Importing Cigars Into the U.K? Here's How Brexit Will Change Things
Importing cigars into the UK has been a common thing for many cigar smokers. Since the Brexit deal was announced on the 24th, many people have been wondering how this new deal will impact their cigar imports from the EU.
Previously, importing cigars from the EU has been relatively easy. There have been no customs, duties, VAT or any requirement to pay any further taxes on cigars imports from the EU. This latest deal has changed things quite drastically.
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As you can see on the screenshot above, importing 25,000 EUR worth of cigars into the U.K. incurs no charges. This will remain as such up until the end of December 2020.
Starting in January 2021, all cigars being imported from EU countries will incur the same duties and taxes as they would from other countries in Europe. For example, if you were importing cigars worth the same amount as shown in the screenshot above from Switzerland, you'd end up having to pay more than £11,500 in duties and taxes. This will now apply on imports from EU countries too.
Click here for the link to the calculator.
This change me be disappointing for some. It could create a situation where it's no better importing from the EU, than it is buying cigars from local stores and websites. Having said that, this change could prove beneficial for the industry within the U.K.
Over the last few years, the cigar industry has been growing quite rapidly and many people attribute this growth to the younger generations. Importing from the EU may no longer offer any advantage and for this reason, customers may end up making their purchases locally. If customers can see no benefit to buying cigars EU countries, this could help grow the local industry even more than it already has.