Got this frame coming in from Switzerland.....how much should I get the seller to declare on customs paperwork?
Does it matter how much?
Any guesses at what I might get charged?
Inland Rev told me that over £36.00, the gift declaration is irrelevant anyway. It's only up to that value it's free.
Basically...
Importing from outside the EU (Definately the USA anyway) goes as follows...
Cost of bike + shipping + insurance on shipping is duty taxed at 14%. Then that new total is taxed at 17.5% for VAT (even if the said bike is 2nd hand).
Got stung like this before, it's hard - nigh impossible to avoid if posting.
NOOOO!! You have to pay taxes if item comes outside of European Union to a country within. Since Switzerland is not part of the EU, you have to pay customs fees & taxes.
To get around this is: ask the seller mark the package type as GIFT, contents whatever like "vintage bicycle frame" and value like £30. Of course if it is a brand new Colnago or something like that and the customs officers open the box, they might not believe you and you'll have to show the original receipt...