[meteorite-list] New UK VAT Requirements

Paul Harris paul at meteorite.com
Tue Jan 12 00:59:48 EST 2021


Attention Dealers:


I just received the following from stamps.com


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Effective Jan 1, 2021, value added tax (VAT) must be collected for all 
goods entering the United Kingdom (UK).

There will be a 20% VAT rate on goods valued up to £135 (about $180 
USD), which you must collect unless your online marketplace (e.g. eBay, 
Amazon, Etsy, etc.) is already collecting it. Current procedures for 
goods valued over £135 remain the same.

To prevent your UK shipments from being delayed, held, or returned 
by UK customs in 2021, please take the following steps:

1. Register for a VAT number with the UK.

2. Collect VAT at the time of purchase.

3. Make quarterly VAT return payments to the UK.

In addition, you should include your VAT number on your customs 
declarations.

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Paul





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