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4 March 2023, 01:53 AM | #1 |
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Need someone "in the know".
Afternoon everybody, I'm so happy I found this site. Hope to god I can get some info from you guys.
Scenario... My company is based in Denmark, and I would like to buy pre-owned Rolex watches from a UK dealer and re-sell them in Denmark. Question I have; If the watch I want to buy on the dealers website is £5,000, is this the price I pay, or is the vat deducted if it's for export ? When I receive the watch in Denmark, what are the duty charges I have to pay, based on HS codes? Of course, when I sell the watch in Denmark my price will include 25% Danish VAT. Any help would be much appreciated, thanks. Have a great weekend, from sunny Denmark 😎😎 |
4 March 2023, 02:01 AM | #2 |
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Hi Dave, you really need to check with your local customs agency who can advise the tax requirements for imported goods.
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4 March 2023, 02:02 AM | #3 |
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Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Breitling Superocean Steelfish, JLC Atmos Transparent Clock |
4 March 2023, 02:11 AM | #4 |
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Huh? So you are asking us how to flip?
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126710 BLNR Jubilee |
4 March 2023, 02:12 AM | #5 |
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If you don't know the answer to this I would suggest you don't have the knowledge to do this as a business.
It's not exactly rocket science, and is way down the list of obvious things an import business should know before even considering setting up shop. A watch group is the last place you should seek international tax law advice. |
4 March 2023, 03:05 AM | #6 |
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"Onyourbikes". Many thanks for your helpful and friendly reply. Have a wonderful weekend.
Last edited by DaveDJ; 4 March 2023 at 03:07 AM.. Reason: Forgot name |
4 March 2023, 03:28 AM | #7 |
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4 March 2023, 03:53 AM | #8 |
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And I wonder why UK demand seems unusually high. It’s not just flippers and greys - it’s now the weak pound. THE WORLD IS TAKING OUR U.K. WATCHES!!!
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4 March 2023, 04:07 AM | #9 |
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Welcome to the forum
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4 March 2023, 04:32 AM | #10 |
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"I would like to start a watch flipping business.
I, not you, will profit from this business. However, I would like you to do the research for me." |
4 March 2023, 05:16 AM | #11 | |
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Need someone "in the know".
Quote:
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Francisco ♛ 16610 / 116264 Ω 168.022 / 2535.80.00 / 2230.50.00 / 310.30.42.50.01.002 Zenith 02.480.405 Henry Archer Eclipse 2FA security enabled |
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4 March 2023, 05:21 AM | #12 |
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OH, Brother.
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4 March 2023, 10:32 AM | #13 |
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4 March 2023, 10:43 AM | #14 |
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Wow 25% sales tax, that’s brutal!
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4 March 2023, 11:13 AM | #15 |
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4 March 2023, 06:07 PM | #16 |
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With respect, if you need to ask this are you ready to start a business?
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@imrootbeer7 |
4 March 2023, 08:42 PM | #17 | |
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