What's the difference between VAT and a duty tax? I sold something on eBay and I want to see what the tax might be. The destination country says there is no duty for items less than 150.00 value, but there is a VAT of 15%. I thought duty was same as VAT
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Krumple
ANSWERS: 3
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No - duties are an extra charge payable on imports, which would not be payable on the same thing manufactured in the country. VAT is then payable on the price after duty for imports, or the original price for non-imports. The purpose of duties is to favour domestic produces while raising money.
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I think 'duty' refers to import tax.
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Duty is import duty - it's a tax levied on something when it is imported, and it is payable by the person receiving the goods. If you are not registered for VAT in the destination country, presumably the UK or other EU country, then you can't charge it because the tax authorities have no way to reclaim it from you.
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