Another Ordering from the EU Question

[KevjustKev]

If I was to order, maybe 3 or 4 coins from the European Mint or Eurpoa Bullion will I have to pay import or VAT. As far as I can tell there is already VAT when ordering, but is there import duty when an order could be under £150?

Type about this for a bit

[sixgun]

i see on the European Mint website they advertise that items are sold using the VAT margin scheme.

So yes there is some VAT in the price - a full 20% on the base price which isn't the VAT margin scheme but hey let's roll with it.

 

But as the coins would be exported out of the EU, this should be done VAT free. i wouldn't even think to buy coins unless VAT were deducted.

When the package arrives at the UK border the chances are there will be VAT and additional charges levied. So expect 20% on the VAT free price of the coins plus VAT on the cost of shipping. Shipping costs are counted in the value of the package.

https://www.europeanmint.com/terms/

i am thinking whether you would get shipping VAT free or will get clipped for EU VAT and UK VAT. Perhaps someone knows this.

Then there will be a handling fee - for the pleasure of someone applying VAT to your parcel.

When i get stuff delivered to Spain from the UK the value of the parcel is generally low - so there isn't much IVA to pay (VAT) - it is pennies BUT there are nearly always charges. Very occassionally i have got away with nothing but it is unusual. The extras are usually around 15 €.

So you need to factor all of this in. 

i can see they are selling to the EU with no VAT if you arrange the shipping separately. So i would subtract VAT and there would be nothing extra to pay other than shipping costs. Doing the sums goldsilver.be works out cheaper for me.

 

Edited August 31, 2023 by sixgun

[daca]

10 hours ago, KevjustKev said:

If I was to order, maybe 3 or 4 coins from the European Mint or Eurpoa Bullion will I have to pay import or VAT. As far as I can tell there is already VAT when ordering, but is there import duty when an order could be under £150?

Type about this for a bit

you pay VAT in the UK

below is a comparative between delivery of the same item in the UK and UE. the same is true for 1 oz coin or 100 coins

Edited August 31, 2023 by daca