Quote:
Originally Posted by s13rab  hello
can i ask what may seem stupid but questions i need answer to...
when you say FOB this means "free on board" so thats the price of the car landed in the uk?
once the car lands all it is subject to is 10%tax and 17.5%vat and say 100 quid clearence costs in the uk?
so if a car is for example 895,000 yen(£4522 sterling)
car fob is £4522.35
10% tax is £452.20
17.5% vat £791.34
clearence £120.00
total would be £5885.89
so there would be no other charges that is the price for a car landed and ALL fees payed?
cheers
rab |
FOB means the price of the car, all the neccesary documentation such that its ready for export, and to put the car on the boat.
You pay shipping and insurance on top of the FOB price.
Then you pay 10% Import duty on the total FOB+Shipping+Ins+Teminal Handling
Then you add the clearing charge which is around 80 quid.
Then finally you pay VAT on the full amount (FOB+shiiping+ins+terminal handling+import duty)
so your example would cost roughly 6585 based on 40 quid terminal handling and 460 shipping and ins