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 Azreal13 wrote:


If there are other duties, fair enough, but that still doesn't explain the margin, especially when you factor it will be paid on the wholesale price.

You don't pay duties based on the wholesale price. You pay based on the retail price. The 5% is in addition to the 15%.

Goods and services tax (GST) of 15 percent is calculated on the sum of the following amounts:

The Customs value of the goods.
Any Customs duty, anti-dumping and countervailing duties, Health Promotion Agency levy or Heavy Engineering Research Association levy payable.
The freight and insurance costs incurred in transporting the goods to New Zealand.

Customs value is one of the following:

Identical or similar goods value – the transaction value of identical or similar goods sold for export to New Zealand.
Deductive value – the sale price of the goods in New Zealand adjusted for costs incurred after shipment.
Computed value – value based on cost of production, general expenses and profits in the country of origin relating to the imported goods.
Residual basis of valuation – value determined by Customs based on a flexible interpretation of one of the previous methods.

You can even see GW reference customs/duties here:
https://www.games-workshop.com/en-GB/Taxes-and-Charges?_requestid=2699703

Lo and behold - Australia's tax is charged upfront and their webstore price is AUS$170.

Secondly, £3.20 is equal to NZ$5.83 at current rates, so...

Yet the Big Mac is still set at NZ$6. McDonalds is not going to fluctuate pricing with the exchange rate. No smart business would.

So, let's to the math of the void generator.

Here - i'll even make it easy for you:
http://www.dutycalculator.com/ (note you can run this only once by IP before you need to subscribe)

For 10 void generators at NZ$2000 they would be charged $472, That's $47 per box. GW takes its remaining $153 back to the mainlaind, which brings that down to 88GBP. The average exchange rate from 1 year ago would have resulted in a return value of 69GBP. Now add shipping and insurance to that (economies of scale to be had there).

These are obviously not exact figures, but can we stop blaming GW for everything and acting like there are no market forces at play?

So GW are declaring the RRP at NZ$2000 per 10 rather than the 1093 they could actually declare based on current UK RRP at current exchange rates just so they can pay double the duty?

The GST you're getting excited about is their equivalent of VAT or other sales tax, and I'm sure can, and will, be reclaimed.

Logistics and duties are obviously a factor, but it doesn't justify a markup of almost 100% of the translated UK RRP, not when other products from the same company are sold at a lower differential, which remains the point and nothing you've posted disproves that.


Automatically Appended Next Post:
How does a knight sell for £95, and in NZ for the equivalent of £120, where's Kharn sells for £22, and the NZ equivalent £40?

How does one item require a 26% premium to cover the import costs, and another 81%?

It just doesn't make sense to put it all at the feet of imports costs.

Doesn't the UK price include VAT as well? So you have to subtract UK VAT before you add NZ GST.

Very true.

So, if GW is "forced" to sell stuff for double the price in NZ; how come miniatures from every other UK based company can be bought and sold there for roughly the same price as in the UK?

 Zywus wrote:
So, if GW is "forced" to sell stuff for double the price in NZ; how come miniatures from every other UK based company can be bought and sold there for roughly the same price as in the UK?

Maybe they have a build in currency exchange compensater. So they could sell the min always on a profit. Dont forget this was one of Kirbys biggest line: We sell the best miniatures in the market, for profit.

 Zywus wrote:
So, if GW is "forced" to sell stuff for double the price in NZ; how come miniatures from every other UK based company can be bought and sold there for roughly the same price as in the UK?

Exactly,

Just as a random comparison (no cherry picking.)

PP Hordes Argus

PP RRP = US$14.99
UK RRP = £11.75
NZ RRP = NZ$23.99

In sterling, that is
US £11.27
UK £11.75
NZ £13.14

Pretty much speaks for itself.

herjan1987 wrote:

 Zywus wrote:
So, if GW is "forced" to sell stuff for double the price in NZ; how come miniatures from every other UK based company can be bought and sold there for roughly the same price as in the UK?

Maybe they have a build in currency exchange compensater. So they could sell the min always on a profit. Dont forget this was one of Kirbys biggest line: We sell the best miniatures in the market, for profit.

I can assure you every other miniature company who sell stuff to NZ (and anywhere in the world) does it in order to make a profit a well.

 Azreal13 wrote:
So GW are declaring the RRP at NZ$2000 per 10 rather than the 1093 they could actually declare based on current UK RRP at current exchange rates just so they can pay double the duty?

The GST you're getting excited about is their equivalent of VAT or other sales tax, and I'm sure can, and will, be reclaimed.

New Zealand law assesses the value of GST based on the info I posted above and is referenced at the link below under Customs Value, which is essentially the sale price within the country.
http://www.customs.govt.nz/features/charges/feetypes/Pages/default.aspx?s=21

It is not reclaimed - see the investor report:

Taxation
The tax rate for the year was 20.4% (2015: 26.1%). We continue to expect a rate above that for business activities based solely in the UK, due to higher overseas tax rates

How does a knight sell for £95, and in NZ for the equivalent of £120, where's Kharn sells for £22, and the NZ equivalent £40?

How does one item require a 26% premium to cover the import costs, and another 81%? It just doesn't make sense to put it all at the feet of imports costs.

Because we don't know all the actual factors at play.

But let's play Occam's Razor for a moment:

Either A) GW has decided that the void generator should randomly just be more for the fun of it or B) some factor of availability or taxes is at fault. Either way a large portion of cost increase in NZ is attributable to taxation.

Daedalus81 wrote:

 Azreal13 wrote:
So GW are declaring the RRP at NZ$2000 per 10 rather than the 1093 they could actually declare based on current UK RRP at current exchange rates just so they can pay double the duty?

The GST you're getting excited about is their equivalent of VAT or other sales tax, and I'm sure can, and will, be reclaimed.

New Zealand law assesses the value of GST based on the info I posted above and is referenced at the link below under Customs Value, which is essentially the sale price within the country.
http://www.customs.govt.nz/features/charges/feetypes/Pages/default.aspx?s=21

Which still doesn't explain why, prior to the applications of import duties etc, that the price has already been inflated. Plus you've included GST in the numbers to calculate GST.

It is not reclaimed - see the investor report:

Taxation
The tax rate for the year was 20.4% (2015: 26.1%). We continue to expect a rate above that for business activities based solely in the UK, due to higher overseas tax rates

That's referring to tax on profits, import/export costs have already been accounted for at that point.

How does a knight sell for £95, and in NZ for the equivalent of £120, where's Kharn sells for £22, and the NZ equivalent £40?

How does one item require a 26% premium to cover the import costs, and another 81%? It just doesn't make sense to put it all at the feet of imports costs.

Because we don't know all the actual factors at play.

But let's play Occam's Razor for a moment:

Either A) GW has decided that the void generator should randomly just be more for the fun of it or B) some factor of availability or taxes is at fault. Either way a large portion of cost increase in NZ is attributable to taxation.

Evidently you feel enough of the factors are known to argue with me when I'm saying that import/export costs don't justify the price difference. But clearly not enough to address the point that other companies are happily pricing their NZ product much more closely to the ROW pricing, nor to account for a narrative where a company tries to shut down trade from other parts of the world where their product is so much cheaper it is more economic for NZ residents to pay S+H (and presumably any applicable duty) and still be better off.

GW imports to NZ from OZ, not the UK. GW also is a British company so doesn't pay a lot of local Corp. taxes, and can avoid/writeoff many others.
You don't pay VAT on exports and GST is cheaper than VAT.

The main factors for increased mark ups are the shipping costs and the fact that NZ is a small, niche market. This does not explain why we have to pay such a massive mark up and as Azreal noted very few other companies feel the need to price in this manner (the only other one I am aware of is Alumilite)

Also, let's bring this over from the original discussion..

 streetsamurai wrote:

Daedalus81 wrote:

 streetsamurai wrote:

 Azreal13 wrote:


The import duty into New Zealand on toys (including scale models) is 5%.

The mark up over UK is almost 100%.

Unless they're flying them out in hand luggage, it's difficult to justify based on import costs.

Once again. Well said. Must point out that his argument is even less solid when you consider that GW already sells comparable product to Kharn at about half the price in NZ. But then, this is the internet. Youll always find a few persons trying to defend the indefensible

No sir - there is a 15% goods and services tax:

http://www.customs.govt.nz/features/charges/feetypes/Pages/default.aspx

A big mac in the UK is 3.2 sterling and 6 nzd. If a big mac is almost double and it's food with one of the biggest, most efficient distributors what hope do you think GW will have being less than double?

I'm not sure I understand your argument, since it seems to prove the exact opposite of what you are saying. 3.2 pounds is 5,83 NZD according to the current rate, so the difference is negligible (They big mac (6 nzd) is more expensive in NZ by about 3% compared to the UK). Kharn, on the other side, is 22 pounds (which by the current rate is 40,10 NZD) and they sell him for 75 nzd. So they overcharge by a whooping 87%. As you surely realise, there is a hell of a difference between 3% and 87%.

Amd we are talking about a miniature that is already way overpriced even in the UK (a few years ago, these clam pack characters were not even 10 pounds, and no, inflation was not nearly high enough to account for the difference)

Does this mean all of our bigmacs are actually imported in bulk from the UK (well it wouldn't change the flavour or texture much)? I was not aware of that. Or is that just a case of a really bad argument?
Seriously mate what on earth are you arguing for? GW retail pricing for the ROW, OZ, NZ and Canada especially has very little to do with taxes, import fees dues or anything similar.

I think what he's trying to say is that GW hire based on attitude, not knowledge and experience, so there's every chance that the people in charge of distribution and pricing know about as much about distribution and pricing as their former head of IP knew about IP, so while our prices should be higher, they just end up pants on head stupid.

I used to have a mate who worked at GWAU head office. I found out then that the way it works (or worked then) was that GWUK sells product to GWAU. A product that would sell for AU$30 would be sold by GWUK to GWAU for about AU$3. Their import duties/taxes were paid based on the amount that GWAU paid GWUK for the products - not on RRP. I did see one of the import invoices once. While this was many years ago, I don't see why it would change.

Caveats:
* This was around 18 years ago.
* I'm some random guy on the internet that most of you don't know. But then, I'm not following this thread nor do I much care who does or does not choose to believe me.

Daedalus81 wrote:

 Azreal13 wrote:
So GW are declaring the RRP at NZ$2000 per 10 rather than the 1093 they could actually declare based on current UK RRP at current exchange rates just so they can pay double the duty?

The GST you're getting excited about is their equivalent of VAT or other sales tax, and I'm sure can, and will, be reclaimed.

New Zealand law assesses the value of GST based on the info I posted above and is referenced at the link below under Customs Value, which is essentially the sale price within the country.
http://www.customs.govt.nz/features/charges/feetypes/Pages/default.aspx?s=21

It is not reclaimed - see the investor report:

Does VAT even need to be "reclaimed", isn't it a point of sale tax, the same as GST is over here and in NZ? As in, they don't pay VAT for making the product and shipping it to NZ, they pay it on actual sales made within the UK?

I can't remember what VAT % is, but I thought it was more than GST in Oz and NZ such that it would mostly cancel out once you included the extra import tariffs.

I believe VAT is 20% by default in the UK, so definitely higher than GST.

Daedalus81 wrote:
we don't know all the actual factors at play.
ry But let's play Occam's Razor for a moment:

Either A) GW has decided that the void generator should randomly just be more for the fun of it or B) some factor of availability or taxes is at fault. Either way a large portion of cost increase in NZ is attributable to taxation.

Since you bring up Occams's Razor, let me revisit one of my own posts the original thread:


What is more plausible?:
A) GW does overcharge NZ and AUS simply because they think they can get away with it (otherwise put "for the fun of it")
B) Every other models from UK based companies are sold to NZ/AUS at a loss (!) because they would need to sell it at double the cost to cover taxes and duties

These unknown factors that you presume exist. Do they somehow apply only to GW?


*And for that matter; if some GW models need to be increased to double the price, does that mean GW sell everything else in NZ/AUS (like regular marine boxes) for no profit, or at a loss?

So. Taurox UK price £29, nz price $65. Goliath UK price £35, nz price $115! What? Whatever the charges and tariffs, this kind of inconsistency in pricing is crazy.

There's no inconsistency in the tariffs, at least, which is what made that argument so daft in the first place, they were last updated in 2012 (I think.)

The big thing is, of course, the substantial drop in the value of sterling between the two releases.

It's still ridiculous, as companies that export generally revel in a weak native currency as it boosts their international sales, but that's the most likely single event, even if it doesn't explain the whole differential. I guess GW are chasing the same value of sale from a release, in sterling, rather than going after increased volume via a relative price drop.

 Azazelx wrote:
I used to have a mate who worked at GWAU head office. I found out then that the way it works (or worked then) was that GWUK sells product to GWAU. A product that would sell for AU$30 would be sold by GWUK to GWAU for about AU$3. Their import duties/taxes were paid based on the amount that GWAU paid GWUK for the products - not on RRP. I did see one of the import invoices once. While this was many years ago, I don't see why it would change.

Caveats:
* This was around 18 years ago.
* I'm some random guy on the internet that most of you don't know. But then, I'm not following this thread nor do I much care who does or does not choose to believe me.

This is exactly how it works.