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Looks like 4.7% + 20% VAT ..
https://www.gov.uk/trade-tariff/commodities/8714911033#overview
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They certainly used to make a break-away road bike. One sold on ebay lately for not too much money.
I'd personally like to keep my options open on such a bike and have the ability to fit big tyres and go off-piste when travelling in exchange for a slight hit on on-road handling.
on road?
What are the customs charges on top of 20% VAT for bike stuff?