The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX


Go Back   Rolex Forums - Rolex Forum > Rolex & Tudor Watch Topics > Rolex General Discussion

Reply
 
Thread Tools Display Modes
Old 18 October 2015, 10:35 PM   #1
Busyboy
"TRF" Member
 
Join Date: Oct 2015
Location: Uk
Posts: 1,069
Is this allowed???

I went to a rolex boutique in London... I was trying to get a discount on a gold sports piece and really pushing. The sales assistant said I can get 10% off... But I pushed again... Then she said I can claim the VAT tax BACK if I organised some friend or relative to take the watch out of the EU

I was told I'd buy the watch and get a good discount. I'd buy it almost tax free! But I guess I pay a small administration charge. The watch would be mine and Id wear it from that day onwards.. .. But within 3 months I'd need to take my friends passport to the rolex shop, to be photocopied. And give them my watch... Also give my friends flight details to go to "????". and their address in "????" . this is done about a week before they fly

Then the day they fly (within 3 months from my purchase) a rolex courier will meet them in the departure lounge of Heathrow airport and hand the watch over to them

It won't be in a box - they just wear it...as their usual watch and fly then disembark in ???? as usual... The agent told me a lot of people do this. The watch is now not brand new in a box etc - and so is just treated as another of my friends possessions (non of which paid UK vat)

The rolex agent said it was normal and lots of people do it. That's why they set up the courier service - for VIPs - so the papers etc are all done for them in customs - and so is no inconvenience - they just come and hand you the watch when it is processed

When you return to UK. It is just worn on your wrist as usual. No problem!

Clearly if it is actually illegal I wouldn't consider it. Nobody ever told me this before so I just want to check it out

Hope i explained it well enough. I guess I know (non UK) foreigners always claim UK tax back at airport. So the practice is normal... Like if I brought the watch for my friend perhaps I guess.... But what I'm not sure of is do you have to pay anything to legally get the watch ito into "!!??" I'm not sure!!!??

From that point on. I guess you just wear it back to EU same as any other item you own???
Busyboy is offline   Reply With Quote
Old 18 October 2015, 11:56 PM   #2
RRGHOST1
"TRF" Member
 
RRGHOST1's Avatar
 
Join Date: Dec 2009
Real Name: luke standing
Location: england
Watch: Rolex TT SubC Blue
Posts: 3,997
I can underststand the theory about it but it seems too complicated for me. There are plenty of sellers in the Uk and dealers. If you want brand new,there is a shop in Blackburn that is good.
__________________
RRGHOST1
RRGHOST1 is offline   Reply With Quote
Old 19 October 2015, 12:04 AM   #3
GoingPlaces
"TRF" Member
 
GoingPlaces's Avatar
 
Join Date: Jul 2014
Location: Washington, DC
Posts: 5,356
That's a long way to get home. Just buy from a trusted seller, you will do better.
GoingPlaces is offline   Reply With Quote
Old 19 October 2015, 12:24 AM   #4
bondtoys
"TRF" Member
 
Join Date: Mar 2009
Location: World
Watch: 16750
Posts: 2,733
You're really asking if that's illegal?

Of course - it's called tax evasion and I am surprised that a Rolex Boutique would assist by that with those dogdy moves.....

Hope hat one day they offer such a kind of ' service ' to a tax officer....
bondtoys is offline   Reply With Quote
Old 19 October 2015, 12:28 AM   #5
padi56
"TRF" Life Patron
 
padi56's Avatar
 
Join Date: Jun 2005
Real Name: Peter
Location: Llanfairpwllgwyng
Watch: ing you.
Posts: 53,062
Quote:
Originally Posted by Busyboy View Post
I went to a rolex boutique in London... I was trying to get a discount on a gold sports piece and really pushing. The sales assistant said I can get 10% off... But I pushed again... Then she said I can claim the VAT tax BACK if I organised some friend or relative to take the watch out of the EU

I was told I'd buy the watch and get a good discount. I'd buy it almost tax free! But I guess I pay a small administration charge. The watch would be mine and Id wear it from that day onwards.. .. But within 3 months I'd need to take my friends passport to the rolex shop, to be photocopied. And give them my watch... Also give my friends flight details to go to "????". and their address in "????" . this is done about a week before they fly

Then the day they fly (within 3 months from my purchase) a rolex courier will meet them in the departure lounge of Heathrow airport and hand the watch over to them

It won't be in a box - they just wear it...as their usual watch and fly then disembark in ???? as usual... The agent told me a lot of people do this. The watch is now not brand new in a box etc - and so is just treated as another of my friends possessions (non of which paid UK vat)

The rolex agent said it was normal and lots of people do it. That's why they set up the courier service - for VIPs - so the papers etc are all done for them in customs - and so is no inconvenience - they just come and hand you the watch when it is processed

When you return to UK. It is just worn on your wrist as usual. No problem!

Clearly if it is actually illegal I wouldn't consider it. Nobody ever told me this before so I just want to check it out

Hope i explained it well enough. I guess I know (non UK) foreigners always claim UK tax back at airport. So the practice is normal... Like if I brought the watch for my friend perhaps I guess.... But what I'm not sure of is do you have to pay anything to legally get the watch ito into "!!??" I'm not sure!!!??

From that point on. I guess you just wear it back to EU same as any other item you own???
Yes its illegal and called tax evasion, I am sure you would get a much better deal from any other AD outside London especially on all gold slow sellers..
__________________

ICom Pro3

All posts are my own opinion and my opinion only.

"The clock of life is wound but once, and no man has the power to tell just when the hands will stop. Now is the only time you actually own the time, Place no faith in time, for the clock may soon be still for ever."
Good Judgement comes from experience,experience comes from Bad Judgement,.Buy quality, cry once; buy cheap, cry again and again.

www.mc0yad.club

Second in command CEO and left handed watch winder
padi56 is online now   Reply With Quote
Old 19 October 2015, 12:35 AM   #6
brandrea
2024 SubLV41 Pledge Member
 
brandrea's Avatar
 
Join Date: Jul 2013
Real Name: Brian (TBone)
Location: canada
Watch: es make me smile
Posts: 78,091
Quote:
Originally Posted by bondtoys View Post
You're really asking if that's illegal?

If course - it's called tax evasion and I am surprised tgat a Rolex Boutique would assist by that with those dogdy moves.....

Hope hat one day they offer such a kind of ' sevice ' to a tax officer....
Exactly
brandrea is offline   Reply With Quote
Old 19 October 2015, 12:45 AM   #7
Lordofrolex
"TRF" Member
 
Lordofrolex's Avatar
 
Join Date: Sep 2015
Real Name: Brandon
Location: Los Angeles, CA
Watch: Yes Please!
Posts: 6,691
10% discount isn't even that much and yes it's illegal. But I wouldn't be surprised that a lot of people take that offer.
__________________
Rolex GMT Master II 116710LN
Panerai PAM 359
Audemars Piguet RO 15300OR


Follow me on Instagram: @b_jakobovich
Lordofrolex is offline   Reply With Quote
Old 19 October 2015, 12:54 AM   #8
AF_Rob
"TRF" Member
 
AF_Rob's Avatar
 
Join Date: May 2012
Real Name: Rob
Location: Virginia
Watch: Sub/Polar/OP/BB
Posts: 4,671
He said a lot of people do this??? It sounds like a real pain in the ass, an expensive one.
AF_Rob is offline   Reply With Quote
Old 19 October 2015, 01:02 AM   #9
Axl
"TRF" Member
 
Join Date: Jun 2015
Location: London, UK
Posts: 120
Sounds dodgy. If you or your friends are travelling anyway then you could just buy the watch duty free at the airport. There's usually a decent selection at Heathrow.
Axl is offline   Reply With Quote
Old 19 October 2015, 01:02 AM   #10
Daytona4130
"TRF" Member
 
Daytona4130's Avatar
 
Join Date: Mar 2014
Real Name: Jack
Location: 'Murica
Watch: HBO:)
Posts: 1,363
I'd rather get shot in the knee than go through all that
Daytona4130 is offline   Reply With Quote
Old 19 October 2015, 02:13 AM   #11
Fleetlord
2024 Pledge Member
 
Fleetlord's Avatar
 
Join Date: May 2013
Location: Vain
Posts: 6,023
Just buy the Rolex and stop fooling around.
Fleetlord is offline   Reply With Quote
Old 19 October 2015, 02:17 AM   #12
RolexAuthority
Banned
 
Join Date: Aug 2015
Location: London
Posts: 1,233
Yes it's allowed not a problem at all but also allowed is imprisonment and a criminal record and confiscation and tax penalties and your rights being read to you.
RolexAuthority is offline   Reply With Quote
Old 19 October 2015, 02:26 AM   #13
mike
"TRF" Member
 
mike's Avatar
 
Join Date: Jul 2005
Posts: 22,683
Quote:
Originally Posted by Fleetlord View Post
Just buy the Rolex and stop fooling around.
Best answer.
mike is offline   Reply With Quote
Old 19 October 2015, 02:28 AM   #14
kirksingleton
"TRF" Member
 
Join Date: Sep 2015
Location: Seattle, WA
Posts: 1,759
Wow, not for me
kirksingleton is offline   Reply With Quote
Old 19 October 2015, 02:52 AM   #15
RayRay
"TRF" Member
 
Join Date: Sep 2015
Location: In the water
Posts: 204
Quote:
Originally Posted by bondtoys View Post
You're really asking if that's illegal?

Of course - it's called tax evasion and I am surprised that a Rolex Boutique would assist by that with those dogdy moves.....

Hope hat one day they offer such a kind of ' service ' to a tax officer....
OP, Bondtoys and others are correct. This is called tax evasion, it is illegal, and you can be held criminally liable. Moreover, insofar as you proceed with this action, you have demonstratable intent as evidenced by this message. It's not worth it brother, so like another has said, I recommend you stop messing around and just buy it from an AD, or order one through the classifieds here.

OP, one more thing: You felt this was nefarious, probably as this reckless imbecile employee was telling you all this. When you feel deep down that something isn't right, usually it is not. No worries man, just trust your gut on these things. Buy the watch clean and enjoy the fruits of your labor!
RayRay is offline   Reply With Quote
Old 19 October 2015, 02:56 AM   #16
FTX I
"TRF" Member
 
Join Date: Feb 2013
Real Name: Flavio
Location: N/A
Posts: 14,654
Next step would be advise you to rob a bank.
FTX I is offline   Reply With Quote
Old 19 October 2015, 03:18 AM   #17
Tools
TRF Moderator & 2024 SubLV41 Patron
 
Tools's Avatar
 
Join Date: May 2007
Real Name: Larry
Location: Mojave Desert
Watch: GMT's
Posts: 43,514
Quote:
Originally Posted by Busyboy View Post
). . .
The rolex agent said it was normal and lots of people do it. That's why they set up the courier service - for VIPs - so the papers etc are all done for them in customs - and so is no inconvenience - they just come and hand you the watch when it is processed

When you return to UK. It is just worn on your wrist as usual. No problem!

Clearly if it is actually illegal I wouldn't consider it. Nobody ever told me this before so I just want to check it out

Hope i explained it well enough. I guess I know (non UK) foreigners always claim UK tax back at airport. So the practice is normal... Like if I brought the watch for my friend perhaps I guess.... But what I'm not sure of is do you have to pay anything to legally get the watch ito into "!!??" I'm not sure!!!??

From that point on. I guess you just wear it back to EU same as any other item you own???
If the "courier service" was set up, it was set up for customers who are, indeed, leaving the country and reside elsewhere, not for the purpose of evading tax.

It becomes illegal for you (actually it was illegal when you used a friend as your accomplice to evade taxes) when you "just wear it on your wrist when you re-enter country". It is at that point that you, as a resident, owe the tax that was not initially paid as required.
__________________
(Chill ... It's just a watch Forum.....)
NAWCC Member
Tools is offline   Reply With Quote
Old 19 October 2015, 03:25 AM   #18
vipergts
"TRF" Member
 
Join Date: Nov 2014
Location: PA
Posts: 246
Quote:
Originally Posted by bondtoys View Post
You're really asking if that's illegal?

Of course - it's called tax evasion and I am surprised that a Rolex Boutique would assist by that with those dogdy moves.....

Hope hat one day they offer such a kind of ' service ' to a tax officer....
it's no worse than the government taking your money just because the say they can.
vipergts is offline   Reply With Quote
Old 19 October 2015, 03:47 AM   #19
Charlie3755
Banned
 
Join Date: Aug 2014
Real Name: Mark
Location: USA
Posts: 974
In the '90's I bought 3 watches from the same AD in Scotland. I am a UK passport holder and worked internationally in the Cruise industry. I paid VAT on each purchase. You had 3 months from date of purchase to leave the EU.

I would present the watch and boarding pass to HM Revenue and Customs counter at Heathrow or Gatwick. They would apply the correct stamp to confirm it was about to leave the EU. I would place the document in a pre-addressed envelope and pop it into the Red Pillar box next to the counter. The AD would refund the VAT to my cc as soon as the document arrived with them.

I don't know about having a friend do it for you as they would check that the invoice was made out to me.

One of the 3 watches was actually shipped to me in Monaco to coincide with the ships arrival. When we departed Spain for North Africa the Spain customs stamped the document for me. That was a week before my 3 months was up. VAT refunded as before.

Knowing what I know now, I wouldn't bother with an AD but would rather buy from a reputable dealer. Much better savings all around.


Sent from my iPhone using Tapatalk
Charlie3755 is offline   Reply With Quote
Old 19 October 2015, 04:00 AM   #20
Busyboy
"TRF" Member
 
Join Date: Oct 2015
Location: Uk
Posts: 1,069
I can't believe the shop assistant tried to convince me

I'm so glad I trusted my gut and checked this with you lot

I'm feeling so glad I didn't proceed and get the remorse or dread of realising afterwards

Definitely a path I will never tread

Thankyou all
Busyboy is offline   Reply With Quote
Old 19 October 2015, 04:04 AM   #21
beer
"TRF" Member
 
Join Date: May 2015
Location: Watch Dealer atm!
Watch: all
Posts: 2,800
there is a difference between not paying tax that is due, and taking steps to ensure no tax is due in the first place

the first is illegal, the second is called a loophole, is perfectly legal and and it is up to the government to close it
__________________
beer is offline   Reply With Quote
Old 19 October 2015, 07:08 AM   #22
DaytonaOriginal
"TRF" Member
 
Join Date: Sep 2015
Location: Netherlands
Posts: 129
Quote:
Originally Posted by AF_Rob View Post
He said a lot of people do this??? It sounds like a real pain in the ass, an expensive one.
He is right...in the Netherlands two AD are being investigated as we speak because they are accused of just doing that .

They were accused in April this year ......we are talking enormous amount of money here.

One of those ADs even suggested such an action to a collegue of mine a few weeks ago ...while this freaking investigation was on......can you believe that !!!
DaytonaOriginal is offline   Reply With Quote
Old 19 October 2015, 07:27 AM   #23
DPE
"TRF" Member
 
DPE's Avatar
 
Join Date: Oct 2014
Location: uk
Posts: 1,050
I was offered this as a way of getting money back as discount which is not allowed by Rolex. I justed switched off to the silly offer.
Makes you think how did Rolex get around the Monoply of price fixing and not allowing competative prices in the UK in fair competiton of business ??
DPE is offline   Reply With Quote
Old 19 October 2015, 08:45 AM   #24
kanderson1965
"TRF" Member
 
Join Date: Aug 2015
Real Name: Ken
Location: United Kingdom
Watch: with mother
Posts: 141
Quote:
Originally Posted by DPE View Post
I was offered this as a way of getting money back as discount which is not allowed by Rolex. I justed switched off to the silly offer.
Makes you think how did Rolex get around the Monoply of price fixing and not allowing competative prices in the UK in fair competiton of business ??
It is simple, they "suggest" a selling price by the AD; as it is a suggested price this is perfectly legal under UK consumer law. The fact that they will deny supply to ADs who sell for less than the suggested price is simply covered by a commercial supply contract which lies outside consumer legislation.
kanderson1965 is offline   Reply With Quote
Old 19 October 2015, 09:01 AM   #25
Ritch99
"TRF" Member
 
Ritch99's Avatar
 
Join Date: Nov 2014
Real Name: Mitch
Location: CONUS
Watch: DSSD and others
Posts: 1,186
Most people do the right thing because they're scared to get caught. They're thinking is still wrong. Because if they knew they could get away with it, they would probably do the wrong thing. Right is right and wrong is wrong....period.

When someone does the right thing because it is the right thing, there is no question.... There is no gray area. Its that simple.
Ritch99 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

My Watch LLC

WatchesOff5th

DavidSW Watches

Takuya Watches

OCWatches

Asset Appeal

Wrist Aficionado


*Banners Of The Month*
This space is provided to horological resources.





Copyright ©2004-2024, The Rolex Forums. All Rights Reserved.

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Rolex is a registered trademark of ROLEX USA. The Rolex Forums is not affiliated with ROLEX USA in any way.