British Indy: What Happens Now?

Discussion in 'Wasteland' started by Loz, May 23, 2015.

?
  1. Full Brexit with "no EU deal" on the 29th March.

  2. Request Extension to article 50 to allow a general election and new negotiations.

  3. Request Extension to article 50 to allow cross party talks and a new deal to be put to EU.

  4. Request Extension to article 50 to allow a second referendum on 1. Remain in EU or 2. Full Brexit.

  5. Table a motion in parliament to Remain in EU WITHOUT a referendum.

  6. I don't know or I don't care anymore

Results are only viewable after voting.
  1. Not unless the French invade Belgium before the year is out. :thinkingface:

    But you are talking about the French, so no promises. :rolleyes:
     
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  2. 3B094C9D-C3AB-432C-9E64-4685924D6815.jpeg
     
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  3. So true! PM.JPG
     
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  4. [​IMG]
     
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  5. but, but democracy! sovereignty!.
    whining , moaning, campaigning, demonstrating.call it what you like, thats what you wanted, thats what yer gonna get.
    suck it up :upyeah:
     
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  6. 1000 trucks move through the Channel Tunnel every single day taking vehicle parts to and from car factories in the UK. Customs checks will most likely mean an end to that.
     
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  7. So the parts factories will have to be in the UK. Great. :upyeah: :)
     
  8. Don't know if you've ever been in a place called a supermarket Dookie. You should. You'll find it's packed with produce that has come from all over the world, much of it from beyond the EU. None of that stuff had to sit in ten mile tailbacks at the border to make it to the shelves or wait months while some idiot at Whitehall issued a permit. In a Eurocrat's wet dream maybe but the real world beyond Euro Disneyland doesn't work like that. You don't need political union or government by an unelected inebriated politburo for goods to cross borders quickly and efficiently. The proof of that is staring you in the face every time you open your fridge.
     
  9. Fake News Alert

    Toady Gove is said to have ripped up the latest offering on the preferred option for a new customs partnership with the EU from his awful boss Theresa Mayhem.

    This is obviously a lie. The toady git couldn't rip up a wet paperbag.
    Gove.jpg

    gove2.jpg
     
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  10. He hasn't even visited this planet yet @Gimlet :rolleyes:
     
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  11. nissan has put future investment in the uk on hold too. could be some cheep duc's on offer shortly, maybe for as much as a "canny bag o tudor like".
     
  12. I was in the almost complete, new £80m Paintshop yesterday. Very impressive.

    Wanna buy a bike, I might let the Hyperstrada go in a few months, no haggis flavoured Wotsits accepted. :yum
     
  13. impressive, take long to clean? it would be a waist for it to sit empty.
     
  14. It would, wouldn’t it. Good job that new Leaf has started to be built and the allocation of replacement Qashqai and Juke have been confirmed. Plus the new X.Trail. So it won’t be empty much.
     
    #13457 Robarano, Jun 30, 2018
    Last edited by a moderator: Jun 30, 2018
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  15. Why will they need to be inspected? Thousands of shipments enter the UK each day from outside the EU through sea and airports without inspection. We've moved on since James Onedin.....

    More fake crap .
     
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  16. From today's FT for your enlightenment spinners of fake dross about imports, exports and border control.

    We are a 95 per cent export manufacturer of high tech instrumentation, so we have a lot of experience in overseas trade. On May 24 the head of HM Revenue & Customs estimated that post-Brexit, import-export may cost industry £20bn extra at UK borders. With £10m of exports, 75 per cent outside the EU, and £1.5m of imports, 85% non-EU, we are in a good position to give a realistic figure for these costs.

    All imports enter under Inward Processing Relief, and no taxes are paid at the border. Goods may remain in the UK for up to nine months free of duty and value added tax. Duty and VAT become payable if the goods are sold within the EU, but not if they are exported outside. When we sell our equipment to a Japanese company, we invoice free of VAT as an export. It collects ex-works and delivers worldwide, sometimes direct to a customer within the EU. It will invoice without VAT as, being based in Japan, it is not VAT registered. It is that company’s customer who must record and pay VAT, on the basis that it is an import even though the goods may have crossed no frontiers.

    Our VAT and tax returns are made on a monthly and quarterly basis, with payment by direct debit. Every two to three years, HMRC audits our record-keeping. Maintaining this system requires a skilled person for one or two days a week — at a £50 hourly rate for 500 hours per year, the annual cost is £25,000. We also employ shipping agents at a £70,000 annual cost, of which over 90 per cent is transport charges. Our cost for import-export paperwork is about £32,000.

    Our largest tax is the 20 per cent VAT charged on importing goods from the EU, just as from the US or Japan. This will not change after Brexit, although there may be a 3-5 per cent duty if no deal is done. The cost in additional paperwork will therefore be no more than 10 per cent of the present £32,000. We will incur an average 4 per cent duty on our £225,000 of EU imports, but will recover 95 per cent of this on exporting, so duties will cost the company about £500. Assuming we do business with the EU on terms no worse than the rest of the world, the cost will be around £3,700, or 0.04 per cent of our £10m turnover. Compared to currency exposure where rates can change by 1 per cent daily, this is a negligible figure, so Brexit on any terms will not change our business.

    Jeremy Good
    Director, Cryogenic Ltd, London W3, UK
     
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  17. JLR has also stopped future investment. Projects that were already in the planning stage are ongoing but nothing further will be started until they know what future arrangements will be.
     
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