Paying for the RED - ?

BTW, if you are in Canada, there are no duties/fees for the importation of the camera.


Gotta love that Free Trade USA :)

You still have to pay brokerage fees, and the 14% PST/GST, but beyond that, you're golden. :beer: And I feel for you Taubkin, but IMHO, the Brazilian girls make up for any tax liabilities living there.:thumbsup:



RED # wish I was higher
 
haha, Gibby, brilliant and inspiring post.

does the RED at $17k come with a lens? what about storage solutions? if you are renting yourself out as a DP with a RED, will you be providing HD storage solutions, or trying to rent harddrives on a per-project basis?

What about insurance on the camera? Would it make sense to carry a policy that covers the RED at all times?
 
Tom Lowe said:
does the RED at $17k come with a lens? what about storage solutions?
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No. The $17,500 figure gets you the camera body and a display of some kind (though they haven't clarified what the display is, where it attaches to the camera, or how much res it has). There will be some kind of onboard memory included with the camera, though it won't be able to handle recording in RAW or at the highest resolutions (I think Jim said it tops out at 2K) and space will be limited. External storage will be an additional cost, though they are making many options available including flash-based storage, hard drive-based storage, and several outputs for direct connection to a computer. I think there was also mention at the beginning of compatibility with other kinds of third party removable media (compact flash?), but I haven't heard talk on that for awhile. Certainly there will be costs above and beyond the $17,500 that the camera will set you back, but with lots of flexibility and choices you shouldn't have to break the bank over it.
 
Sorry I don't think I was very clear with the Duty tax description before.

The TARIC Code is what decides the duty on an item. The TARIC code for RED ONE will be 9007190000 - Of which I am 99% certain. The Duty paid on this TARIC in the UK is 0%.

You will have to pay 17.5% VAT but if you are a VAT registered business you can claim it back.

If you do claim the VAT back then the cost of the camera will be:

$17500 Camera itself
£200 Postage (geustimate I doubt it'll even be this much)
£250 Maximum Import Fees (It is likely that this would be included into postage via FEDEX or woteva)

Given the rate of the dollar versus the pound it is likely £1 will be worth $2 therefore the camera should cost approx £8750 + £200 + £250

The RED ONE on it's own will cost approximately £9200 to import to the UK if you claim VAT. The figure of £13000 is way off the mark. Somone probably wrote this down with reference to buying a whole RED suite, lense etc. £13000 will probably buy you the camera, lense and REDRIVE and get it imported into the country (before VAT) and leave you with a bit of change.

If you want to find out the Duty fee for your country try going to:

http://ec.europa.eu/taxation_customs/dds/cgi-bin/tarchap?Lang=EN

Type in 9007190000 as the TARIC code and then select your country. Press the Duty Rates button and it should tell you the rate.

I hope this clears it up for some people and rests a couple of minds.
 
I think if you're a business buying a lot of equipment then being VAT registered is a no brainer. I dont make that much money a year at all, but I got VAT registered straight away. So for me it's gonna work out around 10K.

The codes are all speculation at this point. I'd be suprised (pleasantly admitted) if the import duty was 0%. Customs are too greedy for that. It's got to fall under camcorder which is 4-14%. Exchange rates at the time can also make the difference of a few hundered dollars.

Bottom line is until the camera ships and we know the features that determine the tax code; exchange rates and shipping;we could well be out by £2000 or so.

prepare yourself for the worst and if it comes in cheaper celebrate by spending the rest on crack.
 
Darkline said:
The codes are all speculation at this point. I'd be suprised (pleasantly admitted) if the import duty was 0%.
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The Red camera falls under cinematography without a shadow of a doubt. It is in no way a camcorder and Customs would recognise that completely, I can assure you. They are actually very thorough in their classifications. Customs aren't actually that greedy, and you will find more products than you think have 0% duty on them than expected.
 
Homersapien said:
The Red camera falls under cinematography without a shadow of a doubt. It is in no way a camcorder and Customs would recognise that completely, I can assure you. They are actually very thorough in their classifications. Customs aren't actually that greedy, and you will find more products than you think have 0% duty on them than expected.
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It won't fall under Camcorder as that specifies a camera with a tape transport mechanism (AFAIK). Typing in the TARIC code you've mentioned there still gives me a rate of 3.7% though (admittedly not bad). However, when I checked before I was led to believe that the cinematography classification specified a camera that could be loaded with film, as opposed to an electronic recording device.

IIRC the 14% tariff is worked out for a "television camera" with no tape transport, which RED sems most likely to fall under (television being to do with the electronic aquisition of the picture, not the end-use of the camera btw).
 
According to Wikipedia (not the end all to any debate by any means, but certainly a well-rounded source nonetheless), a camcorder is a portable electronic device (generally a digital camera) for recording video images and audio onto a storage device. The camcorder contains both camera and recorder in one unit, hence its portmanteau name. This compares to previous technology where they would be separate." According to that definition, RED would be a camcorder (and that does make sense). I do think that "camcorder" (like "video"... here we go again!) does have some "cheaper" connotation to it, so my guess is that RED certainly isn't seeking either label. But I don't think it would be blasphemous to call it as such.
 
I hope your right Homersapien! :-)

That would be great.

As Stephen points out tho. Digital Cinema (tapeless) is a different beast to a film camera or traditional cinematography. It's a new medium really, but it certianly falls in the digital domain and I'm sure we'll be charged accordingly.

Customs wont code things based on what it's called (i.e digital cinema). Or even on how expensive the camera is. They will just break it down into things like "does it record to tape? does it have an electronic capture device? Can you eat it?" . Infact the features/electronics of the RED may well be compared to that of a DSLR with a movie mode...lol

They may well make a new tax code in the same way a webcam is different to a video or stills cam. I certainly think at this point we should be budgeting for the worst case scenario; which Im hoping is 14%
 
On the other hand....

(trying to resist the "I have four fingers and a thumb gag...")

A Digital Stills camera comes under the TARIC 8525401100 - it is not classified as a Photography camera btw - and has an import duty of... 0%!

It is possible RED would be classified in this category. If not it is likely to fall into either 8525309090 (4.9%) or 8525409100 (4.9%) or 8525409100 (12.5%). You'll excuse me if I can't be bothered to actually explain what each of these codes is, won't you :)

As Homersapien says, if you're an EU resident take a look at http://ec.europa.eu/taxation_customs...archap?Lang=EN and type in the TARIC code (but select USA as country of origin!)

At the end of the day, it'll be Customs and Excise who decide on the classification. So whoever's first to buy one, you get to spend a nice few hours in the company of HMRC as they dismantle your camera to decided how much to charge you for bringing it into the UK!

Well OK, they might not go so far as to actually dismantle it...
 
So what happens if you fly over to the US, pick it up with a lens etc, put it in a camera case, and bring it back into the country? Do they know you didn't leave with it? What if you leave with a cheap camcorder but return with Red One (which looks like a camcorder and seems a similar size)?

Don't you just love tariffs in an age where everyone touts the supposed benefits of free trade?! Ah, the joys of protectionism....
 
visceralpsyche said:
So what happens if you fly over to the US, pick it up with a lens etc, put it in a camera case, and bring it back into the country? Do they know you didn't leave with it? What if you leave with a cheap camcorder but return with Red One (which looks like a camcorder and seems a similar size)?

Don't you just love tariffs in an age where everyone touts the supposed benefits of free trade?! Ah, the joys of protectionism....
Click to expand...

I have a camcorder that looks just like the red if I paint it black.
 
visceralpsyche said:
So what happens if you fly over to the US, pick it up with a lens etc, put it in a camera case, and bring it back into the country?
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The airport thinks it looks supsiciously like a bomb and blows it up :) and then doesn't pay compensation because you didn't declare it :)
 
Stephen W said:
A Digital Stills camera comes under the TARIC 8525401100 - it is not classified as a Photography camera btw - and has an import duty of... 0%!

At the end of the day, it'll be Customs and Excise who decide on the classification. So whoever's first to buy one, you get to spend a nice few hours in the company of HMRC as they dismantle your camera to decided how much to charge you for bringing it into the UK!

..
Click to expand...

Hi Stephen,

Customs & Excise will take the code disclosed on the shipping forms. It is vitally important the camera is shipped with the correct paperwork, otherwise they will just guess what it is!

Stephen
 
Steve Shovlar said:
Best way to find out in the UK is phone up Customs and Excise and ask them. They are there to help. Give them as much information a possible and ask them to get back to you with their answer. Make sure you keep hold of their answer if it is your favour, as it might be usefull if, when on importing, they quote another figure to you.

http://www.hmrc.gov.uk/menus/contactus.shtml
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My father used to work for Customs and Excise. His advice was always to write for clarification. It may seem painfully old fashioned but they are a bureaucracy and if they have to supply a written response it is treated in a different manner from a telephone response. As Steve points out though, it is vital to supply as much information as possible. It goes through the system and they will supply a definitive answer rather than an individual opinion. You then also have a piece of paper to wave under someones nose if necessary.

Martin
 
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