I would suggest contacting your country’s government tax office in advance and get their advice.
It’s not worth losing the watch at customs for the sake of a few quid.
You might be surprised by what they tell you.
I think the UK import duty is around 4% there shouldn’t be any VAT to pay if it’s a private sale & technically second hand or used.
However I’m not an expert - seek advice from those that are.
Good luck
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