I'm afraid you are wrong there,buddy. EU tariffs collected by the UK at point of entry into the UK are sent to the EU. Any VAT payable on goods imported into the UK is kept by the UK. Outside the EU,the UK is free to levy or not levy a tariff on imports from anywhere,so a BMW imported from the EU would only become 10% more expensive if the UK decided to to impose a 10% tariff.(Tariff rates levied on imports to the EU at the moment are decided by the EU and the UK has very little say.Japanese makers build cars here in order to avoid the EU tariff). In FUTURE the UK will trouser any tariffs that the UK government charge but the rates are up to the UK as to whether they charge anything at all.
AfaIk we are still in the EU,and,(assuming we ever leave),it will be up to the UK as to how and how much tariff will be applied to imports. Here's a bloke who doesn't mince his words,(have to watch it on Fakebook though): https://www.facebook.com/video.php?v=347616302766312
The UK Govt has already said most tariffs would be reduced to nil on entry into the UK. That doesn't sound like much money raised to me. And what money is raised will be paid by you and me, and no one else. Since the UK Govt had the opportunity to leave with no deal twice and took neither then i think its all a bit of a pointless argument anyway.
Which are you saying is best then, it seems to be a no win situation. If the U.K. has WTO tariffs its bad because some things are quite high. If there are 0% tariffs it’s bad because then it doesn’t raise any money.
A good question that Leavers always seem to avoid when asked by instead making Ad Hominem attacks... Don't forget that WTO rules also state that you have to apply those tariffs to everyone. So if we make a tariff 0%, it's that for *everyone*. No more "coffers" for the pot from that import. That situation doesn't change until you get your trade deal sorted out... and we're not doing too good on that front so far (to say the least!). Also, those extra tariffs are eventually paid by the consumer. It's not a "tax" that the importer will pay, they will simply pass it on to the consumer. This means that the hypothetical BMW being imported with a 10% tax will now cost 10% more to the consumer. This is why I find anyone that says "we'll just leave without a deal and revert to WTO rules" a little bit ...simple?... because it's really a lot more complicated than that. But at least the NHS will be getting £350m a week, right?
While I admire your principles... what do you buy instead? A car made in the UK, solely from parts and materials sourced in the UK so that it doesn't increase in price due to those WTO tariffs? Does such a thing exist?
Just because it doesn't exist at the moment nothing to stop it being possible again, we have all the raw materials under the ground still and supposedly the finest technical experts in the world to set up production, remember we used to do it granted not that well towards the end of industry but that demise was a political decision for which we have paid a heavy price for.
I agree with you that the interaction of treaties, taxation and duties is complicated. ‘we'll just leave without a deal and revert to WTO rules’: why do you assume we’ll ‘Just’ Leave? Don’t you think that should be the starting point for the EU trade deal which M. Barnier won’t even discuss with us until we’ve committed to the “Agreed” Withdrawal Agreement. The Withdrawal Agreement isn’t a ‘Deal’, it’s just a straight jacket the EU want our negotiators to wear during the negotiation period with the sweetener of a short transition period before becoming a permanent vassal state (Which the EU says it doesn’t want) or accepting any deal the EU offer that isn’t actually worse. Oh, and thanks for calling me simple.
This and this Are not compatible. As I pointed out, it's only those who think we should leave right now and default to WTO who I feel are either deluded or too simple to understand this complex issue. Because I keep reading in this thread that Leavers knew exactly what they were voting for, want to Leave with no deal right now, and similar nonsensical/suicidal rubbish. Obviously (thankfully!) these people have no more of a say on how Brexit is happening than I do, but as we are discussing Brexit and Tariffs specifically at this point in the thread, I am asking the question whether such people really understand what they're saying, and additionally pointing out that when challenged they simply result to Ad Hominem attacks. But I am happy to be proven wrong.
