
The envelope, please...
Wow! Our heartbeat is pounding! What a race!
Today a cool friend of us showed up in the office with a … well, I would say ‘big’ camera cannon. Or cannon camera. Whatever. She explained that the lenses make it ‘bigger’. A big thing, indeed.
Camera and camera lenses are hot categories on our beloved Duty Calculator. Thus the question: which are the most expensive lenses that are searched on the route from USA to UK? (and yes, we know that the route is disrupted because of the volcano activity right now, but it will be back soon, no?)
It took a while to get the answer. We had to pull the raw data, open an excel spreadsheet (which crashed a couple of times) and… the winners are…
(1) First, Nikon 70-200mm f/2.8G with a query value of $ 2,000 (£ 1,300)
(2) Second, Canon EF 70-200mm f/2.8L IS with a query value of $ 1,900 (£1,233)
(3) Third, Canon EF 100-400mm f4.5-5.6L IS with a query value of $ 1,610 (£1,039)
Nikon 70-200mm and Canon EF 70-200 are soooOOO close. Less than £70 difference!

... the winner is: Nikon 70-200mm f/2.8G with a value of $ 2,000 (£ 1,300)
Actually, the most expensive query that we find in camera lenses category is a Carl Zeiss professional bundle, but given that it is a bundle, we decided to leave this out of the competition. The user ran a query for $ 3,800 (roughly £ 2,500).
IMPORT DUTY HS CODE AND TAX RATE ON CAMERA LENS
A camera lens has a HS code of 9002110090 and an import duty tax of 6.7%.
IMPORT DUTY AND VAT AND LANDED COST CALCULATION
How much would it be to buy the winner online in the USA and import to the UK?
Easy! Here comes another cool example of import duty and VAT calculation. Ready? Go! First we calculate the customs value: price of the item in USD + shipping cost (check the BundleBox for a more precise shipping estimate) + insurance cost = $ 2,000 + $ 50 + $ 0.00 = $ 2,050.00. Then we convert USD into GBP using the official rate of 1.4913 USD to GBP (the official rate changes on a monthly basis, this rate is for April 2010). Therefore USD 2,050.00 divided by 1.4913 equals GBP 1,374.64 . Finally we multiply GBP 1,374.64 times the import duty rate for camera lenses that is 6.7% = GBP 92.00 and this is how much import duty we will have to pay.
Now it is time to turn to import VAT. 2,050.00 + 92.00 = GBP 1,466.74 and this is the import VAT value. We then multiply GBP 1,466.74 time the import VAT tax rate for UK that is 17.5% = GBP 256.68. Awesome!! Total charges for import duty and VAT = GBP 348.78 .
The landed cost from the USA to UK a Nikon 70-200mm f/2.8G is GBP 1,723.42 (price of the item GBP 1,374.64 + import duty GBP 92.00 + import VAT GBP 256.68).
After so much workout, we are sweating. Easier to turning to the DutyCalculator, what do you think?
Happy shooting!
A worn-out Duty Calculator Team
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