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Where Taxpayers and Advisers Meet

Import from Cayman Islands

alanrichey
Posts: 7
Joined: Wed Aug 06, 2008 3:50 pm

Import from Cayman Islands

Postby alanrichey » Fri Nov 16, 2018 4:02 pm

A friend has asked me to bring an engagement ring that was purchased in the Cayman Islands back to the UK with me. He thinks that because the Caymans is a Britsh dependency that the ring will not be liable to import duty and VAT, but he cannot find the source of the information. I think it will be subject to 20% VAT and 2.5% import duty. Who is right ?

AGoodman
Posts: 609
Joined: Fri May 16, 2014 3:47 pm

Re: Import from Cayman Islands

Postby AGoodman » Tue Nov 20, 2018 1:10 pm

I'm no expert but I am pretty confident you are right and he is wrong. The Cayman Islands are definitely not within the UK/EU VAT regime or EU customs area.


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