importing & customs declarations

[screwbay]

is there anything wrong with devaluing imports? to pay less duty and tax?

[Freakzilla]

It is illegal.

[Dawidck]

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]

Originally Posted by Freakzilla

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]

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]

Originally Posted by wired

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?

[rsot]

Post is in wrong section - should be moved by mod

[wired]

Originally Posted by screwbay

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]

Originally Posted by wired

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]

Originally Posted by screwbay

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]

Originally Posted by screwbay

but what is the correct value?

what i have paid, or what the shipper has paid?

What you have paid. Simple as that

[rsot]

Originally Posted by screwbay

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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