Custom Bats Cricket Forum
Specialist Cricket Retailers => Uzi Sports UK => Topic started by: gtstarped on March 26, 2011, 01:08:31 AM
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Hi mate,
Thought this maybe a question others have, so I thought I'd post it here. As I'm located outside of Europe do I not become automatically exempt from VAT? Tried to website and it not appear to remove???
What is the postage cost of a bat to NZ?
Thanks
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Hi mate,
Thought this maybe a question others have, so I thought I'd post it here. As I'm located outside of Europe do I not become automatically exempt from VAT? Tried to website and it not appear to remove???
What is the postage cost of a bat to NZ?
Thanks
Postage is £25 to £30
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Yes you are VAT exempt.
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VAT is a UK only sales tax - it is only relevant for purchases made in the uk - the import tax we get is to cover goods purchased overseas. As a non UK resident you are therefore, as Talisman says, Exempt from VAT and can reclaim it on good purchased from UK stores.
Good luck with the paperwork...!
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How much is VAT? if item is 200 bucks and VAT is 10%, i'll get that item for 200-10% = 180 + postage. So all the stores has this rule?
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currently 20% - but if an item is £200 the calculation you need to do is (£200/120) *100 = £166.67
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Buzz are you a tax expert?
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Good stuff, cheers guys. Makes a big difference and will off set the postage, will discuss with aqureshi further.
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How did you work out the formula? So how does the formula change for different prices or is it always (Price/120) * 100 ?
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Does that mean shipping to Canada will be VAT exempt as well? A friend of mine bought a bat from you and was charged VAT even though it was shipped to Canada. Please clarify.
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Does that mean shipping to Canada will be VAT exempt as well? A friend of mine bought a bat from you and was charged VAT even though it was shipped to Canada. Please clarify.
if you buy something from the UK, you will always pay VAT. its then your job to claim back the VAT if your exempt from paying it. i think being in Canada you would be able to claim it back, if you had all the correct purchase documentations...
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currently 20% - but if an item is £200 the calculation you need to do is (£200/120) *100 = £166.67
If the VAT is 20%,then taking 20% off from 200 would be £40 and the total would be £160, but ur calculation shows £166.67
Can you Plz explain which one is correct?
Regards
Asad
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I have been told that if something is say £220 inc vat then to work out how much of that is vat is just to divide the figure by 6. This means that for your example the price without vat is £166.67.
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I've bought of talentcricket.co.uk and cricketdirect.co.uk, both automatically remove VAT.
Calculation should be price/100 * 80 = total. eg 200/100=2*80=160
Surely its the same as our system here where due to the address being invoiced overseas, no VAT will be payable by the retailer at tax time? The tax is payable by me when importing into the country if over $400NZD. I'm trying to not get owned by the tax man at both ends if at all!
I bought a GN Legend and learnt that lesson the hard way!
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I have been told that if something is say £220 inc vat then to work out how much of that is vat is just to divide the figure by 6. This means that for your example the price without vat is £166.67.
20% of something is a 5th surely?!
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Exactly what i thought, but it seems to work somehow.
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misread the post!
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I don't understand why you would struggle to deduct VAT, it is added onto your purchase price and all trade prices are excluding VAT, so if you buy at £100 + VAT your purchase price would be £120, you then mark up the product by your desired amount and then add VAT to it to find the selling price, so with a 40% mark up the price would be £140 + VAT = £168.
Buzz is correct with his calculation for deduction for overseas buyers. As a VAT registered company you can sell overseas with no VAT on the sale to save the buyer from reclaiming, I used to handle VAT free sales in the drinks trade, many to the Channel Islands.
The sum to deduct VAT is roughly 16.67% of the total cost.
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Asad-
Buzz is correct. 120% of the VAT free price is £200, so the VAT free price is 200/1.2 = 166.67; just as it would have been 200/1.175 under the old VAT rate.
The VAT to pay on an item that is £200 ex-VAT would be £20, but this isn't the same as the amount of VAT in a £200 inc VAT price...
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Hi mate,
Thought this maybe a question others have, so I thought I'd post it here. As I'm located outside of Europe do I not become automatically exempt from VAT? Tried to website and it not appear to remove???
What is the postage cost of a bat to NZ?
Thanks
Stictly speaking, shiping goods outside the EU is a zero rated supply, not an exempt one.
This has no real difference for the purchaser, but has massive differences for the retailer.
Also, in the UK, it's normal for a retail business to quote VAT inclusive prices for domestic customers
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if you buy something from the UK, you will always pay VAT. its then your job to claim back the VAT if your exempt from paying it. i think being in Canada you would be able to claim it back, if you had all the correct purchase documentations...
Yes, you are right. However, when I buy my bats from Mapperly or even Owzat they automatically take off VAT. In Uzisports case, my friend requested VAT exemption as he was buying from Canada but he was told that the company is not VAT registered yet.
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Buzz are you a tax expert?
just to confirm - I am not a TAX expert - I did however do my Maths GCSE ;)
the thing to remember is that the 20% VAT is added to 100% of the original price - therefore the full price with VAT is 120 % of the original price - so to remove the vat you need to get yourself back to 100%
If you take 20% off 120% of the price - you wont get the right answer... hence the calculation is (price)/120% to get 1% and then you multiply this by 100% to get the full price.
Hope that helps you all get an A* in your percentages papers :)
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So say I was to buy somthing for hypoethically £220 and we say that works out to be £167. Past all that, If I bought somthing off UZI, how do i get it for 167?
Does that fact hes not VAT authoriesd mean I dont get it for 167 or somthing?
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firstly it would cost you £183.33 and you have to sort it out with Asad's overworked accountant... or try and reclaim the cash from HM Revenue... as I said, enjoy the paperwork...
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Yes, you are right. However, when I buy my bats from Mapperly or even Owzat they automatically take off VAT. In Uzisports case, my friend requested VAT exemption as he was buying from Canada but he was told that the company is not VAT registered yet.
Still waiting for clarification from Uzisports :(
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we have received our VAT registeration and will be happy to offer Free VAT to our ciustomers outside EU. we can only do on the items which we have bought during our VAT registeration period. Hopefully this helps.
Plz send me an email regarding this if u have any questions
uzisports.co.uk@googlemail.com
Regards
Asad
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So my Oblivion LE falls in your registration phase so it should be extempted, no ?
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Any questions regarding VAT Plz email me as I mentioned in my post. This forum is not to discuss about VAT
Regards
Asad
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Just a quick one so not really worth an email, is it definatley outwith the EU and not the EEA?
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Outside the UK nothing to do with the EEA or EU...
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i thought it was EU
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Anything sent out of UK is exempt form UK VAT.
A quick question:
If something is sent out from UK without claiming VAT exemption, does it exempt the recipient (who lives out of the UK) from being charged customs duty in their country?
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Outside the UK nothing to do with the EEA or EU...
Not quite true.
Regular consumers within the EU - VAT charged as standard
Trade outside of the UK but within the EU (if they have local VAT no.) - VAT Zero Rated
All exports outside of the EU - VAT Zero Rated
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A quick question:
If something is sent out from UK without claiming VAT exemption, does it exempt the recipient (who lives out of the UK) from being charged customs duty in their country?
No.