davidc wrote:As an interesting aside, if anyone fancied a photography trip to Singapore, the prices for camera equipment here are, on average, about 2/3 that of the UK and to some extent you can negotiate even better prices. The Sigma 50mm Art lens is 850-900 GBP for instance but over here it's $1000 which is just about 500GBP - cheaper even than hong kong!
So if you want to come photograph the city the could end up saving money in the long haul

Thanks, Dave. It certainly puts an interesting perspective on how much we are paying for gear in the UK. One of the reasons that prices are higher here is due to import duty and VAT. Lenses attract import duty of 6.7% and VAT at 20% is added on top of that. These taxes are not applied just to the cost of the lens, but any delivery and insurance costs as well if a third party is involved in the transportation of the goods. The position with cameras is slightly better as only VAT is levied, but not import duty for reasons which escape me.
Taking the example of a £500 Sigma 50 Art lens, import duty would be £33-50, making a total of £533-50 on which VAT of £106-70 would be applied bringing the overall cost to £640-20. According to Camera Price Buster, the best UK price for the Sigma 50 art lens is currently £695, so while there is a saving, it is not as great as first appears. This assumes that anyone bringing camera equipment into the UK declares it at Customs on arrival. There is an obvious incentive not to do so, but anyone caught bringing undeclared goods into the country might be subject to additional sanctions which can include confiscation and/or criminal prosecution.
So will Dave be subject to taxes on his stash of gear bought in Singapore on his eventual return to live in the UK? No, as he his permanent address has been outside of the UK as opposed to taking a vacation and he has been using the equipment while living in Singapore. That remains the case even if he returns here on holiday as he is not a UK resident, so the same rules apply as for anyone else who is visiting the country and taking their camera gear with them when they leave.
One thing which I have not considered here is warranty. If anything has to be returned to where it was purchased for repair, any savings made could easily be negated.