Just a few specifics......
Duty free. Citizens travelling back to the EU from the UK have a greater tax free allowance than people travelling to the UK from the EU.
Buying online. If I buy online from a UK seller, I pay no VAT on goods with a value of €22 or less. Over €22 I pay 21% VAT on the combined cost of the item and the postage costs. I pay no import duty on goods worth €150 or less.
If I sell to a UK buyer, the buyer now pays VAT on everything, cost price plus postage. Not sure on import duty.
I will still buy 45s I want from UK sellers but the chance of selling to a UK buyer has greatly diminished due to the extra tax/duty costs.
Duty free. Citizens travelling back to the EU from the UK have a greater tax free allowance than people travelling to the UK from the EU.
Buying online. If I buy online from a UK seller, I pay no VAT on goods with a value of €22 or less. Over €22 I pay 21% VAT on the combined cost of the item and the postage costs. I pay no import duty on goods worth €150 or less.
If I sell to a UK buyer, the buyer now pays VAT on everything, cost price plus postage. Not sure on import duty.
I will still buy 45s I want from UK sellers but the chance of selling to a UK buyer has greatly diminished due to the extra tax/duty costs.


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