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New EU Customs Regulation Ends VAT Exemption for under €22 Parcels

  • 20-03-2020 10:28am
    #1
    Registered Users, Registered Users 2 Posts: 7,264 ✭✭✭


    Seems like the days of buying cheap stuff off Aliexpress/Ebay/Banggood are coming to and end:
    Following an amendment to Regulation (EU) 2015/2446 on EU customs rules, from 1 January 2021 it will be possible to declare goods up to €150 with a simplified customs declaration. The existing VAT exemption for goods up to 22 € will thus be abolished - the popular shipments from China with the label "Gift, 10$" will then be a thing of the past.

    Link


Comments

  • Registered Users, Registered Users 2 Posts: 32,386 ✭✭✭✭rubadub


    The limit is €22 here, but they officially do not collect below a certain value of VAT, I think about €6 so effectively it is about €26 if your item is 23%


    EDIT
    https://www.revenue.ie/en/importing-vehicles-duty-free-allowances/buying-of-goods-online-for-personal-use/buying-goods-from-outside-the-eu.aspx
    If the VAT payable is €6 or less it will not be collected.

    €26 x23% =€5.98


  • Registered Users, Registered Users 2 Posts: 3,817 ✭✭✭Darc19


    Revenue could change their rules at any time.

    But the big change will be in delivery charges when the new universal postal union rate system comes into effect next January (this July in the USA)

    Up to now countries like China could set their own international rates and local services like an post had to accept it even though they delivered it at a loss.

    Now the rate applied will be 70% of the deliver to country's rate.


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