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| screwbay | 02-18-2015 08:42 AM |
importing & customs declarations
is there anything wrong with devaluing imports? to pay less duty and tax? |
| Freakzilla | 02-18-2015 08:55 AM |
Re: importing & customs declarations
It is illegal. |
| Dawidck | 02-18-2015 09:01 AM |
Re: importing & customs declarations
How does it work when it comes to importing from outside of EU? Its the sender who declares the value. What is your responsability as a importer when goods you import has been declared by your supplier at lower price? Do we need to contact customs and say that wrong amount was declared and pay the difference? |
| screwbay | 02-18-2015 10:47 AM |
Re: importing & customs declarations
Quote:
Originally Posted by Freakzilla
(Post 643569)
It is illegal.
| how will they know the value though?
if its worth what it says on teh declaration then i dont see how they would be able to disagree? |
| wired | 02-18-2015 10:47 AM |
Re: importing & customs declarations
Every import goes on file with the HMRC for primarily address, and secondarily, name. If you continue to devalue goods and take multiple shipments over a year, you will be investigated.
Customs also use a weighting system to allow them to open,investigate and seize items they do not feel have been valued correctly.
You are defrauding the UK tax payer and country by not paying your dues. |
| screwbay | 02-18-2015 11:21 AM |
Re: importing & customs declarations
Quote:
Originally Posted by wired
(Post 643587)
Every import goes on file with the HMRC for primarily address, and secondarily, name. If you continue to devalue goods and take multiple shipments over a year, you will be investigated.
Customs also use a weighting system to allow them to open,investigate and seize items they do not feel have been valued correctly.
You are defrauding the UK tax payer and country by not paying your dues.
| but what is the correct value?
what i have paid, or what the shipper has paid?
there are lots of suppliers that state they will devalue goods to pay less tax.
is there no work around?
the only work around in decreasing your import bills, i can seem to think of is if your ordering in the 1000's and you get the unit cost down? |
Re: importing & customs declarations
Post is in wrong section - should be moved by mod |
| wired | 02-18-2015 12:46 PM |
Re: importing & customs declarations
Quote:
Originally Posted by screwbay
(Post 643590)
but what is the correct value?
what i have paid, or what the shipper has paid?
there are lots of suppliers that state they will devalue goods to pay less tax.
is there no work around?
The only work around in decreasing your import bills, i can seem to think of is if your ordering in the 1000's and you get the unit cost down?
| It is what you have paid. Not the manufacturing cost, unless you bought it from the manufacturer direct, but the figure you paid by credit card, paypal, whatever is the declaration amount. And it includes the shipping charge unfortunately. Then there is the couriers 'handling charge' which bugs me th most, I don't mind paying my dues, but then for the courier to whack on their own for 'paying it advance' for you, annoys me.
And yes, of course the way to decrease unit cost is buying in bulk, thats a fundamental basic of retail lol |
| screwbay | 02-20-2015 10:11 AM |
Re: importing & customs declarations
Quote:
Originally Posted by wired
(Post 643630)
It is what you have paid. Not the manufacturing cost, unless you bought it from the manufacturer direct, but the figure you paid by credit card, paypal, whatever is the declaration amount. And it includes the shipping charge unfortunately. Then there is the couriers 'handling charge' which bugs me th most, I don't mind paying my dues, but then for the courier to whack on their own for 'paying it advance' for you, annoys me.
And yes, of course the way to decrease unit cost is buying in bulk, thats a fundamental basic of retail lol
| yeh i figured so.
yeah i know, economies of scale and all of that.
I tend to find some factories oversees, are willing to devalue items bought and state you(as the buyer) paid a certain lower value than the actual value paid to them on thier invoices.
i know you have to pay duty/taxes like this but i would, like most other people, pay the least amount possible. |
| wired | 02-20-2015 01:49 PM |
Re: importing & customs declarations
Quote:
Originally Posted by screwbay
(Post 644201)
yeh i figured so.
yeah i know, economies of scale and all of that.
I tend to find some factories oversees, are willing to devalue items bought and state you(as the buyer) paid a certain lower value than the actual value paid to them on thier invoices.
i know you have to pay duty/taxes like this but i would, like most other people, pay the least amount possible.
| YEs all of Asia will undervalue for you, you take your chances, you will loose parcels along the way, or get asked to prove value, then you will be asking for someone to doctor credit card or paypal receipts, then you will be committing some serious crimes. They will catch up with you, I've had a couple of friends both in serious trouble for devaluing goods..its true, everyone does it, but there are ways to manage to liability and avoid problematic shipments. |
| JamesNorth101 | 02-20-2015 01:58 PM |
Re: importing & customs declarations
Quote:
Originally Posted by screwbay
(Post 643590)
but what is the correct value?
what i have paid, or what the shipper has paid?
| What you have paid. Simple as that |
Re: importing & customs declarations
Quote:
Originally Posted by screwbay
(Post 644201)
yeh i figured so.
yeah i know, economies of scale and all of that.
I tend to find some factories oversees, are willing to devalue items bought and state you(as the buyer) paid a certain lower value than the actual value paid to them on thier invoices.
i know you have to pay duty/taxes like this but i would, like most other people, pay the least amount possible.
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