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No problem. Yep, they just decide what they think it's worth because they know it's probably marked incorrectly.
Emyr's correct to point out my example doesn't take into account import duty. I'm not sure what the threshold is before you start paying it, but you probably will pay is on a pair of wheels. Think I payed it when importing some new DA track hubs a few years ago, but it wasn't much - maybe a quarter of the VAT value.
Just did a quick calc on Dutycalculator.com, which seemed handy for a ballpark figure/worst case scenario of what you might pay (excl. PF handing fee). Maybe try that, then hope to be pleasantly surprised when PF/HMRC ask for less than you were expecting to pay when it arrives :-)
Lukas
Thanks for the explanation!
Don't they ask for the receipt or that kind for exactly that case?
I'll prepare for the worst of 290€ and hope for the best, I guess.