the uk should leave the eu just because of the result of the vote but its such a shitty idea therre should be a second vote now its more clear whats g

silverdale

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Again, it's all speculation as the full details of the proposed deal have yet to be finalised.
People who voted to remain as clutching at straws. Corbyn should use this, he'd p*ss it
 

bamber

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Please refer to the Government briefing for more information. Currently an EU seller charges VAT at the rate prevailing in that country, the buyer claims it back in the normal manner. The rules will obviously change on exit but the most likely scenario is VAT will be charged on UK entry. Yes, there's a fee if you use an agent but it's cost-effective unless your imports/exports rise above a level where doing the documentation yourself is better. There is no reason at all why costs should rise more than a nominal amount because the resource required is much the same. Only tariffs might vary that and, since we don't know what they would be, speculation is pointless.
You really seem to be clutching at straws in claiming that there will be no extra costs and you are wrong about the VAT rules. The system you describe is what would happen in a true single market, but the EU version has always been a bit of a fudge, as governments could not stomach the idea of repaying VAT collected by another country. Instead, there is something called a "reverse charge" which works like this:

1. The seller does not charge VAT on a sale of goods to a VAT-registered purchaser in another EU country.
2. The purchaser calculates VAT on the goods at their own country's rate and includes it on their VAT return (box 2) where it is added to the VAT on domestic sales.
3. The purchaser can then usually include the same figure of VAT in the amount reclaimed on domestic purchases in box 4 of the VAT return.

(I know that steps 2 and 3 appear pointless, as the two VAT amounts cancel each other out, but there are some businesses which cannot reclaim all of the VAT on their purchases, so the amount reclaimed in box 4 would then be less than the amount declared in box 2)

The final part of the rules is that a sale to someone in another EU country who is not VAT-registered (typically a private individual) is liable to VAT at the rate in the seller's country which, of course, the purchaser cannot reclaim.

After Brexit, we have to assume that trade with the EU will be treated the same as trade with the rest of the world and there will be no distinction between business-to-business sales and other sales: exporters will not charge VAT but importers will have to pay VAT and any applicable tariffs when the goods enter their country.
 

silverdale

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After Brexit there will be a sharp learning curve for all and sellers and buyers will find work around.
Me?, that's not why I voted or backstop I voted for the UK to start self governing again,
Borders tightened,
Save us £11 billion a year,
And put it back into the UK not into fookin Greece and the likes.
I think the MP's have forgot this. They seem to be arguing about trade and the fookin "what-if" monster some are sh,t scared of.
Who the fook will give up trade because the EU spat their dummies out ?. Companies will work around it and in super quick time or other countries will be leaving asap.
Lets just get the fook out, show others the way and split up the dinosaur called the EU.

And for those who dont know an EU MP gets paid £210,000 after they leave if they dont take another post. Theg also voted not to disclose their expenses.

You tell me, total utter p1ss take :-
What are the perks of being an MEP? Euronews Answers
 

bamber

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Read the Euronews article again, Silverdale. The 210,000 is euros, not sterling and is the maximum payment, which requires 24 years' service. A minimum 1 year's service is required to get any payment, which is 8,757.70 euros for each year. Most of our MEPs will have served less than a year if we leave, so will get nothing.
 

Him Her

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You really seem to be clutching at straws in claiming that there will be no extra costs and you are wrong about the VAT rules. The system you describe is what would happen in a true single market, but the EU version has always been a bit of a fudge, as governments could not stomach the idea of repaying VAT collected by another country. Instead, there is something called a "reverse charge" which works like this:

1. The seller does not charge VAT on a sale of goods to a VAT-registered purchaser in another EU country.
2. The purchaser calculates VAT on the goods at their own country's rate and includes it on their VAT return (box 2) where it is added to the VAT on domestic sales.
3. The purchaser can then usually include the same figure of VAT in the amount reclaimed on domestic purchases in box 4 of the VAT return.

(I know that steps 2 and 3 appear pointless, as the two VAT amounts cancel each other out, but there are some businesses which cannot reclaim all of the VAT on their purchases, so the amount reclaimed in box 4 would then be less than the amount declared in box 2)

The final part of the rules is that a sale to someone in another EU country who is not VAT-registered (typically a private individual) is liable to VAT at the rate in the seller's country which, of course, the purchaser cannot reclaim.

After Brexit, we have to assume that trade with the EU will be treated the same as trade with the rest of the world and there will be no distinction between business-to-business sales and other sales: exporters will not charge VAT but importers will have to pay VAT and any applicable tariffs when the goods enter their country.
Most people I know who import/export are not anticipating more than a nominal increase in costs unless tariffs change significantly. They all use freight-forwarders or agents of the supplier etc. Exceptions are large enough to justify bringing it in-house. We'll soon find out how it will work in the future though!
 

silverdale

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Read the Euronews article again, Silverdale. The 210,000 is euros, not sterling and is the maximum payment, which requires 24 years' service. A minimum 1 year's service is required to get any payment, which is 8,757.70 euros for each year. Most of our MEPs will have served less than a year if we leave, so will get nothing.
Bar 2
Read the Euronews article again, Silverdale. The 210,000 is euros, not sterling and is the maximum payment, which requires 24 years' service. A minimum 1 year's service is required to get any payment, which is 8,757.70 euros for each year. Most of our MEPs will have served less than a year if we leave, so will get nothing.
My mistake, their hard done by scrapping the barrel. So weve 2 lots of MP's costing the nation 100's of millions:-

MEPs earn an annual salary of £90,576 at current exchange rates but can allocate more than three times as much in expenses.

Each MEP gets a general allowance of £46,680 a year. Added to that is a £257,974 annual staff allowance paid directly to employees.

On top of all that, MEPs receive a personal travel allowance of £3,675 and £275 for each day they sign the register in Brussels or Strasbourg.

That compares to a salary of £79,000 for MPs last year, and an average of £150,000 in expenses claimed last year, although some claimed more than £240,000.

And the worse part ?, those expenses?, they dont have to declare how its spent, they voted on that decision. Theres a work around were they can sign remotely, you cant make it up.
 

silverdale

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And theres your House Of Lords, money well spent. Paid £300 for somewhere to get your head down. If that were you or me at work you'd be facing the sack
 

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