True, a refurb would sell for less than a brand new, and more than a used.
HM C&E, I am sure, do know the difference - and the relative worth of each
on these shores. Thus (in their words)
"Value Added Tax (VAT) - Import VAT is charged at the same rate that applies
to similar goods sold in the UK. The value of the goods for import VAT is
based on the value for customs duty plus any import duties charged. Used
goods are still liable to the same duty and VAT charges as if they were new.
However, their value may vary depending on their age and condition."
At least digital still cameras are duty free (film cameras attract 4.9%
duty). Neither is VAT free.
Happy New Year!
--
Piers
-----Original Message-----
From: olympus-owner@xxxxxxxxxx [mailto:olympus-owner@xxxxxxxxxx] On Behalf
Of Andrew Fildes
Sent: 01 January 2006 00:04
To: olympus@xxxxxxxxxx
Subject: [OM] Re: [OT] unbelievable E-1 deal on the bay
Wouldn't its 'refurbished' status make it technically 'used'? That seems
harsh in the extreme.
AndrewF
On 01/01/2006, at 6:55 AM, Piers Hemy wrote:
>
> For branded high-value items on retail sale in UK, that is the normal
> method, and NB it ignores any "gift, value $10" declaration by the
> sender.
>
> :-(
>
> --
> Piers
>
> -----Original Message-----
> From: olympus-owner@xxxxxxxxxx [mailto:olympus-owner@xxxxxxxxxx] On
> Behalf Of David Bell
> Sent: 31 December 2005 14:08
> To: olympus@xxxxxxxxxx
> Subject: [OM] Re: [OT] unbelievable E-1 deal on the bay
>
>
> --snip
>
> customs in UK assessed duty on their valuation of the retail cost in
> UK.
> Suddenly the deal was not so sweet.
>
> Dave
>
> --snip
>
>
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