Leaving EU - Business problems

Leaving EU - Business problems

Author
Discussion

NM2016

Original Poster:

14 posts

97 months

Friday 20th May 2016
quotequote all
Apologies if I come across a little naive here but here is where I stand.
At the moment I import goods from with in the EU and sell them within the UK but occasionally further afield.

I do not use the UK distributor for my products, in fact I use another distributor and dealers in other EU countries. reason being is better pricing and less restrictions when it comes to pricing. I understand this is frustrating for the UK disty but at the end of the day I make a good living and there is nothing they can do about it with us all being in the EU, it is of course free trade and I am taking advantage of it. This has been going on years and I think we have come to the point where they are over it.

If we leave the EU i understand there will be some agreements when it comes to free trade but will this cover me and will it be for every country in the EU or a select few who we can negotiate with?

I am worried we come out of the EU and the UK disty can then take legal action against me to stop importation of these products. if so is there any solution?

Thanks in advance, this has been a slight worry for a while now and although I have researched it I can not find anything specific.
Also apologies if this is in the wrong category, I wasn't sure if it was business or politics specific.

NM2016

Original Poster:

14 posts

97 months

Friday 20th May 2016
quotequote all
Thanks for the advice everyone. I was a little concerned that leaving the EU would put me on dodgy ground legally and that the UK distributors could then take legal action and cause me problems.
Hopefully this stays in place for the foreseeable future and I can carry on trading as usual. If there is some lapse in the free trade agreement then I will have to look at alternative options!

NM2016

Original Poster:

14 posts

97 months

Saturday 21st May 2016
quotequote all
It is the restriction with grey imports which is worrying me. My company is based solely on imports and this could soon stop.

If we do leave the EU if there any alternative I could do to get around this and carry on importing without any restrictions?

NM2016

Original Poster:

14 posts

97 months

Saturday 21st May 2016
quotequote all
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

NM2016

Original Poster:

14 posts

97 months

Saturday 21st May 2016
quotequote all
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?