Moderators: richierich, ua900, PanAm_DC10, hOMSaR
olle wrote:-
British businesses that export to the continent are being encouraged by government trade advisers to set up separate companies inside the EU in order to get around extra charges, paperwork and taxes resulting from Brexit, the Observer can reveal.
In an extraordinary twist to the Brexit saga, UK small businesses are being told by advisers working for the Department for International Trade (DIT) that the best way to circumvent border issues and VAT problems that have been piling up since 1 January is to register new firms within the EU single market, from where they can distribute their goods far more freely.
https://www.theguardian.com/politics/20 ... shop-in-eu
olle wrote:In an extraordinary twist to the Brexit saga, UK small businesses are being told by advisers working for the Department for International Trade (DIT) that the best way to circumvent border issues and VAT problems that have been piling up since 1 January is to register new firms within the EU single market, from where they can distribute their goods far more freely.
https://www.theguardian.com/politics/20 ... shop-in-eu
scbriml wrote:olle wrote:In an extraordinary twist to the Brexit saga, UK small businesses are being told by advisers working for the Department for International Trade (DIT) that the best way to circumvent border issues and VAT problems that have been piling up since 1 January is to register new firms within the EU single market, from where they can distribute their goods far more freely.
https://www.theguardian.com/politics/20 ... shop-in-eu
I'm struggling a little bit to understand how this helps small businesses - if I manufacture widgets in the UK that I export to the EU, I don't see how having a distribution centre in, say, Belgium, helps as I still have to export my widgets to the distribution centre. Or is the suggestion that I setup a second manufacturing plant inside the EU?
#takingbackcontrol #somuchwinning
scbriml wrote:olle wrote:In an extraordinary twist to the Brexit saga, UK small businesses are being told by advisers working for the Department for International Trade (DIT) that the best way to circumvent border issues and VAT problems that have been piling up since 1 January is to register new firms within the EU single market, from where they can distribute their goods far more freely.
https://www.theguardian.com/politics/20 ... shop-in-eu
I'm struggling a little bit to understand how this helps small businesses - if I manufacture widgets in the UK that I export to the EU, I don't see how having a distribution centre in, say, Belgium, helps as I still have to export my widgets to the distribution centre. Or is the suggestion that I setup a second manufacturing plant inside the EU?
#takingbackcontrol #somuchwinning
scbriml wrote:olle wrote:In an extraordinary twist to the Brexit saga, UK small businesses are being told by advisers working for the Department for International Trade (DIT) that the best way to circumvent border issues and VAT problems that have been piling up since 1 January is to register new firms within the EU single market, from where they can distribute their goods far more freely.
https://www.theguardian.com/politics/20 ... shop-in-eu
I'm struggling a little bit to understand how this helps small businesses - if I manufacture widgets in the UK that I export to the EU, I don't see how having a distribution centre in, say, Belgium, helps as I still have to export my widgets to the distribution centre. Or is the suggestion that I setup a second manufacturing plant inside the EU?
#takingbackcontrol #somuchwinning
There is more red tape.
The fishermen are worse off.
There is no frictionless trade.
There is a border in the Irish Sea.
America is not coming to the rescue.
And the Vote Leave government is now delivering the worst Covid death rate & one of the deepest recessions in the world.
Olddog wrote:Wow things are becoming interesting again.....
MEPs vote to add Channel and British Virgin Islands to tax haven blacklistUK overseas territories such as Cayman Islands also may lose protection once afforded by UK’s EU membership
The European parliament is pushing for UK overseas territories including the British Virgin Islands, Guernsey and Jersey to be added to an EU tax havens blacklist after the conclusion of the Brexit deal.
sabenapilot wrote:Some good needs about Brexit too:
Upon request by the European Parliament, the European Commission will start to explore ways for Scotland to rejoin the Erasmus student exchange programme.
EU Commission President U. von der Leyen said she's exploring ways for bilateral talks on an arrangement between the EU commission and the Scottish Government directly on this, thus going over the heads of the British government.
Grizzly410 wrote:He has a book planned for April about the brexit negotiations !!
zkojq wrote:Something that is puzzling me. A few days ago, Nissan announced that it's Sunderland plant wouldn't close imminently - something which Brexiteers claimed as a Brexit Victory (odd since that assumes that the default position is for Brexit to cause the factory to close) and the CEO said that Brexit was a "positive" and gave Nissan a "competitive edge". Anyone here know what he's talking about? I'm genuinely curious.
Not a rosy picture for the UK right now.There is more red tape.
The fishermen are worse off.
There is no frictionless trade.
There is a border in the Irish Sea.
America is not coming to the rescue.
And the Vote Leave government is now delivering the worst Covid death rate & one of the deepest recessions in the world.
https://twitter.com/mrjamesob/status/13 ... 7375850498Olddog wrote:Wow things are becoming interesting again.....
MEPs vote to add Channel and British Virgin Islands to tax haven blacklistUK overseas territories such as Cayman Islands also may lose protection once afforded by UK’s EU membership
The European parliament is pushing for UK overseas territories including the British Virgin Islands, Guernsey and Jersey to be added to an EU tax havens blacklist after the conclusion of the Brexit deal.
Good. This is why - as a European citizen - I am pleased that the UK is out of the EU. This is a step in the right direction. Obviously the next steps are harder as they require "standards" to be raised in EU Tax Havens like Luxembourg, Netherlands and Malta.sabenapilot wrote:Some good needs about Brexit too:
Upon request by the European Parliament, the European Commission will start to explore ways for Scotland to rejoin the Erasmus student exchange programme.
EU Commission President U. von der Leyen said she's exploring ways for bilateral talks on an arrangement between the EU commission and the Scottish Government directly on this, thus going over the heads of the British government.
Excellent news.Grizzly410 wrote:He has a book planned for April about the brexit negotiations !!
Oooh that's going to be juicy - will definitely get it when it releases.
zkojq wrote:Something that is puzzling me. A few days ago, Nissan announced that it's Sunderland plant wouldn't close imminently - something which Brexiteers claimed as a Brexit Victory (odd since that assumes that the default position is for Brexit to cause the factory to close) and the CEO said that Brexit was a "positive" and gave Nissan a "competitive edge". Anyone here know what he's talking about? I'm genuinely curious.
scbriml wrote:olle wrote:In an extraordinary twist to the Brexit saga, UK small businesses are being told by advisers working for the Department for International Trade (DIT) that the best way to circumvent border issues and VAT problems that have been piling up since 1 January is to register new firms within the EU single market, from where they can distribute their goods far more freely.
https://www.theguardian.com/politics/20 ... shop-in-eu
I'm struggling a little bit to understand how this helps small businesses - if I manufacture widgets in the UK that I export to the EU, I don't see how having a distribution centre in, say, Belgium, helps as I still have to export my widgets to the distribution centre. Or is the suggestion that I setup a second manufacturing plant inside the EU?
#takingbackcontrol #somuchwinning
sabenapilot wrote:scbriml wrote:olle wrote:In an extraordinary twist to the Brexit saga, UK small businesses are being told by advisers working for the Department for International Trade (DIT) that the best way to circumvent border issues and VAT problems that have been piling up since 1 January is to register new firms within the EU single market, from where they can distribute their goods far more freely.
https://www.theguardian.com/politics/20 ... shop-in-eu
I'm struggling a little bit to understand how this helps small businesses - if I manufacture widgets in the UK that I export to the EU, I don't see how having a distribution centre in, say, Belgium, helps as I still have to export my widgets to the distribution centre. Or is the suggestion that I setup a second manufacturing plant inside the EU?
#takingbackcontrol #somuchwinning
As has meanwhile been explained, the (relative) benefit is either:
1: for British exports manufactured in the UK,
a British manufacturer only needs 1 single big shipment to his EU distribution centre, rather than many individual shipments to EU consumers directly which each need their expensive documentation. Obviously this is cheaper and less labour intensive for the back office in the UK, yet it also means job losses in the UK to the benefit of jobs in the EU where the individual shipments are then packed and sent off from to the individual consumers. UK distribution centres are basically finished off, other than for local (UK only shipments). Bye Bye Britain as a logistic hub for Europe.
2: for British export initially manufactured in the EU:
a British seller avoids bringing them to the UK in the first place, thus bypassing the UK as his business hub completely even!
In both cases, it's leading to UK exporting companies avoiding their own country as much as they can, as soon as they can as their business platform of choice...
I let you guess what that does to the British GDB, as the British employment figures...
Aesma wrote:About Nissan I don't really know, keep in mind it's in an alliance with Renault, Nissan cars/SUV can be made in Renault plants and vice-versa if/when needed.
I guess they benefit from the last minute deal about batteries, that allow them to continue to import them for a few years.
There is also the rumored huge sums May gave them to stay.
Aesma wrote:I'm looking at opening a company to do some specific operations a bit easier than in my country. Not to avoid tax, I would still pay taxes here, but to avoid too much scrutiny (basically for small operations like me, having to do tons of paperwork is unsustainable). It's funny how pretty soon all the things you find on Google are these islands...
olle : regarding paperwork no deal would be the same, or in some cases there would even be less paperwork (no need to prove origin of goods as that wouldn't change anything), however instead there would be the EU's WTO tarrifs.
seahawk wrote:That is because they never understood the difference between tax and tariff. Tariff free does not mean a person from country A can freely order goods in country B, it only means he does not have to pay a tariff when the goods enter country A. The single market meant that you (as a private customer) could easily order goods in country B and VAT and so on would be paid in country B and then the goods would be sent to you without any control when entering country A.
noviorbis77 wrote:
President Macron was speaking in January 2018 when he made the claim
tommy1808 wrote:dang, editors at the Express seem to get pretty desperate.
Reinhardt wrote:They are now firming blaming Germany for Brexit.
Mastercard to increase fees for UK purchases from EU
Departure from single market spells end for Brussels-mandated cap on transaction levies
Mastercard will increase fees more than fivefold when a British shopper uses a debit or credit card to buy from an EU-based company, sparking alarm among companies that rely on online payments and concern among MPs over higher consumer prices. Mastercard and Visa levy an “interchange” fee on behalf of banks for every debit or credit card payment that uses their networks. The EU introduced a cap in 2015 after concerns the hidden fees were leading to hundreds of millions of euros in costs for companies and higher prices for consumers.
But Mastercard has told merchants that the cap no longer applies to some transactions post-Brexit, because payments between the UK and European Economic Area are now deemed “inter-regional”. From October 15, Mastercard will charge 1.5 per cent of the transaction value for every online credit card payment from the UK to the EU, up from 0.3 per cent at the moment. For debit card payments, the fee will jump from 0.2 per cent to 1.15 per cent. The increase will benefit British banks and other card issuers, rather than Mastercard itself.
JJJ wrote:zkojq wrote:Something that is puzzling me. A few days ago, Nissan announced that it's Sunderland plant wouldn't close imminently - something which Brexiteers claimed as a Brexit Victory (odd since that assumes that the default position is for Brexit to cause the factory to close) and the CEO said that Brexit was a "positive" and gave Nissan a "competitive edge". Anyone here know what he's talking about? I'm genuinely curious.
Basically that they used to buy batteries for the Leaf electric car in the US.
In order to comply with rules of origin new regulations they have to bring battery manufacturing to the UK in house.
So basically they're forced to bring a process in house for a process they had to outsource before, in business speak that has to be spun a certain way.
GDB wrote:Worth noting however that May's government bunged Nissan some £61M in taxpayers money in 2018, (from a PM who accused the Opposition of having a 'magic money tree').
sabenapilot wrote:The HMRC estimates that Brexit demands that British companies complete 215m additional, often highly complex, documents a year. The cost of that alone on British businesses is thought to be around £7bn a year.
olle wrote:What do A101 and the other brexiteers actually think about what happens now after 3 weeks?
olle wrote:If Sovereign was so important why is Scotland and NI not allowed to take the same decision? Brexiteers "NEVER" to a sovereign Scotland or at least moving this to 2055 seems strange or even un strategic while it seems that 70% othe younger generation wants a "Sexit" from UK. So the Brexit government seems to play straight into the hands of SNP.
noviorbis77 wrote:
tommy1808 wrote:noviorbis77 wrote:President Macron was speaking in January 2018 when he made the claim
dang, editors at the Express seem to get pretty desperate.
Aesma wrote:The Express is really scraping the bottom of the barrel.
They can't even be consistent, moaning that Macron is blocking further EU enlargement : https://www.express.co.uk/news/world/13 ... c.outbrain
As for the Frexit thing, the party did something like 0.5% at elections last year, Macron is very worried indeed ! The people mentioned in the article I know because I'm following UK politics and they're sometimes invited on right-wing radio/youtube channels, these people are total nobodies in France.
zkojq wrote:Something that is puzzling me. A few days ago, Nissan announced that it's Sunderland plant wouldn't close imminently - something which Brexiteers claimed as a Brexit Victory (odd since that assumes that the default position is for Brexit to cause the factory to close) and the CEO said that Brexit was a "positive" and gave Nissan a "competitive edge". Anyone here know what he's talking about? I'm genuinely curious.
zkojq wrote:I guess this is fairly bad news for people who think that their mobile company won't do the same for International Roaming charges:Mastercard to increase fees for UK purchases from EU
Departure from single market spells end for Brussels-mandated cap on transaction levies
sabenapilot wrote:Sure must be hard for the editors of the Express these days!
Brexit is done so there's no more rallying the troops to be done by them all while the UK is finding out as time passes by that it has indeed lost the battle with Brussels so there are no great gains or successes to report either, only losses and setbacks (so it's far better to remain quiet about it as they explicitly do, don't they?).
GDB wrote:The two worst presenters on a Murdoch owned Talk radio channel are fat old Gammons, easily triggered by anything beyond their ultra Brexit, with their own often overtly racist views.
SomebodyInTLS wrote:The way I think it should be interpreted it is that Brexit has given Nissan a competitive edge *VERSUS OTHER BRITISH CAR MANUFACTURERS* since the future is all-electric and they have bought a company manufacturing batteries based next door to their Sunderland plant. Brexit makes importing batteries then selling cars with those batteries built in much more expensive *FOR THE OTHER BRITISH CAR MANUFACTURERS*, while Nissan cars will have all major components following the same rule of origin.
ltbewr wrote:I wonder how the insurance and reinsurance business will be affected by Brexit ? It is huge business in the UK, in particular in London and Bermuda.
noviorbis77 wrote: