The British Virgin Islands, sometimes simply just the Virgin Islands, is an overseas British overseas territory. Located in the Caribbean, it is independent from Britain yet is still a member of the Commonwealth.
The Virgin Islands are a 'tax haven', making them heavily used for tax evasion purposes. The country is very strict with its customs laws, and therefore it's vital that you package your delivery properly, with the correct labels, and ensure that you check that the items you are sending are not on the restricted or prohibited item lists. You can find more information on these below.
What nicer to find than a place with virtually no taxation of any kind, there is an income tax but the rate is about zero, there is no VAT, capital gains tax, sales tax or inheritance tax. The British Virgin Islands have become a financial centre for off shore companies who can trade without paying any major tax bills. There are some taxes and these tend to be an employee tax based on the number of employees, a customs tax, stamp duty, land tax and a withholding tax on interest payments for EU residents who do not disclose any information. The British Virgin Islands are a mixture of new and old but are founded on old British Law and the whole islands have been developed from the old colonial system but they have found a niche as a tax haven for companies that have their main bases in far away countries.
The parcel trade to here would seem to be limited but there is a certain amount and the costs are quite reasonable. The customs restrictions are pretty much standard but there is only a limited duty free allowance and above that the customs duties apply and it is fairly strictly enforced both in and out of the country. Many an American on holiday has been surprised by a rather large tax bill. This however is how the British Virgin Islands collect taxes so be prepared to pay duties on your parcel goods.
The prohibited products are what you would normally expect, with explosives and drugs etcetera but some are extremely strict. Drugs are very strictly controlled, as there is a major problem in the whole of this area.
Meat transfer is totally prohibited without a very strict permits being in place, which are very difficult to get. The island relies on agriculture and this area is tightly controlled any imports will either be forbidden or expensive in terms of duty. To be fair most people will not wish to send parcels of this kind but there is certainly business for financial information and most of this will require a secure transfer and a detailed parcel service which you can be sure will be accommodated by Worldwide Parcels.
It is important to bear in mind the following points when you send a parcel to British Virgin Islands:
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|Item Value||Ex. VAT||Inc. VAT|
|Up to £100.00||£2.99||£3.59|
|Up to £200.00||£3.99||£4.79|
|Up to £300.00||£5.99||£7.19|
|Up to £400.00||£7.99||£9.59|
|Up to £500.00||£9.99||£11.99|
|Up to £600.00||£11.99||£14.39|
|Up to £700.00||£13.99||£16.79|
|Up to £800.00||£15.99||£19.19|
|Up to £900.00||£17.99||£21.59|
|Up to £1000.00||£19.99||£23.99|
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