Are there taxes from items purchased in the UK?

I buy on a regular basis from the UK, Scotland to be exact since it is closer shipping wise to the US. I buy only UK manufactured products. Since the price you pay is less VAT, now 17.5%, the rest of the issues shipping/insurance, credit card fee for foreign exchange and brokerage about 3% need to be less then a US purchase. On the last purchase, made about nine months ago I saved about 10%. The final issue is warranty, which depending on the product, may or may not be honored by the USA distributor. Packing is also an issue, but if the dealer double boxes you should be okay. Also, if you were going to buy in the uSA you will be paying sales tax and maybe shipping. I will soon make another purchase once the pound get to 1.30.

In the eighties, when the pound was a parity, I purchased many CD's, which when landed, were half the cost of USA product. I still buy cd's from Amazon UK.

'The standard rate of VAT will reduce to 15 per cent from 1 December 2008. The rate will stay at 15 per cent until 1 January 2010, when it will go back to 17.5 per cent.'

Thanks for the responses, guys. To give a little more detail, the speakers here in the US costs $16,000 + sales tax + shipping. From the UK, they would be $10,900 (including shipping). What do you think? I'm hesitant at all the hidden costs that may be involved.

- Doc

Considering the economic times I would try to negotiate a lower price here, at that price level there should be a considerable profit margin. If they are being shipped to another state you shouldn't pay sales tax. I have had all kinds of experiences in the past, including a US customs agent telling me he wasn't going to let my speakers off the ship until I gave him $5. I was there and I don't believe it either. I never had a broker but that was years ago, I brought some electronics in by air in the early 90s and picked them up at the airport myself, but 9-11 hadn't happened then.

What is the make of the speakers? just out of curiosity.