Need someone "in the know".

[DaveDJ]

Afternoon everybody, I'm so happy I found this site. Hope to god I can get some info from you guys.
Scenario...
My company is based in Denmark, and I would like to buy pre-owned Rolex watches from a UK dealer and re-sell them in Denmark.
Question I have;
If the watch I want to buy on the dealers website is £5,000, is this the price I pay, or is the vat deducted if it's for export ?
When I receive the watch in Denmark, what are the duty charges I have to pay, based on HS codes?
Of course, when I sell the watch in Denmark my price will include 25% Danish VAT.

Any help would be much appreciated, thanks.
Have a great weekend, from sunny Denmark 😎😎

[OG1982]

Hi Dave, you really need to check with your local customs agency who can advise the tax requirements for imported goods.

[beshannon]

Welcome to the forum.

https://www.trade.gov/country-commer...ms-regulations

[JRell]

Huh? So you are asking us how to flip?

[onyourbikes]

If you don't know the answer to this I would suggest you don't have the knowledge to do this as a business.

It's not exactly rocket science, and is way down the list of obvious things an import business should know before even considering setting up shop.
A watch group is the last place you should seek international tax law advice.

[DaveDJ]

"Onyourbikes". Many thanks for your helpful and friendly reply. Have a wonderful weekend.

[dannyp]

Originally Posted by JRell

Huh? So you are asking us how to flip?

More like advice on currency arbitrage, it seems…

[Mr Ben]

And I wonder why UK demand seems unusually high. It’s not just flippers and greys - it’s now the weak pound. THE WORLD IS TAKING OUR U.K. WATCHES!!!

[brandrea]

Welcome to the forum

[vitalsigns]

"I would like to start a watch flipping business.

I, not you, will profit from this business.

However, I would like you to do the research for me."

[fskywalker]

Originally Posted by onyourbikes

If you don't know the answer to this I would suggest you don't have the knowledge to do this as a business.

+1

Sent from my iPhone using Tapatalk Pro

[Overwatch]

OH, Brother.

[MinMay]

Originally Posted by JRell

Huh? So you are asking us how to flip?

Yep. But nothing wrong with it. OP is providing a service. So it’s all good.

[justdate]

Wow 25% sales tax, that’s brutal!

[GGGMT]

Sent from my iPhone using Tapatalk

[rootbeer7]

With respect, if you need to ask this are you ready to start a business?

[Crown & Shield]

Originally Posted by JRell

Huh? So you are asking us how to flip?

Originally Posted by onyourbikes

If you don't know the answer to this I would suggest you don't have the knowledge to do this as a business.

It's not exactly rocket science, and is way down the list of obvious things an import business should know before even considering setting up shop.
A watch group is the last place you should seek international tax law advice.

Originally Posted by vitalsigns

"I would like to start a watch flipping business.

I, not you, will profit from this business.

However, I would like you to do the research for me."