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22 June 2019, 05:15 AM | #1 |
"TRF" Member
Join Date: May 2019
Real Name: Mike
Location: UK
Watch: Submariner 114060
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Buying a watch in the EU, and bringing back into the UK
Apologies if this has been asked before. If a Rolex, or any other brand watch for that matter is purchased in the EU, and brought back into the UK, are any further taxes/duty due, in addition to the purchase price? Thanks in advance.
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22 June 2019, 05:17 AM | #2 |
"TRF" Member
Join Date: Feb 2015
Location: Amsterdam
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Now no, post-Brexit, maybe...
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22 June 2019, 05:18 AM | #3 |
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Join Date: Oct 2017
Location: In Mars...
Posts: 291
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Isn't the UK still part of the EU? If so, I would think that there won't be any additional duties owed.
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22 June 2019, 05:18 AM | #4 |
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Real Name: Neil
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Watch: ing ships roll in
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No, still a single market until Oct 31st.
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22 June 2019, 05:18 AM | #5 |
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Join Date: Oct 2016
Location: GB
Watch: 116520
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As long as it’s EU Europe, no further tax to pay on bringing it back to UK.
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22 June 2019, 06:22 AM | #6 |
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Nope. The whole point of the single market.
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22 June 2019, 07:36 AM | #7 |
"TRF" Member
Join Date: May 2019
Real Name: Mike
Location: UK
Watch: Submariner 114060
Posts: 262
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Ok thanks all. Might not have to worry anyway, as most of Europe is probably Rolex SS Sports dry, I assume.
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22 June 2019, 07:37 AM | #8 |
"TRF" Member
Join Date: Oct 2005
Location: The UK
Watch: I love them all.
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So long as you buy your new watch in a country that is part of the EU you won't have any problems bring it back here.
No taxes or VAT to pay in the UK either.
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Regards, CharlesN Member of the IWJG. |
22 June 2019, 09:13 AM | #9 |
TechXpert
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Real Name: Scott
Location: London
Posts: 2,242
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The previous replies are correct.
I will add one qualifier to them. You must have paid vat in the EU country to have no vat due in the UK. So for example: if you buy a watch duty free in an EU country while you are en route to a non EU country, you will owe import duty and VAT on return to the UK. |
22 June 2019, 12:30 PM | #10 |
"TRF" Member
Join Date: Aug 2009
Location: China
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Buy it in Denmark or another country with 25% sales tax after Brexit and make a saving.
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