Is it not similar to getting a watch from Creation etc?
Presume liable for VAT, no Customs duty given the value but I wouldn't be surprised if there is a handling fee (for the Christmas party no doubt).
https://www.gov.uk/goods-sent-from-abroad/tax-and-duty
Customs Duty
You’ll be charged Customs Duty on gifts and other goods sent from outside the EU if they’re above a certain value.
The value includes:
- the price paid for the goods
- postage, packaging and insurance
Type and value of goods Customs Duty
Anything under £135 No charge
Gifts worth £135-£630 2.5%, but rates are lower for some goods - call the helpline
Gifts above £630 and other goods above £135 The rate depends on the type of goods and where they came from - call the helpline