Re: [CR]Buying from the UK - Now TAXES!!!

(Example: Production Builders:Pogliaghi)

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Date: Wed, 9 Mar 2005 18:19:22 -0800 (PST)
From: "Fred Rafael Rednor" <fred_rednor@yahoo.com>
Subject: Re: [CR]Buying from the UK - Now TAXES!!!
To: classicrendezvous@bikelist.org
In-Reply-To: 6667


Are duties really due on _used_ bicycle parts? If so, they must be low. Also, when I've bought new pieces from England, the sellers have always declared them as "Samples" which seem not to be subject to duties.
      Fred Rednor - Arlington, Virginia, USA


--- David Patrick wrote:


> Something that might be of interest is that I received a bill
> from the State of Michigan about this time last year for
> sales tax the state claimed was due on a vintage bicycle that
> I had imported from the U.K. six months earlier!! I have to
> assume that the State Of Michigan started making inquiries to
> the U.S. Custom Service about importations by Michigan
> residents, in an effort to increase the state's revenue, and
> I got the pleasure of writing a check. I must say that
> Michigan has become fairly aggressive in collecting certain
> taxes, especially on sales tax due on out of state purchases,
> but this is something that could very well be on the increase
> in other states.
>
>
> Dave Patrick
> Chelsea, Michigan
> USA
>
>
> Arthur Wood <ajwood6@comcast.net> wrote:
> Another method is directly from the buyer's to the seller's
> bank - wire
> transfer. The buyer will need seller's account info, such as
> bank name
> and address, account holder's name, account number and
> routing code. It
> might cost $20 for the service, but it's fairly quick - about
> 7 days.
>
> There will almost certainly be import duty levied on a bike
> entering the
> US, but the buyer will not have to pay the 17.5% VAT (UK
> sales tax) if
> the purchase is from a dealer. UK prices shown in stores
> include VAT
> (value added tax).
>
> I can't imagine why someone would want to buy from the UK at
> the present
> exchange rate of close to $2 per pound sterling. The bank
> exchange rate
> is about 1.93, but the average person would pay more.
>
> Arthur Wood
> Longboat Key, FL
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