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BREXIT and the pandemic are fuelling a surge in interest from multi-millionaires in moving to the Island – with Jersey this year set to record one of its highest numbers of new ‘high-value’ residents.
It was billed as the rebirth of British business — a chance to build a brighter commercial future, free of costly bureaucracy. But Brexit is proving far from profitable for many UK small and medium-sized enterprises (SMEs).
With the gradual reopening of UK borders and their new eligibility to shop Tax Free in the EU, UK residents represent a new opportunity for European retailers. / Continental European shopping destinations will attract more international shoppers following the abolition of the Tax Free Shopping scheme in the UK
Companies in freeports in Britain will not get to enjoy the full benefits of the new tax-efficient zones if they are exporting to certain countries including Canada, Norway, Switzerland and Singapore, the Financial Times reported on Sunday, citing government officials.
It would be fair to say that businesses in Somerset are now really starting to feel the effects of Brexit and our new trade deals with the EU and the rest of the world. From all the businesses I have spoken to so far the effects have ranged from bureaucratic nightmares with unnecessary paperwork and extra costs to complete shutdowns of exports.
On April 14, 2021, the Warsaw Institute, together with The Warsaw Institute Review quarterly, had the honor of hosting another online event – the Diplomacy Talks Series. The title of the discussion, moderated by the president of the Warsaw Institute, Tomasz Kijewski, was “BREXIT and its importance for Europe and the Polish diaspora in Great Britain and Northern Ireland”.
Vote Leave chief Matthew Elliott, who is credited with several successful political crusades, is on the Free Market Forum's advisory board
Who’d have thought that three months on we’d still be struggling with Brexit barriers that impact how cross channel trade works? In fact, as a country, we haven’t even really got internal trade sorted with Northern Ireland still seeing issues ordering goods to and from mainland Britain.
For many sellers on Amazon, Brexit is causing significant problems. Last week my company decided to attempt our first shipment into one of Amazon’s European fulfilment centres since Britain left the European Union on 1 January 2021.
Businesses had warned of Northern Ireland-style disruption to trade if yet more red tape was imposed.
Brexit was hailed as an escape from the ‘red tape’ of the EU, however ecommerce businesses are learning that selling into the EU comes with more Brexit red tape than they ever had to deal with before.
New visa rules, taxes and transport restrictions are some of the hurdles British dance and theatre organisations must now overcome to tour Europe.
Worried that EU visitors post-Brexit would start claiming back value added tax on luxury purchases, the UK scrapped its rebate on the tax. / This makes the UK the only country in Europe not to offer such a rebate and makes Paris and Milan more attractive, as customers can save thousands of euros.
Pricewatch: Shoppers waiting weeks for deliveries despite buying from Irish domains.
UK overseas territories such as Cayman Islands also may lose protection once afforded by UK’s EU membership.
One consumer asked to pay £140 in fees says she ‘won’t order anything from Europe again any time soon’.
A leading skateboard distributor has set up another business in the Netherlands to avoid paying tax twice on exports after Brexit.
Up to 200 trucks turned back a day for having wrong paperwork, MPs told.
A week ago the UK fully left the EU. The moment we all campaigned against, warned about and feared the consequences of became reality – and it’s every bit as bad as forecast.
Some EU specialist online retailers have said they will no longer deliver to the UK because of tax changes which came into force on 1 January.
Specialist retailers across the EU have stopped selling goods to the UK due to the tax rules involved in delivering to Britain after Brexit.