UK import duty and taxes

Discover everything you need to know about customs charges when importing goods into the UK, and explore how HUBFX can assist you in managing your cross-border business operations.

All Calculations in One Place

Type and value of goods Import duty rate

Any goods under £135

No charge

Gifts worth £135-£630

2.5% (lower for some goods)

Gifts above £630 and any other goods above £135

Depends on the type of goods and country of export. Check the HS code of goods to get the exact rate.

Step Field Actions to calculate UK import duty

1

Shipment Origin

Select the country of import from the list.

2

Shipment Destination

This import duty calculator only applies to imports into the UK.

3

Cost of the imported goods

Add the estimated value of the product.

4

Shipping Costs/Insurance

Add any fees you are paying in shipping and insurance for the product.

5

Type of goods

Select the type of goods if it’s a gift, excise goods or ‘other’ that you are shipping.

6

CIF OR FOB

Select if you will include shipping and insurance costs when calculating the value on which duty and taxes will be calculated (CIF) or if you do not wish to include these (FOB).

7

Commodity code OR product description

Type in a specific product or try to get as close as possible with your description or you can also type in the exact commodity code. If more than one product or commodity code is related to that word, a drop-down list will appear. Simply browse and select the commodity code description that best fits your product.

Imagine you need to import a shipment of umbrellas from China to the UK. The goods cost £15,000, and the shipping and insurance costs £7,000.

 

1

The shipment is worth more than £135, and the goods can’t be considered gifts, so you’ll need to pay a specific import duty rate.

2

To find out how much you’ll need to pay, you’ll need to check the commodity code for umbrellas, and apply the import duty rate for that code — 4.5%.

3

Tax will be due on the cost of the goods and shipping, which in this case is £22,000 (£15,000 + £7,000).

4

4.5% of £22,000 is £990 (22,000 ✖ 0,045). So for the goods, shipping, and import duty, you’ll pay £22,990 in total. As it’s from outside the EU, you’ll also need to pay VAT on this amount.

How does the UK charge import duty?

When import duty is applicable to your parcel, Royal Mail (or your courier) will contact you with instructions on how to make payment. Typically, you have 3 weeks to settle any charges before the parcel is returned.

Goods imported from outside the EU may incur VAT, customs duties, or excise duties. This also applies to gifts and goods from the EU if they exceed a certain value threshold.

To calculate the precise duty rate, you’ll need the tariff or HS code relevant to your goods. If VAT is applicable, it will be calculated based on the total value of your goods, including any import duties.

What goods are considered gifts ?

HMRC (Her Majesty’s Revenue & Customs) will consider a parcel a gift if the sender has described it as a gift on the customs declaration.

To qualify, the parcel will need to be sent between two people (not companies) for an appropriate occasion (like a birthday, or anniversary).

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If you’re buying goods for sample purposes only, and don’t intend to sell them, you can save on import duty and VAT. To qualify, there are some criteria that the goods need to meet:

  • They need to be of negligible value
  • They need to be used solely for getting future orders for the same product

If the price of the products, shipping, duty, and insurance comes to more than £15, then you’ll still need to pay VAT. And if that total is above £135, you’ll need to pay UK duty as well.

Learn more about import duty in UK

Welcome to HUBFX, your premier partner in global financial management. Specialising in providing tailored financial solutions for businesses, HUBFX ensures seamless cross-border transactions, optimal currency management, and strategic financial planning. Whether you’re navigating the complexities of international commerce or expanding your digital footprint, HUBFX is dedicated to empowering your financial success with expert advice and personalised support. Discover how HUBFX can transform your approach to global finance and propel your growth in today’s interconnected world.

With a strong foothold in the UK market, HUBFX leverages its expertise to navigate the intricacies of UK financial regulations and dynamics. Whether you’re a startup looking to establish operations in London or a seasoned corporation expanding across the UK, our tailored financial solutions cater to your specific needs. From VAT management to compliance with HMRC requirements, our dedicated team ensures that your financial strategies are not only efficient but also aligned with local regulations. Trust HUBFX to be your partner in unlocking growth opportunities in the UK market and beyond.

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Payment services for HUBFX are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199) and The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorized in 39 states to transmit money (MSB Registration Number: 31000160311064). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011 and CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 – 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of a electronic-money institution (Relation Number: R142701)

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