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Import Duty from the US, by John The Badgers on Jan 16, 2020 12:41:30 GMT 1, I'm sure this has been asked posted, but just hoping anyone can give me an Idiots Guide to Import Duty on an item I am looking at buying from the US.
I am UK based, its a private sale, I would arrange the shipping and the insurance myself to bring it over.
Can you advise what Duty would be liable?
Really appreciate any comments.
I'm sure this has been asked posted, but just hoping anyone can give me an Idiots Guide to Import Duty on an item I am looking at buying from the US.
I am UK based, its a private sale, I would arrange the shipping and the insurance myself to bring it over.
Can you advise what Duty would be liable?
Really appreciate any comments.
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Winks
Junior Member
Posts โข 2,772
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April 2016
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Import Duty from the US, by Winks on Jan 16, 2020 13:04:44 GMT 1, PMโd
PMโd
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jimmyjam
New Member
Posts โข 578
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October 2019
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Import Duty from the US, by jimmyjam on Jan 16, 2020 14:04:38 GMT 1, Also would like to know what exactly is going in the UK. Sounds like it's going to be really difficult to purchase anything from there; if you are from the US. 25% tariff and all art works (10K+) will need to be reported... Be interesting to see how this affects UK galleries and artists. Doesn't sound fun. Will this affect someone like Harland Miller who sells mostly out of the UK?
Since last year now all art pieces from England and Germany to the US face a 25% tariff (https://www.artnews.com/art-news/market/tariff-contemporary-art-germany-united-kingdom-13365/)
+
Also now you must report all sales in UK... www.nytimes.com/2020/01/10/arts/design/uk-art-money-laundering.html
"Mr. Low (who is said to be in hiding) was a well-known figure, but hundreds of British dealers regularly do business with intermediaries whose livelihoods depend on not revealing the identity of an artworkโs โultimate beneficial owner.โ The legislation could make art advisers in the United States, who are currently not subject to such industrywide regulation, more reluctant to transact with British galleries.
Art traders in Britain have also expressed concern that a requirement to reveal the identity of a third party could affect smaller participants. โA dealer might represent one really good collector, and if the name has to be revealed, that collector could be could be taken by a bigger dealer,โ said Nicholas Maclean, a partner at Eykyn Maclean, a dealership based in London and New York.
There are also practical implications for auction houses and dealers in administering the new legislation.
โItโs going to add 30 minutes to an hour of work every day,โ said Alon Zakaim, a gallerist in modern and contemporary art based in Mayfair, central London. Mr. Zakaim added that he was nervous about having to comply with the legislation when he takes part in the European Fine Art Fair, or TEFAF, in the Netherlands in March.
โIf I donโt know someone, Iโm going to have to ask them all these questions,โ he said. โThey could well feel itโs an invasion of privacy,โ he added. โI could lose a client.โ"
Also would like to know what exactly is going in the UK. Sounds like it's going to be really difficult to purchase anything from there; if you are from the US. 25% tariff and all art works (10K+) will need to be reported... Be interesting to see how this affects UK galleries and artists. Doesn't sound fun. Will this affect someone like Harland Miller who sells mostly out of the UK? Since last year now all art pieces from England and Germany to the US face a 25% tariff (https://www.artnews.com/art-news/market/tariff-contemporary-art-germany-united-kingdom-13365/) + Also now you must report all sales in UK... www.nytimes.com/2020/01/10/arts/design/uk-art-money-laundering.html"Mr. Low (who is said to be in hiding) was a well-known figure, but hundreds of British dealers regularly do business with intermediaries whose livelihoods depend on not revealing the identity of an artworkโs โultimate beneficial owner.โ The legislation could make art advisers in the United States, who are currently not subject to such industrywide regulation, more reluctant to transact with British galleries.
Art traders in Britain have also expressed concern that a requirement to reveal the identity of a third party could affect smaller participants. โA dealer might represent one really good collector, and if the name has to be revealed, that collector could be could be taken by a bigger dealer,โ said Nicholas Maclean, a partner at Eykyn Maclean, a dealership based in London and New York. There are also practical implications for auction houses and dealers in administering the new legislation. โItโs going to add 30 minutes to an hour of work every day,โ said Alon Zakaim, a gallerist in modern and contemporary art based in Mayfair, central London. Mr. Zakaim added that he was nervous about having to comply with the legislation when he takes part in the European Fine Art Fair, or TEFAF, in the Netherlands in March. โIf I donโt know someone, Iโm going to have to ask them all these questions,โ he said. โThey could well feel itโs an invasion of privacy,โ he added. โI could lose a client.โ" |
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LJCal
Junior Member
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December 2019
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Import Duty from the US, by LJCal on Jan 16, 2020 19:59:49 GMT 1, I'm sure this has been asked posted, but just hoping anyone can give me an Idiots Guide to Import Duty on an item I am looking at buying from the US. I am UK based, its a private sale, I would arrange the shipping and the insurance myself to bring it over. Can you advise what Duty would be liable? Really appreciate any comments.
Itโs complicated. No duty is payable generally on art but VAT can apply It all depends on the nature of the work. Some works are zero rated, other pay 5% and others 20%. If the item is a map, of zoological, anatomical or historical interest it can be zero rated, arguably a number of art works fall into this category. Original works of art and certain prints from a very limited run pay 5% and posters and prints from larger editions are 20%. I have imported quite a bit from the US and more often than not I only pay a nominal processing fee sometimes nothing Once I paid 5% and another time 20% on a cheap poster. Itโs a bit of lottery as to how they process it.
I'm sure this has been asked posted, but just hoping anyone can give me an Idiots Guide to Import Duty on an item I am looking at buying from the US. I am UK based, its a private sale, I would arrange the shipping and the insurance myself to bring it over. Can you advise what Duty would be liable? Really appreciate any comments. Itโs complicated. No duty is payable generally on art but VAT can apply It all depends on the nature of the work. Some works are zero rated, other pay 5% and others 20%. If the item is a map, of zoological, anatomical or historical interest it can be zero rated, arguably a number of art works fall into this category. Original works of art and certain prints from a very limited run pay 5% and posters and prints from larger editions are 20%. I have imported quite a bit from the US and more often than not I only pay a nominal processing fee sometimes nothing Once I paid 5% and another time 20% on a cheap poster. Itโs a bit of lottery as to how they process it. |
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Import Duty from the US, by John The Badgers on Jan 17, 2020 11:39:31 GMT 1, Thanks for everyone's input, its very much appreciated.
When importing, I understand you enter a Commodity Code. What is the best one to enter? I am looking at a limited edition screen print, predominantly a picture of an animal, so liking this zoological angle Lancecalder mentioning!
I appreciate VAT due, but if I can somehow get to the 5% rather than the 20% it will probably mean I can make the deal or not, so any further guidance gratefully received.
Thanks for everyone's input, its very much appreciated.
When importing, I understand you enter a Commodity Code. What is the best one to enter? I am looking at a limited edition screen print, predominantly a picture of an animal, so liking this zoological angle Lancecalder mentioning!
I appreciate VAT due, but if I can somehow get to the 5% rather than the 20% it will probably mean I can make the deal or not, so any further guidance gratefully received.
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Spider Joe
New Member
Posts โข 310
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October 2017
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Import Duty from the US, by Spider Joe on Jan 17, 2020 13:24:47 GMT 1,
Section XXI: Works of art, collectors' pieces and antiques
- 97 Works of art, collectors' pieces and antiques
- 02 Original engravings, prints and lithographs
- The commodity code for importing is 9702000090 - Goods are subject to reduced rate 5% VAT
Section XXI: Works of art, collectors' pieces and antiques
- 97 Works of art, collectors' pieces and antiques
- 02 Original engravings, prints and lithographs
- The commodity code for importing is 9702000090 - Goods are subject to reduced rate 5% VAT
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Import Duty from the US, by John The Badgers on Jan 17, 2020 15:37:48 GMT 1, Another tactic is that if you are on good terms with the seller, you could ask them to grossly under-estimate the value of the piece on the customs declaration form. I recently bought an artwork for $800 but he helpfully put the value as $100 saving me a wad of cash in the process.
Another tactic is that if you are on good terms with the seller, you could ask them to grossly under-estimate the value of the piece on the customs declaration form. I recently bought an artwork for $800 but he helpfully put the value as $100 saving me a wad of cash in the process. Thanks Earthinga2, I'm on very good terms with the seller, but as mentioned by Atom Gallery, wont this then be problematic with insurance? |
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Import Duty from the US, by Mr. Inanimate Object on Jan 17, 2020 18:01:17 GMT 1, This has been really helpful.
Could someone share the costs associated with Import Duties to the US from Asia on art? Sorry to hijack the thread.
This has been really helpful.
Could someone share the costs associated with Import Duties to the US from Asia on art? Sorry to hijack the thread.
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LJCal
Junior Member
Posts โข 2,799
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December 2019
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Import Duty from the US, by LJCal on Jan 17, 2020 20:20:38 GMT 1, Another tactic is that if you are on good terms with the seller, you could ask them to grossly under-estimate the value of the piece on the customs declaration form. I recently bought an artwork for $800 but he helpfully put the value as $100 saving me a wad of cash in the process. Thanks Earthinga2, I'm on very good terms with the seller, but as mentioned by Atom Gallery, wont this then be problematic with insurance?
You can insure the artwork separately and donโt have to insure through the courier, my art policy covers me for shipping so I never insure through the couriers.
Just an FYI I was shipping a Hirst Love of God skull print into the U.K. and the courier sent me a bill of ยฃ600 for 20 % VAT. I argued that it should be charged at the reduced rate of 5% as itโs an item of historical and anatomical interest and they accepted that and for some reason said the bill was zero in the end. Iโll find a link to the section on HMRC that deals with this.
Another tactic is that if you are on good terms with the seller, you could ask them to grossly under-estimate the value of the piece on the customs declaration form. I recently bought an artwork for $800 but he helpfully put the value as $100 saving me a wad of cash in the process. Thanks Earthinga2, I'm on very good terms with the seller, but as mentioned by Atom Gallery, wont this then be problematic with insurance? You can insure the artwork separately and donโt have to insure through the courier, my art policy covers me for shipping so I never insure through the couriers. Just an FYI I was shipping a Hirst Love of God skull print into the U.K. and the courier sent me a bill of ยฃ600 for 20 % VAT. I argued that it should be charged at the reduced rate of 5% as itโs an item of historical and anatomical interest and they accepted that and for some reason said the bill was zero in the end. Iโll find a link to the section on HMRC that deals with this. |
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LJCal
Junior Member
Posts โข 2,799
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December 2019
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Import Duty from the US, by LJCal on Jan 17, 2020 20:28:18 GMT 1, Here are the HMRC guidelines:
www.gov.uk/hmrc-internal-manuals/imports/imps05200
Refer to section 6c
(c) any collection or collectorsโ piece that is of zoological, botanical, mineralogical, anatomical, historical, archaeological, paleontological, ethnographic, numismatic or philatelic interest.
Here are the HMRC guidelines: www.gov.uk/hmrc-internal-manuals/imports/imps05200Refer to section 6c (c) any collection or collectorsโ piece that is of zoological, botanical, mineralogical, anatomical, historical, archaeological, paleontological, ethnographic, numismatic or philatelic interest. |
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Import Duty from the US, by John The Badgers on Jan 18, 2020 10:38:30 GMT 1, Thanks Lancecalder, and all the comments above, has been really helpful.
It looks as if I have concluded the purchase, just now looking at the payment side of things?
I cant for the life of me fathom the PayPal charge if I pay from the UK to the US? Can someone add an idiots guide to this?
Any input again would be really helpful to me.
Thanks Lancecalder, and all the comments above, has been really helpful.
It looks as if I have concluded the purchase, just now looking at the payment side of things?
I cant for the life of me fathom the PayPal charge if I pay from the UK to the US? Can someone add an idiots guide to this?
Any input again would be really helpful to me.
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LJCal
Junior Member
Posts โข 2,799
Likes โข 4,205
December 2019
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Import Duty from the US, by LJCal on Jan 18, 2020 14:40:53 GMT 1, Thanks Lancecalder, and all the comments above, has been really helpful. It looks as if I have concluded the purchase, just now looking at the payment side of things? I cant for the life of me fathom the PayPal charge if I pay from the UK to the US? Can someone add an idiots guide to this? Any input again would be really helpful to me.
If you know the seller well or itโs a major gallery then avoid PayPal as the fees and conversion rates are terrible. I think they offer around $1.20 plus 3% fee to the receiver. PayPal does offer security if you have any doubts but you pay a premium.
Bank transfer is your best bet if you are 100% on the seller, if itโs an especially large transaction there are some currency brokers who offer better rates than banks for big sums, generally only worth it if you are paying more than ยฃ100k.
Thanks Lancecalder, and all the comments above, has been really helpful. It looks as if I have concluded the purchase, just now looking at the payment side of things? I cant for the life of me fathom the PayPal charge if I pay from the UK to the US? Can someone add an idiots guide to this? Any input again would be really helpful to me. If you know the seller well or itโs a major gallery then avoid PayPal as the fees and conversion rates are terrible. I think they offer around $1.20 plus 3% fee to the receiver. PayPal does offer security if you have any doubts but you pay a premium. Bank transfer is your best bet if you are 100% on the seller, if itโs an especially large transaction there are some currency brokers who offer better rates than banks for big sums, generally only worth it if you are paying more than ยฃ100k. |
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Riotcops
Junior Member
Posts โข 1,406
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June 2018
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Import Duty from the US, by Riotcops on Jan 18, 2020 17:05:25 GMT 1, Sorry to hi-jack the thread but was curious if anyone can help. I'm looking to buy a large scale print from a gallery in Italy, they are claiming they charge tax. Is this correct? Any time Ive bought prints from the UK they have removed VAT. Thanks.
Sorry to hi-jack the thread but was curious if anyone can help. I'm looking to buy a large scale print from a gallery in Italy, they are claiming they charge tax. Is this correct? Any time Ive bought prints from the UK they have removed VAT. Thanks.
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Jaylove
Junior Member
Posts โข 1,596
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November 2016
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Import Duty from the US, by Jaylove on Jan 18, 2020 18:24:00 GMT 1, Thanks Lancecalder, and all the comments above, has been really helpful. It looks as if I have concluded the purchase, just now looking at the payment side of things? I cant for the life of me fathom the PayPal charge if I pay from the UK to the US? Can someone add an idiots guide to this? Any input again would be really helpful to me. Watch out for hidden charges with PayPal. They automatically do their own currency conversion (USD to GBP) and give you the most awful exchange rate plus a conversion fee. Their rate is far worse than any bureau-de-change. They ripped me off big time as they would not put the payment through in the local currency instead of letting my credit card do the currency conversion. I currently have a case against them being dealt with through the financial ombudsman.
yes, they always rip you off that way. How do you go around using your credit card company to do the conversoin.
Thanks Lancecalder, and all the comments above, has been really helpful. It looks as if I have concluded the purchase, just now looking at the payment side of things? I cant for the life of me fathom the PayPal charge if I pay from the UK to the US? Can someone add an idiots guide to this? Any input again would be really helpful to me. Watch out for hidden charges with PayPal. They automatically do their own currency conversion (USD to GBP) and give you the most awful exchange rate plus a conversion fee. Their rate is far worse than any bureau-de-change. They ripped me off big time as they would not put the payment through in the local currency instead of letting my credit card do the currency conversion. I currently have a case against them being dealt with through the financial ombudsman. yes, they always rip you off that way. How do you go around using your credit card company to do the conversoin. |
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NYart
Junior Member
Posts โข 1,221
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January 2016
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Import Duty from the US, by NYart on Jan 18, 2020 18:32:27 GMT 1, Watch out for hidden charges with PayPal. ย They automatically do their own currency conversion (USD to GBP) and give you the most awful exchange rate plus a conversion fee. ย Their rate is far worse than any bureau-de-change. ย They ripped me off big time as they would not put the payment through in the local currency instead of letting my credit card do the currency conversion. ย I currently have a case against them being dealt with through the financial ombudsman. ย yes, they always rip you off that way.ย How do you go around using your credit card company to do the conversoin.ย ย
On the confirmation page right before you send, you need to change the conversion.
Watch out for hidden charges with PayPal. ย They automatically do their own currency conversion (USD to GBP) and give you the most awful exchange rate plus a conversion fee. ย Their rate is far worse than any bureau-de-change. ย They ripped me off big time as they would not put the payment through in the local currency instead of letting my credit card do the currency conversion. ย I currently have a case against them being dealt with through the financial ombudsman. ย yes, they always rip you off that way.ย How do you go around using your credit card company to do the conversoin.ย ย On the confirmation page right before you send, you need to change the conversion. |
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NYart
Junior Member
Posts โข 1,221
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January 2016
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Import Duty from the US, by NYart on Jan 18, 2020 23:14:04 GMT 1, On the confirmation page right before you send, you need to change the conversion. I've never seen that before. ย Does it come up when buying stuff on e-bay? ย I'm sure I have never been given the option. ย
It looks a little different on eBay.
I believe you would just click the โexchange rate optionsโ
On the confirmation page right before you send, you need to change the conversion. I've never seen that before. ย Does it come up when buying stuff on e-bay? ย I'm sure I have never been given the option. ย It looks a little different on eBay. I believe you would just click the โexchange rate optionsโ |
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LJCal
Junior Member
Posts โข 2,799
Likes โข 4,205
December 2019
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Import Duty from the US, by LJCal on Jan 18, 2020 23:24:07 GMT 1, On the confirmation page right before you send, you need to change the conversion. I've never seen that before. Does it come up when buying stuff on e-bay? I'm sure I have never been given the option.
On the confirmation page right before you send, you need to change the conversion. I've never seen that before. Does it come up when buying stuff on e-bay? I'm sure I have never been given the option. Nice tip. Never seen that before |
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Riotcops
Junior Member
Posts โข 1,406
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June 2018
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Import Duty from the US, by Riotcops on Jan 19, 2020 2:22:27 GMT 1, That goes for purchasing anything abroad as well when travelling. Always pay in the local currency. That guarantees your bank sets the exchange rate and you pay market value vs the merchant setting the exchange rate and you paying a hefty premium.
That goes for purchasing anything abroad as well when travelling. Always pay in the local currency. That guarantees your bank sets the exchange rate and you pay market value vs the merchant setting the exchange rate and you paying a hefty premium.
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Import Duty from the US, by John The Badgers on Jan 19, 2020 11:56:08 GMT 1, Can I just add a quick word of thanks for all the help and info received above, has been genuinely appreciated.
Can I just add a quick word of thanks for all the help and info received above, has been genuinely appreciated.
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waddo
New Member
Posts โข 11
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August 2020
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Import Duty from the US, by waddo on Sept 20, 2020 23:25:42 GMT 1, What a fantastically helpful thread! Just came in here to see if there was any info and itโs all here. Wanted to add my thanks to you all!
What a fantastically helpful thread! Just came in here to see if there was any info and itโs all here. Wanted to add my thanks to you all!
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Import Duty from the US, by John The Badgers on Sept 21, 2020 18:35:41 GMT 1, All advice was spot on Waddo, and helped me out no end as I'm by all means no expert, and this was my first purchase overseas, I am UK based.
There's also a thread about the shipping, another issue to consider if you are bringing in from the States.
I got caught with USPS/Parcel Force, all sorted, but might be worth looking at your options on this.
All advice was spot on Waddo, and helped me out no end as I'm by all means no expert, and this was my first purchase overseas, I am UK based.
There's also a thread about the shipping, another issue to consider if you are bringing in from the States.
I got caught with USPS/Parcel Force, all sorted, but might be worth looking at your options on this.
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mrizzle
Junior Member
Posts โข 2,210
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January 2016
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Import Duty from the US, by mrizzle on Oct 22, 2020 21:08:23 GMT 1, Can anyone advise, with me getting three items shipped from the US which will be pieces of hand blown glass, can I ask the artist to use the 9702000090 to send? I believe heโs sending the three prices separately so Iโll be stung with three handling charges anyway so keen to reduce three 20% vat charges if the princes would qualify for the reduced rate? Anyone able to help/advise?
Can anyone advise, with me getting three items shipped from the US which will be pieces of hand blown glass, can I ask the artist to use the 9702000090 to send? I believe heโs sending the three prices separately so Iโll be stung with three handling charges anyway so keen to reduce three 20% vat charges if the princes would qualify for the reduced rate? Anyone able to help/advise?
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Winter
Junior Member
Posts โข 7,138
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March 2007
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Import Duty from the US, by Winter on Oct 22, 2020 21:20:14 GMT 1, Pretty sure Iโve only ever paid 5% import duty on art from US to U.K.
If itโs a significant amount I use Transferwise. I used to use Revolut but they were an absolute nightmare
Pretty sure Iโve only ever paid 5% import duty on art from US to U.K.
If itโs a significant amount I use Transferwise. I used to use Revolut but they were an absolute nightmare
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Import Duty from the US, by John The Badgers on Oct 23, 2020 11:38:03 GMT 1, Firstly, I would ensure you get the Tariff Code correct Mrmizzle? If you are unsure, you can e-mail here -
classification.enquiries@hmrc.gsi.gov.uk
They will advise as to the correct code.
I don't think you will be liable for 20% either, I didn't pay that on the transaction this thread was based on.
Firstly, I would ensure you get the Tariff Code correct Mrmizzle? If you are unsure, you can e-mail here -
classification.enquiries@hmrc.gsi.gov.uk
They will advise as to the correct code.
I don't think you will be liable for 20% either, I didn't pay that on the transaction this thread was based on.
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mrizzle
Junior Member
Posts โข 2,210
Likes โข 3,491
January 2016
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Import Duty from the US, by mrizzle on Oct 23, 2020 11:41:29 GMT 1, Firstly, I would ensure you get the Tariff Code correct Mrmizzle? If you are unsure, you can e-mail here - classification.enquiries@hmrc.gsi.gov.uk They will advise as to the correct code. I don't think you will be liable for 20% either, I didn't pay that on the transaction this thread was based on.
Many thanks John The Badgers! I think Iโve found the correct code but Iโm not absolutely positive so I think Iโll email the address youโve shared for clarity. Thanks again!
Firstly, I would ensure you get the Tariff Code correct Mrmizzle? If you are unsure, you can e-mail here - classification.enquiries@hmrc.gsi.gov.uk They will advise as to the correct code. I don't think you will be liable for 20% either, I didn't pay that on the transaction this thread was based on. Many thanks John The Badgers! I think Iโve found the correct code but Iโm not absolutely positive so I think Iโll email the address youโve shared for clarity. Thanks again! |
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Import Duty from the US, by chickenlittle on Oct 23, 2020 12:58:16 GMT 1, Firstly, I would ensure you get the Tariff Code correct Mrmizzle? If you are unsure, you can e-mail here - classification.enquiries@hmrc.gsi.gov.uk They will advise as to the correct code. I don't think you will be liable for 20% either, I didn't pay that on the transaction this thread was based on.
I use the 9702.00.0000 (9702) code to get the 5% rate for US import duties
Firstly, I would ensure you get the Tariff Code correct Mrmizzle? If you are unsure, you can e-mail here - classification.enquiries@hmrc.gsi.gov.uk They will advise as to the correct code. I don't think you will be liable for 20% either, I didn't pay that on the transaction this thread was based on. I use the 9702.00.0000 (9702) code to get the 5% rate for US import duties |
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