maybe, who knows?! I've had stuff marked as toys and with the gift box ticked get charged and I've had stuff marked up correctly get through without so much as a look from customs.
anything from the far east is a gamble with customs.
The end result though is that you should EXPECT to pay 20% VAT and a £13 handling charge from parcel farce, VAT is inclusive of shipping, so it'll be on the full £52. But, it'll be worked out based on the exchange rate on the day that it's received by customs, so it could end up being more than the £52 you're expecting.