jlend
Member of DD Central
Posts: 1,817
Likes: 1,444
|
Post by jlend on Jan 21, 2021 13:27:52 GMT
|
|
agent69
Member of DD Central
Posts: 5,622
Likes: 4,194
|
Post by agent69 on Jan 21, 2021 13:44:19 GMT
I've got a bit of a downer on media reporting on Brexit and Covid, and this is another example.
Headline says 'Taxes worth £800m go unpaid as border checks relaxed to keep traffic flowing after Brexit'. When you read the detail in the article it actually says 'Taxes totalling £800m could go unpaid this year'.
So it's not £800m unpaid in the last 21 days, it's up to £800m over 365 days.
|
|
jlend
Member of DD Central
Posts: 1,817
Likes: 1,444
|
Post by jlend on Jan 21, 2021 15:05:52 GMT
I've got a bit of a downer on media reporting on Brexit and Covid, and this is another example.
Headline says 'Taxes worth £800m go unpaid as border checks relaxed to keep traffic flowing after Brexit'. When you read the detail in the article it actually says 'Taxes totalling £800m could go unpaid this year'.
So it's not £800m unpaid in the last 21 days, it's up to £800m over 365 days.
That's interesting, I read something very different. I can't see any mention of 21 when I search the article or the headlines. It didn't cross mind that the references to "this year" etc. might have meant the last 21 days. However it is not surprising or unusual two people can read the same article and have different feelings about it. I thought it was one of the better articles in terms of having some facts. It is a funny old world at the moment.
|
|
adrianc
Member of DD Central
Posts: 9,011
Likes: 4,822
|
Post by adrianc on Jan 21, 2021 15:25:14 GMT
I've got a bit of a downer on media reporting on Brexit and Covid, and this is another example.
Headline says 'Taxes worth £800m go unpaid as border checks relaxed to keep traffic flowing after Brexit'. When you read the detail in the article it actually says 'Taxes totalling £800m could go unpaid this year'.
So it's not £800m unpaid in the last 21 days, it's up to £800m over 365 days. That's interesting, I read something very different. I can't see any mention of 21 when I search the article or the headlines. It didn't cross mind that the references to "this year" etc. might have meant the last 21 days. However it is not surprising or unusual two people can read the same article and have different feelings about it. I thought it was one of the better articles in terms of having some facts. It is a funny old world at the moment. Given that the "Brexit" changes only took place on 1st Jan, at the end of the transition period...
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,870
Likes: 11,097
|
Post by ilmoro on Jan 21, 2021 16:10:47 GMT
I've got a bit of a downer on media reporting on Brexit and Covid, and this is another example.
Headline says 'Taxes worth £800m go unpaid as border checks relaxed to keep traffic flowing after Brexit'. When you read the detail in the article it actually says 'Taxes totalling £800m could go unpaid this year'.
So it's not £800m unpaid in the last 21 days, it's up to £800m over 365 days.
That's interesting, I read something very different. I can't see any mention of 21 when I search the article or the headlines. It didn't cross mind that the references to "this year" etc. might have meant the last 21 days. However it is not surprising or unusual two people can read the same article and have different feelings about it. I thought it was one of the better articles in terms of having some facts. It is a funny old world at the moment. Same as two people can read the same post & derive different info. The OP issue is the headline which clearly implies YTD taxes unpaid as opposed to the article which reports the estimate for year.
|
|
michaelc
Member of DD Central
Posts: 4,892
Likes: 2,767
|
Post by michaelc on Jan 21, 2021 16:47:43 GMT
Another article totally lacking in perspective.
- Many agents who are completing T1s have run out of guarantee funds - but how many are many? big difference between 1% and 99%
- EU hauliers and transport companies are turning their backs on UK - again if not quantified it is meaningless
Makes a great headline for a Conservative bashing rag, but overall doesn't mean a lot. I'm not an account but I imagine if your net assets are around a few hundred K and you're filing abbreviated accounts you're pretty small fry in the scheme of things. The article was based entirely on the experience of this company. I'm sure things are at least a little more difficult but I also feel it has been grossly exaggerated. I haven't yet noticed large price rises or significant gaps in anything I buy. Certainly the effect on my life so far is as nothing compared to the effect of C19.
|
|
|
Post by Deleted on Jan 21, 2021 16:54:00 GMT
I suspect the affect will be boiled frog, so slow costs and burdens on us. It is important to move out of sandwich making and into luxury sandwich surving to take advantage of the terribly negotiated position we have placed ourselves. You can forget Chemical manufacture for example as REACH (UK) will just be a tax on us.
|
|
Greenwood2
Member of DD Central
Posts: 4,247
Likes: 2,692
|
Post by Greenwood2 on Jan 21, 2021 17:01:14 GMT
I suspect the affect will be boiled frog, so slow costs and burdens on us. It is important to move out of sandwich making and into luxury sandwich surving to take advantage of the terribly negotiated position we have placed ourselves. You can forget Chemical manufacture for example as REACH (UK) will just be a tax on us. A friend works in a (fairly small) chemical manufacturing company in the UK and apart from a big dip at the start of Covid sales are now really good, this month being way up on expected.
|
|
|
Post by Deleted on Jan 21, 2021 17:20:05 GMT
But access to new chemicals will be a problem, existing designs should be fine.
|
|
Greenwood2
Member of DD Central
Posts: 4,247
Likes: 2,692
|
Post by Greenwood2 on Jan 21, 2021 18:22:00 GMT
But access to new chemicals will be a problem, existing designs should be fine. I don't know, they buy most source chemicals from China in bulk. They have links to the USA, main markets in the UK and small markets in South America and Italy, Italy has always been a problem even while we have been in the EU, you have to have an Agent and companies they supply have been investigated for Mafia connections (although perfectly OK eventually just huge delays) also payment term lengths terrible, although they increased their price to compensate.
|
|
agent69
Member of DD Central
Posts: 5,622
Likes: 4,194
|
Post by agent69 on Jan 21, 2021 20:08:31 GMT
I've got a bit of a downer on media reporting on Brexit and Covid, and this is another example.
Headline says 'Taxes worth £800m go unpaid as border checks relaxed to keep traffic flowing after Brexit'. When you read the detail in the article it actually says 'Taxes totalling £800m could go unpaid this year'.
So it's not £800m unpaid in the last 21 days, it's up to £800m over 365 days.
That's interesting, I read something very different. I can't see any mention of 21 when I search the article or the headlines. It didn't cross mind that the references to "this year" etc. might have meant the last 21 days. However it is not surprising or unusual two people can read the same article and have different feelings about it. I thought it was one of the better articles in terms of having some facts. It is a funny old world at the moment. The article says that the £800m is a consequence of relaxed border checks, which have only been necessary since 1st January.
|
|
r00lish67
Member of DD Central
Posts: 2,691
Likes: 4,048
|
Post by r00lish67 on Jan 25, 2021 14:04:14 GMT
Mastercard frankly taking the pee: "Mastercard is set to increase its transaction fees by more than fivefold when an online British shopper uses a debit or credit card to buy from a company based in the European Union. From October 15, credit card fees will increase from 0.3% to 1.5% of the value for every online payment from the UK to the EU". Visa not promising not to do this, therefore obviously will as well. How exactly that would play out with how EU retailers handle UK credit cards, I don't know. On this one, I'd think/hope it would be in both UK/EU interests to intervene. Either that or EU retailers will start rejecting or adding extra fees to UK credit cards I guess? edit: ah, but "The firm said this only applies to online payments at EU-based merchants, while transactions made in person will remain the same" - so just yet another additional cog in the wheel of exports/imports then, perhaps.
|
|
benaj
Member of DD Central
Posts: 4,881
Likes: 1,602
|
Post by benaj on Jan 25, 2021 14:10:47 GMT
Mastercard frankly taking the pee: "Mastercard is set to increase its transaction fees by more than fivefold when an online British shopper uses a debit or credit card to buy from a company based in the European Union. From October 15, credit card fees will increase from 0.3% to 1.5% of the value for every online payment from the UK to the EU". Visa not promising not to do this, therefore obviously will as well. How exactly that would play out with how EU retailers handle UK credit cards, I don't know. On this one, I'd think/hope it would be in both UK/EU interests to intervene. Either that or EU retailers will start rejecting or adding extra fees to UK credit cards I guess? edit: ah, but "The firm said this only applies to online payments at EU-based merchants, while transactions made in person will remain the same" - so just yet another additional cog in the wheel of exports/imports then, perhaps. Well, it’s not that much compared to custom duties.
|
|
r00lish67
Member of DD Central
Posts: 2,691
Likes: 4,048
|
Post by r00lish67 on Jan 25, 2021 14:18:36 GMT
Well, it’s not that much compared to custom duties. I'm sure you're right, but it's always just a little extra incremental cost, time, effort with all of these things isn't it? Every 1% change in the wrong direction though will discourage a certain portion of people from trading back and forth. How many hundreds of things have already been identified just like this that detract from trade either in costs or effort? How much does it all add up to?
|
|
benaj
Member of DD Central
Posts: 4,881
Likes: 1,602
|
Post by benaj on Jan 25, 2021 14:26:21 GMT
It will be interesting when it comes into effect.
Will millions of Amazon UK customers affected bu this charge?
Technically, items are sold by Amazon EU Sarl.
How do they define UK purchases? IP addresses, Mastercard issued by UK banks? Will Mastercard shoot itself in the foot like Facebook recent changes to Whatsapp privacy policy?
|
|