1 hour ago, Rookiescot said:

Right I am with you now.

OK so we are looking at two possible scenarios for Brexit. Either a deal whereby we retain access to the single market or no deal.

If we get a deal then those VAT and customs duties will remain in place therefor resulting in no financial benefit from Brexit.

If on the other hand we leave with no deal then those payments will no longer be made to the EU. We will however have to make payments to the WTO. Then we will have to pay tariffs on all the stuff we get from the EU. So all in all no financial benefit from Brexit.

 

 

When are you ever with me, Rookster? If you had known about the EU influence on VAT and profit from it you wouldn't have asked the question, would you?

 

If we get a deal, then those VAT and customs duties might remain in place but that depends on the deal. If no deal then those payments will certainly no longer be made to the EU and VAT on beer and tampons etc could come down a bit to keep everyone happy (that is let's take back control stuff in action). It is also possible that a free UK government could raise VAT (and other taxes) but I doubt that would happen as they are actually allowed to do that right now.

 

As an existing member, the UK already makes modest payments to the WTO, which will be CHF 7,399,675 this year; a pittance compared to the 10 billion paid to the EU. If trade continues as is with the EU, whatever, then I have to assume that UK/EU tariffs will be applied both ways, so with a 70 billion trade deficit, the UK would actually benefit, financially, quite a lot. Tariffs will obviously hurt trade initially but they are likely to result in a revival of UK industries.

 

Maybe the EU need us just a little bit more than they let on???

 

 

6 minutes ago, nauseus said:

 

When are you ever with me, Rookster? If you had known about the EU influence on VAT and profit from it you wouldn't have asked the question, would you?

 

If we get a deal, then those VAT and customs duties might remain in place but that depends on the deal. If no deal then those payments will certainly no longer be made to the EU and VAT on beer and tampons etc could come down a bit to keep everyone happy (that is let's take back control stuff in action). It is also possible that a free UK government could raise VAT (and other taxes) but I doubt that would happen as they are actually allowed to do that right now.

 

As an existing member, the UK already makes modest payments to the WTO, which will be CHF 7,399,675 this year; a pittance compared to the 10 billion paid to the EU. If trade continues as is with the EU, whatever, then I have to assume that UK/EU tariffs will be applied both ways, so with a 70 billion trade deficit, the UK would actually benefit, financially, quite a lot. Tariffs will obviously hurt trade initially but they are likely to result in a revival of UK industries.

 

Maybe the EU need us just a little bit more than they let on???

 

 

If you think for one second we would get access to the single market without making those VAT and tariff payments you are deluding yourself.

Yes the government could reduce VAT. Indeed given the minimum set by the EU is 15% and the UK enjoys a 20% rate it could have done that while still part of the EU.

The UK government and the EU do NOT pay for the tariffs. Customers do. And the EU has the option of sourcing the stuff we produce from other sources without tariffs. So the trade deficit will bring no financial benefit for the UK population. In fact it will do the opposite. 

So I still await one of you Brexiteers to give an example of a positive financial argument for us leaving the EU.

1 hour ago, Rookiescot said:

If you think for one second we would get access to the single market without making those VAT and tariff payments you are deluding yourself.

Yes the government could reduce VAT. Indeed given the minimum set by the EU is 15% and the UK enjoys a 20% rate it could have done that while still part of the EU.

The UK government and the EU do NOT pay for the tariffs. Customers do. And the EU has the option of sourcing the stuff we produce from other sources without tariffs. So the trade deficit will bring no financial benefit for the UK population. In fact it will do the opposite. 

So I still await one of you Brexiteers to give an example of a positive financial argument for us leaving the EU.

 

You have already been given an actual example but you just discount it and swerve off into more fantasy. You will be waiting a long time for the next one.

 

 

1 hour ago, nauseus said:

<snip>

VAT on beer and tampons etc could come down a bit to keep everyone happy (that is let's take back control stuff in action)

 As the minimum EU standard VAT rate is 15%, 5% on certain items and 0% on others whilst the UK standard VAT rate is 20%, 5% on certain items and 0% on others and have been since 2011, it is obvious that we already have considerable control; the control to charge more than the minimum EU standardised requirement.

 

Therefore Brexit will achieve nothing in this area!

 

Another Vote.Leave lie.

 

Addendum:

The above rates do not include the temporary measures introduced by the UK government during the pandemic to help the hospitality industry.

10 minutes ago, 7by7 said:

 As the minimum EU standard VAT rate is 15%, 5% on certain items and 0% on others whilst the UK standard VAT rate is 20%, 5% on certain items and 0% on others and have been since 2011, it is obvious that we already have considerable control; the control to charge more than the minimum EU standardised requirement.

 

Therefore Brexit will achieve nothing in this area!

 

Another Vote.Leave lie.

 

Addendum:

The above rates do not include the temporary measures introduced by the UK government during the pandemic to help the hospitality industry.

 

So what? Some other EU countries have a higher VAT rate than the UK.

 

The issue was the extra EU revenue from members VAT receipts - nothing to do with Vote Leave or any other of your obsessions! 

7 minutes ago, pagan1 said:

I think you may find the link below interesting concerning VAT changes after Brexit.

 

 

To boldly go where no VAT man has gone before. Cash up front from you Euros please.

Post from an unapproved source has been removed along with replies. 

 

2 hours ago, nauseus said:

 

You have already been given an actual example but you just discount it and swerve off into more fantasy. You will be waiting a long time for the next one.

 

 

So how is what I posted fantasy?

Oh wait its not is it.

You just failed to find any flaw in it so simply come back with a post dismissing it.

This bluff and bluster is wearing thin. You guys must know yourselves that Brexit (especially a no deal Brexit) is going to be disastrous for the UK. Coming on top of the damage already done by corona?

Perfect storm right there.   

5 hours ago, nauseus said:

 

So what? Some other EU countries have a higher VAT rate than the UK.

 

The issue was the extra EU revenue from members VAT receipts - nothing to do with Vote Leave or any other of your obsessions! 

 I was responding to your comment that

7 hours ago, nauseus said:

VAT on beer and tampons etc could come down a bit to keep everyone happy (that is let's take back control stuff in action).

which I made clear by quoting that comment!

 

To make it easier for you; any changes in VAT post Brexit is not " let's take back control stuff in action" because the UK government has set our VAT rates higher than the standardisation minimum.

 

In fact, apart from a brief period from 1/12/2008 to 31/12/2019, the UK standard rate has always been above the minimum of 15%.

 

So please explain how Brexit has meant taking back control of something we already had control over.

 

BTW, from 17/3/2016; British officials claim victory over Brussels in ‘tampon tax’ row New VAT regime will provide the option to member states of zero rating sanitary products