EU referendum, brexit and the aftermath

For those who are interested in the motivations of those behind Brexit, this blog by Alastair Campbell, although long, is worth a read;

https://alastaircampbell.org/2020/12/the-brexit-revolutionaries-have-barely-begun-britain-needs-to-wake-up-fast/

If one is a sole trader and not an LTD company ie does not claim back VAT, what happens now with selling to the EU?
You have to pay VAT on the goods you buy/materials for your goods and then not charge it to the customer so take a hit?

Ah, in that case simply move your business to one of the new Freeport's, and you'll, erm, be able to benefit from tariff arbitrage. Or, if that is as useful as it seems to be (we could do it in the EU, and did, but then shut them because they were useless), you could add money laundering to your business profile.

I got the same kind of email this morning from Metallica Store.

I deleted it before trying to work out what it means.

"shiped"

Bludy foruns, cumming ovah her an ruinning or words

Metallica Store

Legend

This is even better

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I'm trying to find out how this works but it seems that in this case you've already paid the VAT and are not charging VAT because the goods are now effectively second hand bought from a private individual.

https://www.taxinsider.co.uk/buying-and-selling-second-hand-goods-tips-and-traps-ta

Frightening and interesting article.

I think it’s the same as if you’re a non-VAT registered business.. ie you pay VAT when you buy your materials (which you cannot claim back), and then sell sell without charging any VAT. Unfortunately your EU customers will now pay duty and VAT (unless >60% of materials originated in the EU/UK).
You’ll also have to fill out a CN22 customs declaration and supply Detailed sales invoices with HS codes. If you do it a lot you’ll need an EORI number...

So this thread is now, de facto, the taxation and customs advice thread.

Another thing that fucking Brexit has ruined.

Cunty fuck cunts.

And yes, I blame senor bear. No one else. Just him. And Tim Henman.

Interesting thread on ROO for automotive, with a particular focus on EV's.

https://twitter.com/TradeAlemaro/status/1343949324833665024

I can think of a reason.

Me, Tim Henman and Brexit. Not the threesome I was hoping for, but I’ll take it.

come on tim

I imagine that's part of the deal.

Ian Dunt's commentary of the debate is entertaining once more

https://twitter.com/IanDunt/status/1344214841427431424?s=19

"DBAD was never being about anti-disks. DBAD was about restoring power to buyers."

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@Bainbridge the petition was just mentioned by Labour’s Kevin Brennan

https://mobile.twitter.com/mdouganlpool/status/1344038320289013760

Waiting for Michael Dougan to analyse the whole deal, in the meantime him being sassy on Twitter is fun.

Poor Ian Dunt. Drinking whiskey in his house coat as he tweets. Grim stuff.

Sammy Wilson is the DUPs useful gammon.

https://www.bbc.co.uk/news/amp/technology-55475433

brexit bill looking to have copied/pasted and not really checked...

The new 'rules of origin' rules are mind-boggling...

https://twitter.com/faisalislam/status/1344018202301444096

I wonder how many man hours went into negotiating that whether assembling a table in the UK makes it sufficiently made in the UK or not.

Allow IKEA to operate in UK no?

I can only think the cheese thing affects pesto.
It’s quite fun trying to work out what they are protecting.