Tuesday, 9 March 2010

Duty Free Goods - Are You Making The Most Of Them?

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Do you travel abroad for business or pleasure? If you do you can easily make a little money from tax exclusions that apply to goods you can bring back. It will not make you rich but certainly can help supplement cost of the travel or be tucked away for other expenses..

Let me tell you firstly that I know many people who go abroad and dot' take up the opportunity that lies before them simply because they don't look at the broader aspect of making money. How many people do you know who don't smoke therefore don't buy duty free tobacco? How many don't drink and don't buy duty free alcoholic drink. Think again, how many men go abroad and come back without any duty free perfume? I know many who think this way and lose out on profit making.

To make the most of this you should think about getting orders from friends and family before you travel. It is so much easier knowing that the duty free goods you bring back are already sold! Let me enlighten yo on how much can legally be brought back form EU countries to the UK.

3200 cigarettes 
200 cigars
3 kg of smoking tobacco
110 litres of beer
10 litres of spirits
90 litres of wine
20 litres of fortified wine e.g. port or sherry
From Estonia - 200 cigarettes or 250g of smoking tobacco
From Bulgaria, Hungary, Latvia, Lithuania, Poland, Romania and Slovakia - 200 cigarettes

Let me tell you that I bought 200 cigarettes from Bulgaria to the UK. Each packet cost me around £1. I don't smoke and sold each packet of 20 for £3 in the UK. I made £20 on the deal and this actually paid 30% of the air flight! You may think this is illegal, but come on, who is going to take you to prison for selling 200 cigarettes to friends and family. If I took my partner we would have made £40!

Quality liquor and perfumes are always in demand at below shop prices and even with your profit you will have a market it you ask around.

So if you are on holiday soon, think about the money you can make on duty free goods that you can legally import. Too many don't

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