Do you have to pay import tax on a gift?
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Studied at the University of Cambridge, Lives in Cambridge, UK.
Customs duty is payable on goods with a value over --135 but the duty is waived if the amount of duty calculated is less than --9. Import VAT (17.5%) will be charged by HM Revenue & Customs on bought goods above --18 in value, or --40 for gifts between private individuals.
2023-05-14 14:54:00
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Amelia Kim
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Customs duty is payable on goods with a value over --135 but the duty is waived if the amount of duty calculated is less than --9. Import VAT (17.5%) will be charged by HM Revenue & Customs on bought goods above --18 in value, or --40 for gifts between private individuals.