Porsche 10% Brexit surcharge
Discussion
Anyone read this ?....
https://www.evo.co.uk/porsche/22290/porsche-primes...
I don't follow all the Brexit chat.
Could any City types / economists on here who work in finance / trade, explain why Porsche will need to apply 10% if we come out of Europe?
Why will they, as a manufacturer, be worse off with no trade deal ?
Will our Govt start charging them more to import goods, which they have to pass on ?
Are EU companies importing to the UK currently subsidised in some way?
https://www.evo.co.uk/porsche/22290/porsche-primes...
I don't follow all the Brexit chat.
Could any City types / economists on here who work in finance / trade, explain why Porsche will need to apply 10% if we come out of Europe?
Why will they, as a manufacturer, be worse off with no trade deal ?
Will our Govt start charging them more to import goods, which they have to pass on ?
Are EU companies importing to the UK currently subsidised in some way?
If we leave with no deal then it’s assumed WTO tariff rates will apply, so on vehicles imported from third countries that will be 9.8%.
Porsche U.K. will be charged an additional 9.8% in duty when they import the vehicle from Porsche Germany. They can’t claim that back, so are asking their customers to indemnify them.
Porsche U.K. will be charged an additional 9.8% in duty when they import the vehicle from Porsche Germany. They can’t claim that back, so are asking their customers to indemnify them.
Rsx Boy said:
Will our Govt start charging them more to import goods, which they have to pass on ?
Are EU companies importing to the UK currently subsidised in some way?
Yes, there will potentially be import tariffs going on both directions - it will hurt UK companies trying to export to the EU, too (ie. about 60% of our export trade).Are EU companies importing to the UK currently subsidised in some way?
No EU companies are not subisdised at the moment, they're just not penalised.
essayer said:
If we leave with no deal then it’s assumed WTO tariff rates will apply, so on vehicles imported from third countries that will be 9.8%.
Porsche U.K. will be charged an additional 9.8% in duty when they import the vehicle from Porsche Germany. They can’t claim that back, so are asking their customers to indemnify them.
Hopefully VAG, BMW and Mercedes will do the same.Porsche U.K. will be charged an additional 9.8% in duty when they import the vehicle from Porsche Germany. They can’t claim that back, so are asking their customers to indemnify them.
If Brexit means 10% less German cars on our road I can only say that's a great great thing.
essayer said:
If we leave with no deal then it’s assumed WTO tariff rates will apply, so on vehicles imported from third countries that will be 9.8%.
Porsche U.K. will be charged an additional 9.8% in duty when they import the vehicle from Porsche Germany. They can’t claim that back, so are asking their customers to indemnify them.
Our business could have the same issue as our factory is in Italy. So when we leave we will be an importer. If there is no deal and we follow WTO rules we will be charged a 2.5% tariff.Porsche U.K. will be charged an additional 9.8% in duty when they import the vehicle from Porsche Germany. They can’t claim that back, so are asking their customers to indemnify them.
So we have been advising customers that this cost will be passed to them.
st4 said:
Hopefully VAG, BMW and Mercedes will do the same.
If Brexit means 10% less German cars on our road I can only say that's a great great thing.
You realise it will apply to all manufacturers who import cars, right?If Brexit means 10% less German cars on our road I can only say that's a great great thing.
(Unless we get a super duper trade deal that we were promised the day after we leave...)
valiant said:
You realise it will apply to all manufacturers who import cars, right?
(Unless we get a super duper trade deal that we were promised the day after we leave...)
We will quickly sign trade deals with other non EU states. Under EU rules tarrifs are applied to non EU made items which rather biased things in favour of lesser quality high priced German cars. We’ve let German, and France (two of our oldest enemies) flood our market for too long. (Unless we get a super duper trade deal that we were promised the day after we leave...)
Not any more suckers. Tarrifs are coming.
Not long to go
valiant said:
st4 said:
Hopefully VAG, BMW and Mercedes will do the same.
If Brexit means 10% less German cars on our road I can only say that's a great great thing.
You realise it will apply to all manufacturers who import cars, right?If Brexit means 10% less German cars on our road I can only say that's a great great thing.
(Unless we get a super duper trade deal that we were promised the day after we leave...)
st4 said:
We will quickly sign trade deals with other non EU states. Under EU rules tarrifs are applied to non EU made items which rather biased things in favour of lesser quality high priced German cars. We’ve let German, and France (two of our oldest enemies) flood our market for too long.
Not any more suckers. Tarrifs are coming.
Not long to go
“Two of our oldest enemies”Not any more suckers. Tarrifs are coming.
Not long to go
Oh dear.
powerstroke said:
Wrong it will be up to OUR government what it charges we don't have to impose tariffs ....
Well, we’d have to leave the WTO if we did that.The 10% applies to cars and car parts too so sadly our new school run fleets of Vauxhall Mokkas and Nissan Notes will also be 10% more expensive..
st4 said:
powerstroke said:
Wrong it will be up to OUR government what it charges we don't have to impose tariffs ....
Hopefully they’ll impose the maximum Tarrifs they can on EU made cars. For too long we’ve supported the German economy-it’s time to stop. Gassing Station | General Gassing | Top of Page | What's New | My Stuff