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Example calculation - import taxes for a laptop, iPhone and camera Example 3: a HP 2133 Mini Note laptop ($600), an Apple iPhone 3G 8 GB ($300) and an Olympus E-620 digital camera ($600), shipped in one parcel from the USA to the UK Data • Let’s buy a HP 2133 Mini Note laptop for $ 600.00, an Apple iPhone 3G 8 GB for $ 300.00 and an Olympus E-620 digital camera for $ 600.00 • Total Shipping cost: $ 200.00 • The consignment is insured up to $ 1,000.00 for $ 20.00 • Official exchange rate by customs agencies on June 1st, 2009: 1.56 USD to 1 GBP • Import duty tax rate for laptos: 0.00% (laptops are duty free items) • Duty tax rate for mobile phones: 0.00% (mobile phones are duty free items) • Import duty tax rate for digital cameras: 0.00% (digital cameras are duty free items) • VAT tax rate in the UK: 20.0% Calculation Step 1 of 9 - Calculate the customs value + $ 600.00 <- price of the laptop (including sales tax) + $ 300.00 <- price of the Apple iPhone (sales taxes included) + $ 600.00 <- price of the Olympus digital camera (sales taxes included) + $ 200.00 <- shipping cost + $ 20.00 <- insurance cost ----------------- = $ 1,720.00 Step 2 of 9 - Split the shipping cost and insurance cost among the laptop, the iPhone 3G and the digital camera The value of the laptop is 40% of the total value of the goods therefore • the shipping cost allocated to the laptop equals = $ 200.00

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Example calculation - import taxes for a laptop, iPhone and cameraExample 3: a HP 2133 Mini Note laptop ($600), an Apple iPhone 3G 8 GB ($300) and an Olympus E-620 digital camera ($600), shipped in one parcel from the USA to the UKData Lets buy a HP 2133 Mini Note laptop for $ 600.00, an Apple iPhone 3G 8 GB for $ 300.00 and an Olympus E-620 digital camera for $ 600.00 Total Shipping cost: $ 200.00 The consignment is insured up to $ 1,000.00 for $ 20.00 Official exchange rate by customs agencies on June 1st, 2009: 1.56 USD to 1 GBP Import duty tax rate for laptos: 0.00% (laptops are duty free items) Duty tax rate for mobile phones: 0.00% (mobile phones are duty free items) Import duty tax rate for digital cameras: 0.00% (digital cameras are duty free items) VAT tax rate in the UK: 20.0%

Calculation

Step 1 of 9 - Calculate the customs value + $ 600.00


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