Bleak prospects for watch trading to the UK now worse than ever!!

Dec 29, 2020,05:41 AM
 

Hi all,


So the UK actually manged to get a Brexit deal done and one of the first things to come to light is the change in import duty and VAT on good's brought in from Europe and none of it is good IMHO. It was nearly near impossible to find a deal from the US or the rest of the world except for Europe as it meant having to add 20% VAT to the price paid including shipping. Now this will apply to watches bought from Europe to and not just new watches either and it will not just be VAT but a sliding scale of import duty to. We really are becoming an Island and any real chance of buying expensive or sought after goods from anywhere other then within our borders is going to become a no go due to the additional costs. It appears that whilst this is happening non UK residents will be still be able to buy goods and reclaim the VAT hardly seems like a level playing field or fair IMO. Oh and I nearly forgot all goods either incoming or outgoing are going to need various customs declarations added to them to.  What are your thoughts fellow UK residents? I am adding a watch picture as this makes me feel Blue.

Marc




  login to reply

Comments: view entire thread

 

Re U.K. watch trading prospects

 
 By: Andy Mac : December 29th, 2020-07:20
I’m not quite sure it’s as you portray. If you are buying a watch from EU after 31 Dec. 2020, then surely it should have the VAT of that country deducted at source when you buy it. The VAT in many EU countries is actually higher than the 20% in the U.K. s... 

Yes, winter is coming to the UK and you will notice it. DHL Germany has postponed all shipping to the UK already and all ports shipping to you will have traffic jams for some time. As well as

 
 By: Ron_W : December 29th, 2020-12:07
tax increase it will all take much longer for a few months. Not buying watches from the UK anymore as we are also charged the vat and customs fee now. Why was this done and who benefits ??

From EU

 
 By: Jakub M : December 30th, 2020-02:33
When you buy from EU it wont be so bad, assuming both EU and UK have 20% VAT on watches, you wont pay VAT in EU but on arrival to UK at least when it comes to buying from businesses. Private deals are screwed as I doubt any seller will lower price by 17.5...