How to Deliver, buy & sell luxury watches around the world. VAT. Import Tax. Duties. Customs. Brexit

Описание: 0:00 Intro
0:59 About me
1:51 Important notice
3:10 Brexit: What happened? And how it affected the UK for buying and selling watches
4:19 Import / export Sales Tax example. Amounts and how it works
5:01 Example of VAT Margin Scheme
5:32 Why trading with the UK got more expensive
6:05 A watch buying price example (VAT vs Margin Scheme)
6:55 In short
7:32 UK dealer exporting watches OUT of the UK - Commercial invoice info
8:36 Commercial Invoice : Important info : Country of Origin, Harmonised (HS) commodity code
9:30 EORI number (Economic Operators Registration Identification number)
9:51 Stuck packages (customs and courier). Be careful with your shipping paperwork
10:41 The role of the customer / Importers in the delivery process
12:11 Clearing the goods through customs. Paying import taxes. VAT. GST. IVA explained
13:21 Extra clearance fees to pay
13:47 What happens if import taxes aren't paid?
14:17 How international shipping affects watch dealers.
16:02 How Brexit has affected the UK watch market
16:59 DDU vs DDP delivery
18:28 Goods making it through customs with no import tax
19:09 B2B transactions (dealer to dealer) - upfront import Tax payment V's pay later
20:33 Be sure to pay for import taxes! Important
20:54 Which courier to use
21:38 In conclusion & Outro

Buying and selling watches internationally with dealers overseas can be a rather risky process full of pitfalls and perils.

Lost packages. Returned packages. Stuck packages. Import Taxes. VAT. Duties. Handling fees. Commercial Invoices. DDU. DDP.

What does it all mean? How does it all work?

Why are watch collectors being charged 10% or 15%, 20% 25% extra costs on top of the price of the watch when buying a watch from overseas?

In this (rather long) video (sorry about that) I talk about my experiences and share my knowledge when it comes to buying and selling, importing and exporting luxury watches around the world.

There is a lot that can go wrong, and there are some helpful tips to avoid getting into nightmare situations with customs, courier depots, and buyers and sellers.

Sorry it is so long. Hope there is something useful in here whether
a newbie watch dealer
a collector selling watches overseas
a collector buying watches from overseas.

Cheers. 🍻

My name is Marcelo. I am a Watch professional from Kings Langley, Hertfordshire, England.

My passion is helping watch enthusiasts to make, and save money with their watch-goals.

I like saving people hassles and headaches, and their valuable time, when it comes to buying and selling their watches.

My mission is to share my knowledge, provoke thought and guide watch lovers through the different processes, helping avoid the pitfalls and perils in buying and selling watches - which can be fun and enjoyable - but there are also risks.

I pride myself on being a trustworthy person to do business with; a dependable, hard working gentleman with a righteous soul, crazy high integrity levels and a positive outlook on life.

My working style has always been built on my crystal clear values; integrity, dependability, honesty and hard work, and it’s important to me that I protect my reputation every day as a reliable person to do business with.

If you have any questions about any of my items for sale or my services please feel free to drop me a message.

Cheers,

Marcelo Bustamante,
Prestige Watches


www.prestige-watches.co.uk
  / uk_prestige_watches  
[email protected]