Leaving EU - Business problems
Discussion
I was under the impression that as long as we were still in the EU that we can trade freely between countries without any restrictions or import/VAT to pay once entering the country?
My imports will be classed as 'grey imports' if we leave the EU and I think this will but me on unsteady ground legally as the UK distributor could take some sort of legal action?
It the same as if I imported from the USA in to the UK, as far as I am aware there is implications with this and its not straight forward.
Another quick one I have is that if we leave the EU will imports be charged a import tax & VAT once entering the country?
Thanks
My imports will be classed as 'grey imports' if we leave the EU and I think this will but me on unsteady ground legally as the UK distributor could take some sort of legal action?
It the same as if I imported from the USA in to the UK, as far as I am aware there is implications with this and its not straight forward.
Another quick one I have is that if we leave the EU will imports be charged a import tax & VAT once entering the country?
Thanks
NM2016 said:
I was under the impression that as long as we were still in the EU that we can trade freely between countries without any restrictions or import/VAT to pay once entering the country?
My imports will be classed as 'grey imports' if we leave the EU and I think this will but me on unsteady ground legally as the UK distributor could take some sort of legal action?
It the same as if I imported from the USA in to the UK, as far as I am aware there is implications with this and its not straight forward.
Another quick one I have is that if we leave the EU will imports be charged a import tax & VAT once entering the country?
Thanks
For someone whose business is importing grey imports you seem to be a bit vague about the legalities, if you don't mind me saying so.My imports will be classed as 'grey imports' if we leave the EU and I think this will but me on unsteady ground legally as the UK distributor could take some sort of legal action?
It the same as if I imported from the USA in to the UK, as far as I am aware there is implications with this and its not straight forward.
Another quick one I have is that if we leave the EU will imports be charged a import tax & VAT once entering the country?
Thanks
TBH, I think the idea of any government body getting involved in a dispute between you and another firm is laughable, EU or not.
Your last point- if the product didn't originate in the EU then someone in the country of entry will have paid duty and VAT on it (unless it was smuggled in).
I know the general in/outs of EU importing and know that as long as I am in the EU there is nothing they can do. I have not looked much further in to it as I have never had to.
When it comes to imports out of the EU how exactly does that work as generally the products are manufactured in China, they then go to the HQ in the USA where VAT/Import is paid, then sent to the EU where again VAT/Import is paid.
If we come out of the EU would I then have to pay VAT/Import again from my EU supplier?
When it comes to imports out of the EU how exactly does that work as generally the products are manufactured in China, they then go to the HQ in the USA where VAT/Import is paid, then sent to the EU where again VAT/Import is paid.
If we come out of the EU would I then have to pay VAT/Import again from my EU supplier?
fridaypassion said:
singlecoil said:
If I had to guess I would say that you are probably on the Remain side of things.
I have 3 businesses and my sanity still so that would be correct. Well my reasoning really has little to do with politics. The way I look at it the economy has been up the spout for almost 10 years due to a jolt that nobody predicted. We are now setting up a vote where we can actually volunteer ourselves for another 10 years of utter chaos and unpredictability. the best we can hope for after 5 years of buggering about is what? tariff free trading with Europe? If only we had that already. The whole exercise is pointless but hopefully the in vote will be resounding enough to totally bury the suicidal idea of coming out.
I suppose it all depends on what of the various posited outcomes one thinks is the most realistic.
One's outlook as a businessman will also be coloured by whether complete free trade means more foreign customers or more foreign competition.
One thing's for sure, whatever benefits some will be bad for others.
One's outlook as a businessman will also be coloured by whether complete free trade means more foreign customers or more foreign competition.
One thing's for sure, whatever benefits some will be bad for others.
KrissKross said:
Can I ask, who sells their products or services to Greece, Poland, Romania, Turkey..
http://researchbriefings.files.parliament.uk/documents/SN06091/SN06091.pdfThe answer is in Appendix 2 Page 14 of this document. Basically the answer is not many. The EU made much more sense when it was 11,or 15 countries. Enlargement has just brought Political stagnation and not much extra trade.
rdjohn said:
http://researchbriefings.files.parliament.uk/docum...
The answer is in Appendix 2 Page 14 of this document. Basically the answer is not many. The EU made much more sense when it was 11,or 15 countries. Enlargement has just brought Political stagnation and not much extra trade.
Thanks for the document but thats my point.The answer is in Appendix 2 Page 14 of this document. Basically the answer is not many. The EU made much more sense when it was 11,or 15 countries. Enlargement has just brought Political stagnation and not much extra trade.
I export to countries that want (and can afford) to buy what I offer, both in Europe and worldwide.
If I don't produce a good product someone else wants I cannot sell it, the EU is a ball and chain, not a help.
None of this is rocket science.
KrissKross said:
Can I ask, who sells their products or services to Greece, Poland, Romania, Turkey..
Occasionally.We sell alot to Germany, less so to Iberia, Italy and France, as well as most other European countries.
We used to buy alot of stock from Germany, but it is cheaper and quicker to buy from the USA and pay the duty.
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