorite-list] New UK VAT Requirements

From: Paul Harris <paul_at_meteoritecentral.com>
Date: Mon, 11 Jan 2021 21:59:48 -0800
Message-ID: <2b901102-1567-8362-512c-bb83d5b7f52c_at_meteorite.com>

Attention Dealers:


I just received the following from stamps.com


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Effective Jan 1, 2021, value added tax (VAT) must be collected for all
goods entering the United Kingdom (UK).

There will be a 20% VAT rate on goods valued up to ?135 (about $180
USD), which you must collect unless your online marketplace (e.g. eBay,
Amazon, Etsy, etc.) is already collecting it. Current procedures for
goods valued over ?135 remain the same.

To prevent your UK shipments from being delayed, held, or returned
by?UK?customs in 2021, please take the following steps:

1. Register for a VAT number with the UK.

2. Collect VAT at the time of purchase.

3. Make quarterly VAT return payments to the UK.

In addition, you should include your VAT number on your customs
declarations.

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Paul
Received on Tue 12 Jan 2021 12:59:48 AM PST