Are there taxes from items purchased in the UK?


Hi guys,

I was thinking of purchasing some speakers from the UK since the dollar-pound exchange rate has become favorable over the past couple of months. Are there any duty taxes, custom taxes, etc that I need to factor in before deciding on purchasing the speakers and having them shipped to the US?

Thanks.

- Doc_stereo
doc_stereo
Buconero117, I personally hope the pound sterling will not go as low as $1.30 as for me $1.50 is bad enough, the forecasts I have heard from those 'in the know' is that it will go up to about $1.60+, it has been hovering around the $1.50 minus a few cents for the past few months or so. In these climes nothing would surprise me, well maybe the 2,500,000 jobs lost in the US in 2008 with 500,000 lost in December 2008 alone!, the worst since WW2.
When considering doing this,negotiate so that the taxes and duties are paid by the shipper.You might also inquire as to servicing this product in the US,as many companies discourage this to support the importer.Many won't perform service on products bought this way (Burmester being one).
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.'

C'mon doc give us the name and make of the speakers, be a good sport old chap.