Source: HM Revenue & Customs | 30/07/19
Here is a reminder for our readers of their duty and tax free allowances if travelling abroad this summer.
Travelling to an EU country
Where tobacco or alcohol is brought in from another EU country, no duties or tax will be payable as long as you can demonstrate that the goods are for your own use, and that you paid the relevant taxes and duties on the purchase.
However, HMRC provide the following guidelines as to an acceptable maximum for personal use. If you exceed these limits, you are more likely to be subject to further questioning.
Travelling to a non-EU country
If you are travelling outside the EU, you are allowed to bring the following back to the UK for your own use without any UK tax or duty liabilities.
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Some accountancy websites also provide pages and pages of tax information, helpsheets, etc. We prefer to give clients personally tailored advice. So, if you want details of tax rates and allowances just go to the HMRC website on which you should find what you’re looking for. If you need more individual advice please contact us.
Below are links to websites you may find of interest, but as we like to support our local community and clients, we have included links to websites that may be of interest: