Jump to content
Why become a member? ×

EBS_freak

⭐Supporting Member⭐
  • Posts

    13,778
  • Joined

  • Last visited

  • Days Won

    20

Everything posted by EBS_freak

  1. And interestingly enough, a massive proportion of UK famers voted for Brexit, despite their business not being viable without the EU subsidies.
  2. It was a joke! Funnily enough, check out the bit at the bottom of this page - https://www.dutchbikebits.com/shipping
  3. Boost the economy, spend, spend, spend!
  4. So basically, you are saying we are as clueless as the people that voted for all this shower?
  5. Royal Mail are way down in the pecking list where the collection of money is involved. So in reality, the f### up is you actually receiving nothing after paying through the nose for everything. Oh and have fun trying to reclaim the tax on the items that you haven't actually received... because that's up to the vendor dealing with HMRC to recover the money before they can push it back to you. I mean, the company could pay you back and bridge the gap whilst they wait for the money back from HMRC... but you. know, companies go bump.
  6. Nope. Once CDS (CHIEF replacement) is up to to speed with it all, combined with Connect, tax collection is going to be a lot easier for HMRC. But as I say, they still need goods to collect tax on. And if none of this means anything to you, they are the HMRC tax import and export systems and fraud detection system. Have a wiki. Enjoy
  7. That's exactly the opposite of whats going to happen. No business is going to become liable for tax fraud by not collecting the tax. HMRC have a record of every item coming in. No record of tax being paid on that item number, HMRC can go knocking straight at the door of the vendor. A hell of a lot easier than tracing all the individuals that are not paying tax on the received goods. In one way, it addresses tax evasion... however, you have to have goods (and that means people that are willing to put up with the BS) in order to collect tax. There's a lot easier ways for HMRC to start claiming higher tax revenues. Like stopping the loop holes for the likes of Amazon... and stopping ministers like Robert Jenrick doing under the table tax deals that denies HMRC money.
  8. You got it. Feels good, don't it?
  9. Here's an example from a small independent, based in Australia that ships clothing worldwide. CHANGES TO UK VAT CHARGES FROM 1 JANUARY 2021 From 1 January 2021, the UK Government will require VAT to be paid upfront for any parcels £135 or less coming into the United Kingdom. Unfortunately, this means that we will need to charge UK customers the VAT on all orders with the value of £135 or less before we are able to ship them. Please note: The £135 threshold is calculated on the product cost only. However VAT is charged on the full order amount which includes the shipping costs calculated at checkout. We are working as quickly as possible on an automatic solution at checkout, however, in the meantime, we will manually send any customers with a UK shipping address who place an order for an amount of £135 or less an additional invoice for the VAT via email, which will need to be paid within 7 days of placing your order. Once this invoice has been paid, our Warehouse team will continue to ship your order as per usual. This change will affect orders placed in our system from 12.00am (AEST) 1 January 2021. If your order is placed before this time, you will not be required to prepay VAT even if your order is not shipped until after 1 January 2021. All orders are charged in $AU. The UK Government requirement for pre-paid VAT is only mandatory for parcels with a value of £135 or less. Parcels with a value above £135 will still be liable for VAT and may be liable for additional customs charges (duties) after their parcel arrives. So - there is currently a manual overhead on each order to the UK... every order coming in has to be checked to see if it's bound for the UK. The item(s) is/are picked and then held. Then, an invoice has to be manually raised for the extra payment. Then the payment has to be tracked manually before the item can be shipped. The invoice may never be paid and the whole transaction has to be backed out and the items returned to the inventory. If payment is received, the good can be shipped out. From an accountancy point of view, all the UK transactions have to be taken in isolation because the money that is collected into the bank account is HMRC's, not the company - and hence has to be dealt with manually by the accountant. Now imagine if every country demanded a "right to trade with us tax" like the UK. Most companies would be under in weeks, unable to keep up with the paper work and tracking the finances. Of course, all this needs could be fixed with software - but that is an additional tax. And it's not the business that has changed anything - but will be brunting the cost of the "privilege" of dealing with the UK. In short, a lot of businesses - and I'm talking mainly about the small businesses here - just won't bother. Again, the big corporates will just absorb it and continue to get bigger and bigger.
  10. No - they (the businesses) have to collect the tax up front.
  11. Of course it’s not the end of the world. But it’s a hell of a worse situation to be in. Thats like saying, after needlessly losing all your limbs, “hey could have been worse, could be dead”
  12. You do know that the trade deals were formed based on deals with the EU, of which the UK was a member...? No?
  13. No I'm not - you are talking about large corporations there. Now look at it from the point of the small independents.
  14. Yup - because the UK has a mass of manufacturing capability that rivals the rest of the world.
  15. Click here to see why nobody will want to be bothered getting involved with dealing with the UK - due to the overheads of the vendors having to do somebody else's job in collecting tax on behalf of the UK
  16. Nope. Just the weddings that’s have been re-arranged from this year. (I shifted another from March to October only yesterday... third time it’s moved now!) I’m not taking anything new on at the moment. It’s just an admin overhead I could do without.
  17. The ZS10s will do the lows for you for now as you save up for something more flash.
  18. Was going to write exactly the same thing. The 4 string headstock is ming imho.
  19. Yup. Yamaha - especially their higher end stuff, is incredibly well made.
  20. I’d want to play one completed and not chance a build like that on a luthier as the acoustic properties are pretty significant. Ive looked at The Joker. Pants name. And again, not really one to try.
×
×
  • Create New...