Cont: Brexit: Now What? Part 5

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Aber said:
:rolleyes:

I completed a VAT return last week; I had an onsite HMRC VAT inspection earlier this year; both covered trading with EU and non-EU sources.

What is the VAT problem you are so concerned about?
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How is it going to work without checks either in the Irish sea or at an unwanted hard border?
 
If we can't have free trade and free movement with mainland Europe, I think it would be discriminatory to have it with Ireland. I want a hard border and all the problems that go with it, so that we can be seen to be a fair and honest country. Leave means leave after all. Why would anyone that wanted to reclaim control of our borders not want a hard border?
 
GnaGnaMan said:
Resuming armed action is the usual remedy when a peace treaty is broken.
Of course, the IRA did disarm in compliance with the agreement. The peace programs funded through the EU hopefully have had an effect on the minds of young people, as well.

So maybe there would be no serious violence. That would mean that the UK got what it wanted from the treaty and can now break it. That's the implication, isn't it?
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Lots of weapons around, and certain countries would be happy to supply them.
 
Darat said:
DUP MPs - In the UK we steer away from using the word "coalition" in an informal way and tend to use terms like "confidence and supply agreement" but the rest of the world would recognise it as a coalition.
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Under C&S the supporting members aren't considered "government" for pairing, committee seats and ministerial position purposes.
 
Mr Fied said:
If we can't have free trade and free movement with mainland Europe, I think it would be discriminatory to have it with Ireland. I want a hard border and all the problems that go with it, so that we can be seen to be a fair and honest country. Leave means leave after all. Why would anyone that wanted to reclaim control of our borders not want a hard border?
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But where do you want to put your hard border, Mr Fied? In the Irish Sea, or on the island of Ireland, on the border between Northern Ireland and the Republic? Do you realize that Northern Ireland is part of the UK?
 
Michel H said:
But where do you want to put your hard border, Mr Fied? In the Irish Sea, or on the island of Ireland, on the border between Northern Ireland and the Republic? Do you realize that Northern Ireland is part of the UK?
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Well obviously it would be between the North and the Republic. We could get all those companies that have moved to the Republic to fund it. I'm sure Mr Rees Mogg wouldn't mind. #leavemeansleaveunlessitcausesproblemsweneverthoughtof
 
GnaGnaMan said:
VAT is not charged on exports for obvious reasons. When goods are exported, VAT is refunded.
This makes it necessary to check if the goods in question really leave the country.
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No, when goods are exported by businesses, VAT is never charged to the foreign customer in the first place.
 
Aber said:
No, when goods are exported by businesses, VAT is never charged to the foreign customer in the first place.
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Oh dear... Whether VAT is refunded to the exporter or the importer or whether it wasn't paid in the first place is really not the issue.

The issue is how you make sure that VAT is paid correctly without checking that the goods have actually passed the border.
 
GnaGnaMan said:
The issue is how you make sure that VAT is paid correctly without checking that the goods have actually passed the border.
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The company making the sale is responsible for handing over the VAT to HMRC.
The main collection risk is that VAT is not charged when it should have been.

Currently export sales to non-EU countries, and VAT-registered businesses in EU countries are VAT-free. Therefore the main collection risk is that domestic sales are made without VAT, and falsely claimed as exports. This risk doesn't change with Brexit.
 
Delphic Oracle said:
There are numerous options available. They all basically boil down to following EU rules without any influence. So exactly what leavers (wrongly) believed was a major reason for needing to leave.
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But if the solution entails free trade with Ireland it will also have to include grre trade with the rest of the EU. There is no way to hive off one country otherwise it will become a free for all.
 
Aber said:
The company making the sale is responsible for handing over the VAT to HMRC.
The main collection risk is that VAT is not charged when it should have been.

Currently export sales to non-EU countries, and VAT-registered businesses in EU countries are VAT-free. Therefore the main collection risk is that domestic sales are made without VAT, and falsely claimed as exports. This risk doesn't change with Brexit.
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Of course the risk changes. The EU has close cooperation in VAT matters (ie the single VAT area). There is also close cooperation in combating fraud, eg in the shape of Europol. It is completely impossible for the risk not to change when the UK leaves these and others.

I think the risk of fraud may actually go down thanks to a hard border. Which leads us back to the subject of the Irish border...
 
"up to". Beloved by advertisers. You can put any number you like after those words, and to be pretty sure that you won't turn out to be wrong, you should make the number astronomically large.
 
ceptimus said:
"up to". Beloved by advertisers. You can put any number you like after those words, and to be pretty sure that you won't turn out to be wrong, you should make the number astronomically large.
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Right, what does the head of HM Revenue and Customs know about it!
 
Personally I found the part where some people were threatened with violent murder a bit more attention-grabbing than the vague economic prediction part.

YMMV.
 
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