Does anyone have a link to the French customs regs giving the thresholds to pay duty & VAT - I have come across a couple of links which look reliable and say it’s 450€’s worth of goods before duty is payable - but what about VAT, is that payable on all goods?
As things stand we’ll be out of the EU the next time we enter France but will be bringing a couple of items over which will stay - total value about 150€
Yes, obviously the French wine producers and German car manufacturers were supposed to be beating paths to Macron’s, Merkel’s and Barnier’s door to insist we got whatever we wanted from the negotiations - perhaps they didn’t get the script?
Seriously though - I doubt it will affect the large wine importers/exporters all that much - the import tariff on a bottle of wine is actually quite modest, just a shade more than 12p for above 13% strength wine and excise duty and VAT will be levied at much the same points in the chain - the funds will just wind up with a different government.
Where I think it will hit hard is the last stop, “fill the boot up” retail outlets. It will be difficult or impossible for individuals to avoid paying duty and VAT twice if they go over the duty free limit on the way home and the duty on a bottle of wine is £2.16, plus the 20% VAT.
I think the appeal of inexpensive wine bought in France will fall away if bringing it back home doubles the price.
Tim is correct - but even if that were not the case the point at which duty and VAT are paid won’t actually change for the big importers/exporters and, in the short term at least, I doubt the rates will change much either.