Customs Duty level rises for Imported Goods

Guernsey Post is advising customers that due to the revalorisation of the Euro against the pound sterling, which takes place in October each year, the value of goods before customs duty is calculated is rising from £120 to £135 with effect from 1 January 2010.

There is also a change to the limit before VAT is applied to gifts sent between private individuals, which rises from £36 to £40.

There is no change to the current limit for low value consignment relief, which will remain at £18 and goods with an intrinsic value of £18 or less will not be assessed for import VAT.