What about tax breaks on imports?
What about them?
What about tax breaks on imports?
The economic argument is the main reason I'm anti-EU. Lots of anti-EU arguments from an economic perspective get shouted down anyway, my dad joined UKIP over 10 years ago when his university stopped him publishing a (economic) paper because it was too critical of the EU...
I'm not saying that you can't have an economic or legal argument against it, it's just those that are put forward are frequently without any foundation.
No, I just think that you just overestimate how bad leaving the EU would be as well as its importance (of which there is really none).
Ultimately we would not be entitled to the massive economic benefits that come from being able to trade with states in close proximity of us.
I really don't think you understand the mavity of removing the freedom that the EU provides to economy of Britain. Without the unilateral agreements across Europe we (as British citizens) would not be entitled to work or live anywhere across Europe. Ultimately we would not be entitled to the massive economic benefits that come from being able to trade with states in close proximity of us.
If Britain existed on its own, we would all be even worse off, subject to even more despotic rule (than the EU as you put it) and would be more like North Korea than a Western State.
I'm proud of this multi-national, multi-race, multi-cultural state we've managed to achieve.
Leaving the EU we would negotiate agreements and trade should not significantly be impacted - nobody would want it to be.
More illegal immigrants is just more votes for Labour what do you expect. They have found their new demographic. Screw the people who have lived here for thousand of years they don't matter in the lefts eye.
Everything we import would cost us 20% more and everything we export would cost them 20% more, it would hurt our consumers and it would damage our export business.
why?
Tax, we don't pay VAT on stuff coming in from another EU country and they don't pay their equivalent on stuff they buy from us.
Import VAT
VAT is a tax normally charged on the supply of goods (and services) made by a VAT - registered business in the UK. For goods brought in or sent to the UK from the EU there's no extra VAT to pay unless you're ordering or sending purchased goods from one of the EU Special Territories, such as Jersey or Guernsey, in which case you'll have to pay import VAT.
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Goods imported to the UK from outside the EU are subject to import VAT, unless they are brought in as part of your duty free allowances
Goods in the EU can only have sales tax applied once, if you buy something from E.G France then you pay French sales tax on it which is usually inc in the price then that's it, its only stuff from outside the EU like America/Japan/etc that customs can charge VAT for.
VAT and France
As France and the UK are fellow states of the EC, there are complicated VAT rules affecting business carried out between the 2 countries. This page outlines the main issues as they apply to a small UK business.
‘France’ includes Monaco and Corsica, but excludes Martinique, French Guiana, Guadeloupe, Reunion, and St Pierre et Miquelon. The Channel Islands are neither part of France nor the UK for VAT purposes.
French VAT is called ‘Taxe sur la Valeur Ajoutée’, or ‘TVA’. It should not be confused with VAT in the French-speaking areas of Switzerland, Belgium and Luxembourg, which are also called TVA.
Exporting goods to France
A VAT-registered UK business does not need to charge VAT on most goods exported to France, provided it obtains the French customer’s TVA registration number and shows it on the invoice. It must also keep documentary proof of export.
If the French customer is not registered for TVA, then UK VAT must be charged on most exports. No VAT is chargeable on goods which would normally be zero-rated or exempt when supplied in the UK.
The UK business should regularly check whether its level of sales to TVA-unregistered customers in France requires it to register for TVA under the distance selling rules.
More detail on exporting goods to France
Importing goods from France
A UK business importing goods from France should give the French supplier its UK VAT registration number so that French TVA does not get charged.
When a UK VAT-registered business imports goods from France from a French TVA-registered business, the UK business should pay UK VAT on the import by including VAT in box 2 of its regular UK VAT return, at the appropriate UK VAT rate. It may then reclaim that same amount by including it as input VAT in box 4 of the same VAT return, subject to the normal rules about recovering input VAT.
VAT is a tax charged on goods used in the European Union (EU), so if goods are exported outside the EU VAT isn't charged. You can zero-rate the sale, provided you get and keep evidence of the export, and comply with all other laws. You must also make sure the goods are exported, and you must get the evidence, within three months from the time of sale. This can be longer for goods that need processing before export and for thoroughbred racehorses.
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Ahh I see, but while it wouldn't increase the cost to the end buyer of our exports it would still increase the cost of our imports (and by more than 20% because the would be extra charges to pay) this would be a problem because the is just some stuff you can't get in the UK.