Re: B&H in NYC to England - OK???

In article <onoo14turo6fma6gi3pn2p7h0c8q51gsc2@[EMAIL PROTECTED]
>, Robert Coe 
bob@[EMAIL PROTECTED]
 says...

> How would you compute the VAT on an object that was neither made nor
sold in
> the taxing country? I'm sure I don't understand VATs very well (we don't
have
> them), but I thought they were imposed on whoever added "value" to the
> product. Who does that in this case? The carrier?

VAT is basically retail sales tax.  If you buy goods from outside the EU 
VAT becomes payable when the goods arrive in the EU.  The taxable value 
of the goods includes purchase and carriage costs and import duty.
> 
> Or is "VAT" in this context just shorthand for "an import duty
equivalent to
> the VAT that would have been paid by the seller if the product had been
sold
> locally in the receiving country"?
> 
No.  Import duty is separate, and is calculated according to "The 
Tariff" published by HMRC.  There are many categories of goods, and 
different rates of duty, that can be checked here:
http://ec.europa.eu/taxation_customs/dds/cgi-bin/tarchap?Lang=EN