Vintro Pro
NL · FR · EN
Vintro Pro
NL · FR · EN
Not on your purchase price alone. Transport counts, and so do duties.
On the customs value, plus duties and incidental costs. The customs value is as a rule the purchase value with transport and insurance up to the EU border. On top of that come any customs duties, and incidental costs such as transport, insurance and commission up to the first destination in Belgium (VAT Directive, articles 85 and 86). Calculate on the purchase price alone and your VAT comes out too low — which only shows at your customs agent's statement.
What import VAT is calculated on
Customs value
Purchase, transport and insuranceup to the EU borderCustoms duties
If there are anyIncidental costs
Transport, insurance, commissionup to the first destination in BelgiumThe basis
Import VAT is charged on thisVAT Directive, articles 85 and 86.
For large pieces of furniture from the UK that gap is not small: transport can be a substantial part of the value, and it counts fully towards the basis on which VAT is charged.
For your costing it means the hammer price is not your purchase price. Take the full landed cost into account before you decide what a piece has to earn.
If you are VAT-registered with a right of deduction, import VAT is usually not a cost but pre-financing: you take it into your return. With an ET 14.000 authorisation you do not pay it to customs up front, but process it as due and deductible in the same return — so no money leaves.
Start from what the piece really cost you: the purchase price plus transport, any import costs, and whatever you put into repair. Then account for the VAT that sits inside your margin, because you pay that over. What is left is your real profit — and only then do you compare with what similar pieces fetch.
Vintro Pro keeps, per piece, what you paid, when, and where it came from. Your stock list and your margin VAT build themselves while you work.
30 days free, no card number.