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| BREXIT - what it means for small manufacturers |
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| Monkeh:
--- Quote from: fcb on January 04, 2021, 04:47:13 pm ---Any examples of countries making you register for VAT/purchase tax before you can sell to them. Bueller? Bueller? Bueller?... --- End quote --- The entire EU as of July 1st, 2021. We're just copying them and rushing it out early for further foot-shooting. Because, you see, we're a sovereign country and can make our own laws. |
| coppice:
--- Quote from: Monkeh on January 04, 2021, 05:54:25 pm ---Because, you see, we're a sovereign country and can make our own laws. --- End quote --- Now we are sovereign again, can we get the guinea back too? :) guinea pig: someone who fleeces people for an extra five percent when they don't notice the price is in guineas and not pounds. |
| fcb:
--- Quote from: bd139 on January 04, 2021, 05:36:37 pm ---Yeah that was well known for anyone who did any research for at least 2 years. This never made it into the press because it wasn't on the agenda. --- End quote --- I was aware that the VAT import threshold in the EU was going to drop to zero on 1st July 2021 - weirdly it didn't cross my mind that we'd implement same and do it on 1st Jan 2021. This is quite informative: https://www.bishopfleming.co.uk/insights/brexit-guides-b2c-supplies-customers-eu-after-1-january-2021 |
| MadScientist:
The EU also intended to drop the vat deminimis on the 1st Jan , it delayed this due to COVID The idea of dropping the deminimis was to “ encourage “ suppliers to charge VAT at source and collect for the destination country. The idea being that this avoids a customs collection charge and hence suppliers will see the benefit in “ extra judicial” tax collection Remember the uk essentially transferred all the EU laws into domestic law in one swop, you now have a little EU all to yourselves |
| fcb:
RULES OF ORIGIN |O https://www.bbc.co.uk/news/business-55576571 https://www.gov.uk/guidance/check-your-goods-meet-the-rules-of-origin This'll be fun. Our products (made in the UK from parts from allover the world) undoubtedly meets the ad-valorem ("value added") rules. However we also sell C20/C19 cables with our CPA100 power analysers, some of these are made in China and we don't process these further, so won't meet the ad-valorem rules unless they are supplied as part of the whole package?? Probably? Maybe? Can we sell these as spares? What about existing stock? Who knows? |
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