Not if you then pay the import duty and VAT when you bring it back to the UK.
Don't forget shipping costs.
Only if it is unused and still in the original wrapping, a friend of mine bought a Rolex in Dubai, had it on his wrist when coming back through customs, said that he had bought it as a gift for himself and the customs guys said it was fine. No issues, no import duty or VAT
It would have been part of my carry on luggage
I think that's covered by the bit of the thread title that appears in brackets.Not sure if I'm missing something here, but bikes (and most other stuff too) has always been cheaper in dollars. This is not news.
Indeed. Try paying car tax in Ireland.Someone always has it worse than you.
According to gov.uk the appropriate piece seems to be "planning to sell". I've always thought that if you bought yourself something (anyone remember the game Contraband from their childhood) it was ok if it was for you and you were using it before you passed customs so wearing a watch, having used perfume etc.I find that doubtful. Duty and VAT would be payable on all goods purchased outside the EU with a value over £395, whether wrapped, used, a gift or not.
Your friend either failed to declare or is telling porkies.
The US Prices are often advertised excluding federal and state taxes too, so makes them appear cheaper than they actually are, not sure if that's the case here.
But try adding one to the basket and filling in the shipping details see what the total with tax comes to.
"Any takers" would soon find the harsh realities of the import business.If it is such a big ripoff that some suggest, this is an ideal opportunity for a business importing these incredibly cheap goods and undercutting all the evil ripper-offers.
Any takers?