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Old 7 January 2020, 05:23 AM   #1
Rolli
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Anyone in UK purchased from DavidSW

Hi all,

My question is....has anyone purchased a Rolex from DavidSW and had it shipped to the UK and if so what was the duty and VAT implications on that purchase?
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Old 7 January 2020, 05:30 AM   #2
TswaneNguni
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To my part of the global paradise it will be 15% VAT plus transport costs ..makes it just too expensive .
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Old 7 January 2020, 05:32 AM   #3
LooseCann0n
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Anyone in UK purchased from DavidSW

My understanding is that import duty for watches into the UK is 4.5% and that vat at 20% will be added.



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Old 7 January 2020, 05:33 AM   #4
Swiss Mad!
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Anyone in UK purchased from DavidSW

I havenít actually gone through a purchase but I was in correspondence with him through TRF over a JC DBlue I was interested in last year.

I asked him about import duties etc & he said he ships them as a repair which negates any duty.

Contact him through TRF PMís like I did, found him to be nothing but helpful - Iím sure heíll sort you out




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Old 7 January 2020, 05:35 AM   #5
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Quote:
Originally Posted by LooseCann0n View Post
My understanding is that import duty for watches into the UK is 4.5% and that vat at 20% will be added.



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Would VAT still be added if the watch was used?


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Old 7 January 2020, 05:37 AM   #6
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Quote:
Originally Posted by Swiss Mad! View Post
Would VAT still be added if the watch was used?


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Believe so - although not 100% sure. The HMRC website doesnít make the distinction for new/used so would have to assume it is irrelevant.


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Old 7 January 2020, 05:38 AM   #7
Rolli
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Interesting RE send as a repair to negate duty.....somewhat risky?
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Old 7 January 2020, 05:41 AM   #8
AK797
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VAT is 20% on new or used, the rest, duty and processing fees etc are a very negligible amount.
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Old 7 January 2020, 05:42 AM   #9
Swiss Mad!
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Quote:
Originally Posted by Rolli View Post
Interesting RE send as a repair to negate duty.....somewhat risky?


Agree - I didnít go through with the deal in the end - nothing to do with David SW, like I said, found him to be nothing but helpful, just didnít want to risk it, just in case....




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Old 7 January 2020, 06:01 AM   #10
mk2jag
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dont, you will get stuck with import duties and they will also probley unpack and handle your watch...
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Old 7 January 2020, 08:04 AM   #11
Rolex fan 61
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Don't do it!!!!!
Customs will very probably open up the box and handle the watch with the possibility of damage, they will then request the 20% VAT + import tax, you would be far better to purchase the watch from within the UK.
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Old 7 January 2020, 10:54 AM   #12
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Yes, I have, but I met him in person in Florida. Really lovely guy.

Regarding the questions you have, speak to him in person by phone.

He will answer your questions.
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Old 7 January 2020, 11:05 AM   #13
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I had an issue in Spain where my own vintage watch was sent back to me from the U.S after a repair. First they wanted duty, then they questioned the authenticity and even sent a letter to Rolex...

Rolex never replied and after around 6 weeks and plenty of written claim s the watch just arrived one day, without any tax nor further questions.
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Old 7 January 2020, 05:26 PM   #14
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Quote:
Originally Posted by Rolli View Post
Hi all,



My question is....has anyone purchased a Rolex from DavidSW and had it shipped to the UK and if so what was the duty and VAT implications on that purchase?


This is not a direct reply to your question. But I canít work out why you would not buy from a UK Grey Dealer. Iím from Dublin Ireland where there are no Grey Dealers. So when I knew I was going to purchase a Rolex I looked to the UK & came across a Grey Dealer in Blackburn who was selling Watches at a very reasonable price. Just to let you know I am in no way connected to this Grey Dealer, but having purchased three Rolexís in the past four years I can without question vouch for this Grey Dealer. When I bought my Watches I travelled from Dublin to Blackburn to pick up the Watches in person. This Grey Dealer has a Jewellery Shop in the heart of Blackburnís City Centre. They are lovely people to deal with, both knowledgeable & professional. The name of the Grey Dealer is iconicwatches & I have had the three Watches checked out for authenticity & all have been proven genuine. If the Watch you are interested in is not an in-stock item they will source it for you, as has happened with my last purchase. I cannot praise this Company enough, though the Watches I have purchased are not the much sought after S/S Sports Modelís I have saved many thousands. This is my latest acquisition. I really love this Watch & just to clarify these Watches are the latest Modelís with all there protective stickers in place


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Old 7 January 2020, 10:13 PM   #15
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i emailed DavidSW a couple of month's back asking the same question and they told me the final import payment on one of there watch's would be no more than £100,
i can understand how it's tempting as there prices are really good and i don't think anyone matches them for price in the UK,
I didn't buy off him in the end because of the advice off you all on TRF,
I'll just keep waiting for that call from my AD!
good luck
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Old 7 January 2020, 11:01 PM   #16
alphadweller
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Quote:
Originally Posted by fooey View Post
i emailed DavidSW a couple of month's back asking the same question and they told me the final import payment on one of there watch's would be no more than £100,
(...)
Wow, that sounds like proper tax evasion to me. I don't know about the UK but in Spain if you get caught not declaring the true value of an item you pay a 10% fine on top of the 21% VAT plus admin fees, with no possibility of refusing to pay by returning the merchandise back to sender.

Also, if there's a problem with the watch and DavidSW agrees to refund you, you've lost 21% if you declared its true value and 31% if not and caught, ouch in both cases...

I'd rather stick to local sellers with full refund if there's a problem.
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Old 8 January 2020, 12:38 AM   #17
77T
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DavidSW is a prime dealer so youíd have no problems with the watchís authenticity or his character references.

But the scenario you asked was more about the tax burden - and I think a tangential issue is supporting your own domestic watch sellers.

If you act locally (meaning within your countryís borders) then you donít have any concerns about import fees, customs hassles, etc. At the same time you are supporting your local dealer(s).

So Iíd skip importing and look locally - or within a nice day tripís distance...


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Old 8 January 2020, 12:48 AM   #18
Swearengen
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I have bought one or two from David SW.
Speak to him................that's all I am saying
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