General > General Technical Chat
BREXIT - what it means for small manufacturers
fcb:
Whatever you say about BREXIT. Boris promised to spend £350M a week extra on the NHS - that has certainly come true |O
And with this new variant of COVID (70% better! and made here in good ole Blighty) at least the EU has a genuine reason to brick up the chunnel.
bd139:
Well actually they cut all other services to keep spending under control.
fcb:
--- Quote from: bd139 on December 20, 2020, 01:37:09 pm ---Well actually they cut all other services to keep spending under control.
--- End quote ---
You didn't think I actually fact checked my post? :-DD
bd139:
:-DD
Perhaps you should have written it on the side of a large red bus :-DD
fcb:
https://www.legislation.gov.uk/eur/2015/2447/article/139/adopted
If you're in the EU (or UK before 1/1/2021):
When shipping by post, you declare the value of the goods and include any postage. Fair enough.
So at present, if I sell something to someone outside the EU for £35.00 and charge £5.00 postage I would declare £40.00 on the customs form (CN22).
So what happens from 1st January 2021?
In the past there have been cases of people charging a lower price for the goods and bumping up the shipping and then declaring only the lower goods price to try and scrape under some customs threshold. I've seen companies charge one price for whole item, and then split the invoice into two sections (software and hardware) and only declare the hardware. Are these practices going to return.
Also VAT.. At the moment we charge UK VAT to most EU customers (some customers submit their EU VAT/TVA number and then we zero rate the goods). We are expecting to zero rate all exported goods from 1/1/2021 unless we hear otherwise. Anyone else have an opinion?
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