People will travel to Europe to go shopping because Britain no longer offers tax-free purchases to international tourists, the boss of clothing chain Superdry has warned.
THE former CEO of Sainsbury’s has been clear about what initially caused the cost of living crisis – telling Sky News that Brexit is to blame.
There are fears that the cost of carrying out extra Brexit border checks may fall on island ratepayers unless more cash is forthcoming from central Government.
The UK is lagging behind European counterparts in terms of growth because of Brexit, the Director of Tax Research UK tells Nick Ferrari.
Brexit… out of fashion in Somerset
04/05/2021
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.
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.
For 2021, national tourist board Visit Britain has forecast that visitor numbers will be lower even than in 2020, when travel restrictions were at their highest.
UK officials admit some markets to be subject to duties under post-Brexit deal terms - FT
10/05/2021
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.
Vote a boost for reformers and reflects desire to rein in super-rich after Pandora paper revelations.
Wine trade fury at Sunak tax plan that will force up prices and create ‘unworkable’ red tape
09/01/2022
Industry condemns ‘simplification’ of duty touted by Boris Johnson as key benefit of Brexit.
British luxury retailer Matchesfashion has been hit hard by COVID-19 and Brexit, its Companies House filings revealed.
UK overseas territories such as Cayman Islands also may lose protection once afforded by UK’s EU membership.
Boris Johnson ‘hung up’ on trying to prove Brexit was good and flight tax change meaningless, government’s climate adviser says
31/10/2021
Rishi Sunak's cut to tax on internal UK flights in Wednesday's Budget was an example of the government trying to prove Brexit was a good idea, a top climate adviser has claimed.
‘Brexit ruined my business almost overnight’: UK dealer says his income has plummeted by 60% since Britain left the EU
28/04/2022
Almost all of Steve Shovlar’s clients are based in Europe—but added taxes and red tape are putting them off.
Government slashed domestic flight taxes ‘to prove Brexit was a good idea’, says top climate adviser
31/10/2021
The decision by Rishi Sunak to cut domestic flight taxes was met with opposition by climate groups and Labour figures
The Office for Budget Responsibility suggested leaving the EU would reduce the UK's long-term GDP by around 4% - compared to 2% for the pandemic and lockdowns.
A post-Brexit deal should make it easier to build supermarkets, avoid tax and sue the UK, US business lobbyists say.
The independent Office for Budget Responsibility has calculated that the scarring effect of covid lockdowns on the UK economy is only half of what it has cost the UK to leave the European Union.
How Brexit is Levelling Down Luxury Brands
31/01/2022
Britain’s economic and cultural prowess is suffering due to post-Brexit tax changes, reports Sascha Lavin. / As the Government publishes a 100-page ‘benefits of Brexit’ paper today, luxury brands are calling on Boris Johnson to rethink a post-Brexit policy that is harming their international competitiveness.
Trump administration threatens UK with tariffs if Boris Johnson imposes taxes on tech giants
21/01/2020
Digital services levy due to be imposed on web-based firms like Facebook and Amazon from April.
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).
Liz Truss faces backlash on Australia trip over plans to hike UK taxes on wine from Down Under
21/01/2022
Foreign secretary Liz Truss is facing a backlash from Australian wine producers during her trip Down Under, amid complaints that any benefits from a post-Brexit trade deal will be more than wiped out by proposed changes to UK taxes on alcohol.
Brexit red tape onslaught deepens as UK economy loses £47bn because businesses drown in cross-border tax complexities
18/05/2022
Cross-border tax complexities cost the UK economy £47.6bn in lost revenue last year, an average revenue loss of 16 per cent on total EU exports, according to fresh industry data shared with City A.M. this morning.
Next boss, thinktanks and unions criticise Boris Johnson, saying ‘shortages cannot be blustered away’