What is import duty? Import duty is a tax imposed on goods brought into the country from abroad. Customs duty is usually based on the customs value of the goods and is calculated according to this value. Most goods are taxed in this way, although other criteria are sometimes used, such as weight, dimensions, quantity, or other factors. For example, flour is taxed by weight, and clocks by quantity. Depending on the classification of the goods and whether they have preferential origin, different types of duties may apply.
What is UK import VAT? Importers are required to pay VAT on goods imported from outside the customs area on the same basis as on goods within the UK. The VAT rate is determined by the commodity code and calculated based on the customs value. VAT will also be charged on shipping and insurance costs.