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So Brexit seems to be a good thing then.

Old 15 March 2019, 11:08 AM
  #4501  
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Trump wishes the whole island had been washed away .!

Like pretty much everywhere he can't plant a golf course on



Last edited by dpb; 15 March 2019 at 11:23 AM.
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Old 15 March 2019, 11:30 AM
  #4502  
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Originally Posted by ALi-B View Post
Just you

Current US export tax is fine: Its the UK HMRC import tax thatís my problem.
EU import tax on a gearbox from a 3rd country is currently 4.5%. So if the UK cuts import tariffs to 0% when it leaves the EU, then you'll save 4.5% import tariffs.... but you'll still have to pay 20% VAT!

Depending where you import from, the tariff may not even be applicable. Thanks to the recent EU/Japan and EU/Canada deals, if you import from Canada or Japan, you'll currently pay 0% import tariffs (although you still need to pay 20% VAT).
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Old 15 March 2019, 12:11 PM
  #4503  
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Originally Posted by BMWhere? View Post
EU import tax on a gearbox from a 3rd country is currently 4.5%. So if the UK cuts import tariffs to 0% when it leaves the EU, then you'll save 4.5% import tariffs.... but you'll still have to pay 20% VAT!

Depending where you import from, the tariff may not even be applicable. Thanks to the recent EU/Japan and EU/Canada deals, if you import from Canada or Japan, you'll currently pay 0% import tariffs (although you still need to pay 20% VAT).
The EU/Japan and EU/Canada deals are not in place, and won't be for a number of years.

Depending on the Classification it will take 4 to 6 years on some items and as long as 10 on others.
http://trade.ec.europa.eu/doclib/doc...9.pdf#page=103

And Canada is not all sweetness and light.
It is not a customs union or single market so the two parties are free to do trade deals with any other country - post BREXIT UK?
It does not remove border controls, but it encourages the use of advanced electronic checking to speed customs clearance - NI perhaps?
CETA does little for trade in financial services that is not covered by World Trade Organization rules that both sides are already signed up to.
Canadian financial companies will not get "passporting", which would allow them to sell their products across the 28 nations of the EU. The same limitations apply for EU banks in Canada.
Tariffs will remain on poultry, meat and eggs. Several other agri-products will be given quotas. For instance, the EU will allow Canadians to export increasing amounts of duty-free meat to the EU - up to 80,000 tonnes of pork, 50,000 tonnes of beef - as well as 100,000 tonnes of wheat.

Last edited by The Trooper 1815; 15 March 2019 at 12:12 PM.
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Old 15 March 2019, 01:21 PM
  #4504  
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Originally Posted by The Trooper 1815 View Post
The EU/Japan and EU/Canada deals are not in place, and won't be for a number of years.

Depending on the Classification it will take 4 to 6 years on some items and as long as 10 on others.
http://trade.ec.europa.eu/doclib/doc...9.pdf#page=103

And Canada is not all sweetness and light.
It is not a customs union or single market so the two parties are free to do trade deals with any other country - post BREXIT UK?
It does not remove border controls, but it encourages the use of advanced electronic checking to speed customs clearance - NI perhaps?
CETA does little for trade in financial services that is not covered by World Trade Organization rules that both sides are already signed up to.
Canadian financial companies will not get "passporting", which would allow them to sell their products across the 28 nations of the EU. The same limitations apply for EU banks in Canada.
Tariffs will remain on poultry, meat and eggs. Several other agri-products will be given quotas. For instance, the EU will allow Canadians to export increasing amounts of duty-free meat to the EU - up to 80,000 tonnes of pork, 50,000 tonnes of beef - as well as 100,000 tonnes of wheat.
The deals are both in place and being phased in over the coming years. For vehicle gearboxes, the tariffs are already removed for both countries!

Any trade deals the UK can do after Brexit will be on different terms than the EU deals and as the UK is a much smaller market than the combined EU market, the deals the UK can get with any large economies will be much less favourable. If we anyway have zero tariffs more or less across the board which is what the government was proposing this week, then we lose the biggest bargaining chip we have for negotiating deals. The only other control we have is quotas and most goods are not subject to quotas anyway! So, tell ma again how we're going to get great trade deals after Brexit?
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Old 15 March 2019, 05:03 PM
  #4505  
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We're not..........
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Old 15 March 2019, 11:28 PM
  #4506  
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Originally Posted by BMWhere? View Post
The deals are both in place and being phased in over the coming years. For vehicle gearboxes, the tariffs are already removed for both countries!

Any trade deals the UK can do after Brexit will be on different terms than the EU deals and as the UK is a much smaller market than the combined EU market, the deals the UK can get with any large economies will be much less favourable. If we anyway have zero tariffs more or less across the board which is what the government was proposing this week, then we lose the biggest bargaining chip we have for negotiating deals. The only other control we have is quotas and most goods are not subject to quotas anyway! So, tell ma again how we're going to get great trade deals after Brexit?
Which bit of the 4, 6 or 10 years before the deal with Japan is effective are you not seeing?
How do we know the deals with other Countries will be unfavourable?
Who said we are going Zero tariffs across the board? Not even The Guardian said it.

Last edited by The Trooper 1815; 15 March 2019 at 11:29 PM.
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Old 18 March 2019, 09:41 AM
  #4507  
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If they don't go zero tariffs across the board they will be in breach of WTO rules. OK, you can argue what teeth the TWO has in enforcing those rules, but if we drop out and need to make deals, then you are going to be faced with trying to make trade deals as a country who ain't great for sticking to the rules. Not the best position to start from when trying to make your place on the world stage!
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Old 18 March 2019, 11:01 AM
  #4508  
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Originally Posted by The Trooper 1815 View Post
Which bit of the 4, 6 or 10 years before the deal with Japan is effective are you not seeing?
Have a look at gearboxes on the EU tariffs import calculator. 0% from Japan and Canada, 4.5% from 3rd countries!

Originally Posted by The Trooper 1815 View Post
Who said we are going Zero tariffs across the board? Not even The Guardian said it.
Last week the government said we are going to zero tariffs pretty much across the board in the event of a no deal to counter the shock of the cliff edge. There were one or two exceptions such as lamb. Tariffs would probably be reintroduced at some point once some stability has been established.

Originally Posted by The Trooper 1815 View Post
How do we know the deals with other Countries will be unfavourable?
Because every trade deal in history has always given more benefit to the larger economy. The more you have to bargain with, the better the deal you get.
In terms of PPP, the EU is the currently second largest economy in the world, behind China and ahead of the USA. India is in 4th and a some way behind the leading three, Japan is next in 5th. When the UK leaves the EU, the EU will probably drop to 3rd marginally behind the US, while the UK will be in 9th place although predicted to slide post Brexit as expected price rises will reduce purchasing power.
GDP expressed by Purchasing Power Parity (PPP) rather than nominally is the important figure when negotiating trade deals as it takes into account the variation in prices in different markets and the ability of people to actually purchase goods.
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Old 18 March 2019, 11:12 AM
  #4509  
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If this does not come to an end soon I am boycotting Euro Disney

Which is a shame because I'd love to go
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Old 18 March 2019, 11:15 AM
  #4510  
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Originally Posted by lozgti1 View Post
If this does not come to an end soon I am boycotting Euro Disney

Which is a shame because I'd love to go
What will that achieve other than you missing out on a fun trip to Euro Disney?
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Old 18 March 2019, 11:31 AM
  #4511  
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Just crying over this thread. My hair has dropped out. Yet it continues. It will never end
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Old 18 March 2019, 01:18 PM
  #4512  
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Originally Posted by lozgti1 View Post
If this does not come to an end soon I am boycotting Euro Disney

Which is a shame because I'd love to go
Boycott it anyway cos it's ****.
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Old 18 March 2019, 07:40 PM
  #4513  
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lol
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