Import Duty /VAT

[Andy]

Hi, we are after a bit of advice.  We are looking to set up a small shop selling gifts and local produce.  We want to import some of the goods from UK.  Is there any import duty or are we exempt under EU laws.  We will clearly be paying VAT in UK; am I right in believing that there will be nothing to pay in France.  Can anyone help or suggest a usefule website/contact.

 

Andy

 

 

[Sunday Driver]

I suspect you will not pay UK VAT on exports, but will pay French TVA on imports.

You will find all the necessary information on imports, duties and TVA on the French [url=http:www.douane.gouv.fr]Customs website[/url].

 

[Vive les Alpes]

Hi,

You should not have to pay any duty. As far as the VAT goes (under current EU rules), it depends if you are registered for TVA. If you are not you will have to pay UK VAT. If you are you can get your UK supplier should be able to supply the goods exempt from VAT once you have given them a valid TVA no. You then record the value of your import on your TVA declaration.

I hope the above info is of use and good luck with your venture.

Paul

[yorky]

Hi

If you import goods from the USA into France or the UK you will pay import duty plus vat/tva. If you are a vat/tva registered company you can reclaim the vat as a input and then of course you charge vat on the goods when they are sold. If you export goods from the UK to France or vise versa then unless the recipient is vat registered and produces their vat number then you must charge vat on the sale. There are other factors which could affect you so the best way to go about this is to get all the relvent leaflets from the Revenue and Customs or the french  equivalent.

Yorky