Are there taxes from items purchased in the UK?


Hi guys,

I was thinking of purchasing some speakers from the UK since the dollar-pound exchange rate has become favorable over the past couple of months. Are there any duty taxes, custom taxes, etc that I need to factor in before deciding on purchasing the speakers and having them shipped to the US?

Thanks.

- Doc_stereo
doc_stereo

Showing 4 responses by gawdbless

'The standard rate of VAT will reduce to 15 per cent from 1 December 2008. The rate will stay at 15 per cent until 1 January 2010, when it will go back to 17.5 per cent.'
Buconero117, I personally hope the pound sterling will not go as low as $1.30 as for me $1.50 is bad enough, the forecasts I have heard from those 'in the know' is that it will go up to about $1.60+, it has been hovering around the $1.50 minus a few cents for the past few months or so. In these climes nothing would surprise me, well maybe the 2,500,000 jobs lost in the US in 2008 with 500,000 lost in December 2008 alone!, the worst since WW2.
Thanks for the responses, guys. To give a little more detail, the speakers here in the US costs $16,000 + sales tax + shipping. From the UK, they would be $10,900 (including shipping). What do you think? I'm hesitant at all the hidden costs that may be involved.'

C'mon doc give us the name and make of the speakers, be a good sport old chap.