Nav Ad Widget - Mobile

Collapse

Nav Ad Widget - Desktop

Collapse

Announcement

Collapse
No announcement yet.

Saving 20% GST [VAT] in London

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Saving 20% GST [VAT] in London

    Hi all

    A while back, when I still lived in Singapore, I wrote to 5 Rolex dealers in London to check on their tax-free purchase systems. Most use a central system where buyers lose up to 8% for 'admin fees.'

    One dealer emailed me back to say that all they take is a £10 Admin fee – about S$20 – and then the rest of the 20% GST/VAT is returned to the buyer. I was genuinely amazed.

    Of the 5 dealers, one never replied and the other 3 had admin fees of up to 8% of the GST... Pretty bad really. My job has changed and now I'm back in the UK and I can't buy tax-free any more in the UK.

    But if you all know anyone who is in London and looking to buy any of the watches that David M Robinson sell, then you'll get back 20% of your GST which is great. This applies to any watch you buy from them, not just Rolex.

    Their showroom address is: 4 Jubilee Place, Canary Wharf, London, E14 5NY, UK and you could ask for Keith or one of his colleagues. Their company website is: www.davidmrobinson.co.uk if you want to check them out online. They do have branches in other cities: Liverpool, Manchester, Chester, Altrincham and Stockport but I don't know if the GST refund is the same across England.

    I hope that is helpful to some of you passing through London or with friends returning from London.

    Best wishes

    Richard

    Disclosure: I've never bought a watch from David M Robinson in Canary Wharf, London and I'm doing this because I'm helpful. It doesn't cost me anything to pass this on and it seems like good karma.
    GMT IIc / Milgauss GV

  • #2
    I did a quick example too: Example: The VAT amount is currently divide the retail price by 6. So, if the Rolex was £5,000 the refund would be £833.33. Then less £10 admin fee – so the total tax refund would be £823.33. That's a substantial saving for travellers / tourists in this £5,000 example.
    GMT IIc / Milgauss GV

    Comment


    • #3
      And now I found the UK government link explaining the process:
      https://www.gov.uk/vat-consumers/taxfree-shopping

      R
      GMT IIc / Milgauss GV

      Comment


      • #4
        How much % he gives on the retail then? Tax refund you get everywhere in Europe, Sweden it`s 25% and Hungaria even 27%

        Comment


        • #5
          This is for people visiting London, rather than elsewhere. If someone is in London and looking to buy a new Rolex, this retailer seems helpful and returns all the VAT, less a tiny admin fee. The buyer should chat with the dealer about any other details.
          GMT IIc / Milgauss GV

          Comment


          • #6
            But I'm glad you took time out of your busy life to type that comment for us. Have a busy, wonderful day.
            GMT IIc / Milgauss GV

            Comment


            • #7
              Originally posted by supo3
              i dont claim VAT
              not worth my time
              Haaa... Sure boh bro? Try buying higher end Pateks in Europe and don't claim vat. Heee heee...

              Comment

              Footer Ad Widget - Desktop

              Collapse

              Footer Ad Widget - Mobile

              Collapse
              Working...
              X