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  • Hey all, just changed over the backend after 15 years I figured time to give it a bit of an update, its probably gonna be a bit weird for most of you and i am sure there is a few bugs to work out but it should kinda work the same as before... hopefully :)

EU Prices for RED product - Clarity

andy black said:
My Red One BT cost £3318, which is exactly $5397 U.S.
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or around 4.000 €
:-)
as alan said, just my "rule of thumb" calculation. but mostly it hit it more or less...
for shure red uk calculate it very precisely.

best, n.
 
Norbert Jalitsch said:
the amount is the same as given on the red.com site.
but you have to delete the $ and put on a € instead...
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That's how it is for each and every tech product there is, be it a laptop, smartphone or camera. US price equals Euro price by replacing $ with €, no way around it.
 
Michel Rabe said:
That's how it is for each and every tech product there is, be it a laptop, smartphone or camera. US price equals Euro price by replacing $ with €, no way around it.
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Actually that's not true.
If you are a working professional you can get the VAT back or are simply exempted if you have a professional ID number (In France it's called a SIRET). This is about two thirds of the additional cost.
If you are an American buying in Euros, you can get refunded for the VAT with a detaxe form when you leave for America, if it is within 6 months time of purchase.
 
no, in France, it's not the SIRET number, but in French : "numero intracommunautaire de TVA" : FR + 9 number
 
If you are VAT registered this are some of the prices for you folks to compare... EX VAT prices:

RED ONE® M-X w SSD Module (BT) £ 2,735.00
RED STATION® REDMAG™ 1.8" (Mini) - ESATA £ 130.00
REDMAG™ 1.8" SSD 64GB £ 485.00
AC Power Adaptor - 150w (RED ONE®) £ 95.00

Delivery to Finland for the all above £ 165.00 (FedEx International Priority).

Delivery was exceptionally quick, 2 days, FedEx service superb... Nothing but great, prompt & hassle free
 
Clayton Burkhart said:
Actually that's not true.
If you are a working professional you can get the VAT back or are simply exempted if you have a professional ID number (In France it's called a SIRET). This is about two thirds of the additional cost.
If you are an American buying in Euros, you can get refunded for the VAT with a detaxe form when you leave for America, if it is within 6 months time of purchase.
Click to expand...


actually, it is true. i have a valid vat number. ordered: 1 x 3BNC-to-00 Lemo Sync Cable and 1 x RED STATION® REDMAGTM 1.8" (Mini) USB 3.0, which is worth in dollar: 295,--.
the invoice from red uk, incl. shipping excl. vat was: gbp 230,--

after doing a wire transfer, the amount of eur 314,14 went away from my bank account.

if you don't believe it, i will post the screenshots...

norbert
 
Erwin van Dijck said:
Is there some kind of shop or showroom in the London office where you can try out various accessories (like rails, 9" monitor, quick release plates etc.)?
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You are welcome to come visit our Pinewood office - let us know when you want to come and what you would like to see - we'll make time for you.
 
Clayton Burkhart said:
Actually that's not true.
If you are a working professional you can get the VAT back or are simply exempted if you have a professional ID number (In France it's called a SIRET).
Click to expand...

I suspect you will find there are a lot of working professionals who aren't VAT registered.

Freya
 
Freya said:
I suspect you will find there are a lot of working professionals who aren't VAT registered.

Freya
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When I was 18, I was VAT reg in the UK, voluntary registration is possible so it's a clear choice if you don't. You have to add up the cost of compliance if you don't want to do your returns yourself.
 
Stephen Williams said:
When I was 18, I was VAT reg in the UK, voluntary registration is possible so it's a clear choice if you don't. You have to add up the cost of compliance if you don't want to do your returns yourself.
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Hiya Stephen!

Not quite sure what you mean exactly. I was always told that it was cheaper to not be VAT registered unless you were doing a lot of business and most small traders I knew growing up were not VAT registered to the best of my knowledge. However some of the advice I've been getting lately hasn't been as sound as I would have liked. :(

What do you mean by compliance and what do you mean by doing your returns yourself? Do you mean tax returns? If so don't you have to do these in terms of self assesment at the end of the year anyway?

Would probably help me if you can tell me more I suspect! :)

Freya
 
Freya said:
Warning, the pinewood office isn't that easy to get to unless you are driving.
I've heard rumours of a new showroom somewhere in London. I'm hoping it will be near a train station or even the tube!

Freya
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Interesting - I'd like to hear more about that....
 
Freya said:
I suspect you will find there are a lot of working professionals who aren't VAT registered.

Freya
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If your turnover is more than £77,000.00 you are (my understanding!) legally obliged to be VAT registered and collecting/passing on that tax in the UK. If you are trading on a turnover of +£77K and are not registered you leave yourself wide open to be targeted by HMRC and asked for the VAT that you should have charged your clients. My understanding is they can go back through your turnover (not interested in your profits) for the previous 10 years and demand appropriate payment where VAT would have/should have been due - I know of two people where this has happened and it has been a total nightmare because their clients have closed off their accounts for those years and do not want to re-open. It is your legal responsibility within the EU to register, not the inspectors to enforce registration - they will only enforce payment. You have been warned!
 
Thanks for the warning! :) Would kinda like to have that problem! ;)
Noted that it's based on Turnover and not profit tho. Good to keep in mind for the future!

It's good that I have a better understanding of this now rather than people just telling me I don't have to worry about it.
It's not a problem till the day it IS a problem!

Do you know what Stephen meant about the cost of compliance?
Thanks for your help Iain! :)

Freya
 
If your turnover is below the £77k threshold you can choose to register for VAT, means you can claim it back from most purchases for the business, but you also have to charge it too; an accountant or other financial advisor is your best bet to speak to about it.

If you do wait until you hit the threshold, just watch out for the transitional period, i.e. you moving from not having to charge VAT, to having to; if you're not careful you can end up paying the VAT out of your own pocket for a few projects, similar to what Iain mentioned above.

Cost of compliance is probably related to your time/accountant's time in making sure all the paper work is done properly and appropriate records are kept, end of tax year things etc.
 
Im not quite sure where the problem is here. If you are a professional working photographer/Cinematographer then I would assume most of you work will be for companies and there for they can recover the VAT element of an invoice. The only time you are likely to be at a cost disadvantage is if you are working for an individual or non VAT registered business who cannot recover VAT and you may cost more than a non VAT registered supplier. Accounts have to be done anyway so a record of invoices send and received so its very easy to list VAT element of the invoice it takes seconds to do and listing invoices to be done anyway so its really not a problem. The only element of VAT that seems odd is Schools and colleges can't recover VAT.

It doesnt matter if the camera is made by Red or Canon or any other manufacturer or if its any other product, if it comes in to the UK or Europe you have to pay the VAT. If your a VAT registered then you can reclaim it. You cant reclaim the import duties though so far as I know.
 
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