1. What is CIF?

CIF (Cost, Insurance, and Freight) is the value of goods including the cost of the goods themselves, insurance, and all transportation costs up to the port of destination in the UK.

2. Understanding UK Import Costs

When importing goods into the UK, you typically need to pay:

• Customs Duty: Percentage based on the type of goods and country of origin
• VAT: Standard UK VAT rate (usually 20%) applied to the CIF value plus duty
• Additional Fees: In some cases, excise duties or other charges may apply

3. How Import Costs Are Calculated

Example Calculation: For £1000 CIF with 5% duty and 20% VAT:

• Duty = £1000 × 5% = £50
• VAT Base = £1000 + £50 = £1050
• VAT = £1050 × 20% = £210
• Total = £1000 + £50 + £210 = £1260

4. Using the Calculator

Instructions: Enter the CIF value of your goods in £, the applicable duty rate (%), and UK VAT rate (%). The calculator will show the breakdown of costs and total amount due.

5. Frequently Asked Questions (FAQ)

Q1: Where can I find the duty rate for my goods?
A: Check the UK Trade Tariff on gov.uk or consult with a customs broker.

Q2: Are there goods exempt from VAT or duty?
A: Some goods may be exempt or have reduced rates depending on type, value, and origin.

Q3: What currency should I use?
A: The calculator uses £ (GBP). Convert foreign currency CIF values using HMRC's exchange rates.

Q4: Are there additional fees not included here?
A: Yes, there may be customs clearance fees, excise duties, or other charges depending on the goods.

Q5: How accurate is this calculator?
A: It provides estimates based on standard calculations. For official figures, consult HMRC or a customs professional.