Donald I, emperor of the world.

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Stevo 666

Über Member
The de minimis exemption thing is a difficult one and in the UK small companies don't like it as it puts them in a weak position.

Order a product < de minimis from the EU and purchaser pays no import tax. But if a UK company wants to sell the product they import eg 100 (> de minimis) so have to pay import duties which they have to add to they costs

eg suppose import duty on defanglers is 15% and a defangler costs trade £40, retail £50. An end user buys one from EU so they pay £50 but buy one through a UK retailer and that retailer has had to pay 10% import duty (as they ordered 10 for £400) so UK company have to a cost of £46 so if they match EU retail price they are making less than half the margin. EU companies thus at a significant advantage to UK companies.

Gets worse when eg big warehouses get involved as shipping costs become irrelevant as loads of shipments in a single container then sorted by a UK delivery operation.

Ian

You sure about that?
https://taxation-customs.ec.europa....provisionally,the appropriate rules of origin.

"The EU-UK Trade and Cooperation Agreement (TCA) provisionally entered into force on 1 May 2021 and provides for zero tariffs and zero quotas on all trade of EU and UK goods that comply with the appropriate rules of origin."

If you're talking about 20% import VAT then any UK VAT registered business can reclaim that through their VAT return so there's no additional cost to that business. Whereas if you or I buy something from the EU as an individual consumer, then we have to pay import VAT and can't claim it back - although the EU exporter would not be adding their own local VAT so any price difference should only come from the difference in the VAT rate between UK and whichever EU member state is selling.
 

monkers

Shaman
:eek:

I'm worried about you.

Don't be. I'm not the one in a cult.
 

briantrumpet

Veteran
If this is true, I'm not surprised. They'll have to do this with a lot of data, including health.

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Pinno718

Well-Known Member
It really is the government with the least transparency and the most amount of corruption.

Michael Wolff (Trumps biographer) who had unique access inside the WH said that after Trumps first term in office, he said to Wolff that 'he had left a pile of cash on the table'.
 
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CXRAndy

Legendary Member
It really is the government with the least transparency and the most amount of corruption
I think you'll find that was the previous Biden administration, hundreds of NGO payments, nearly $100billion spent between Nov-Dec24 again to NGOs

Pre pardoning family and friends.

The list goes on.
 
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