Is there a time limit for responses? I am informed that in 50 years we should have got back to where we were before the referendum
Brexit, for once some facts.
- Thread starter flecc
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I think if not totally fake, the Sun has inflated a story that the EU takes the UK to the ECJ for uncollected duty. The old story was that Chinese importers underdeclared the value of clothing, fake luxury goods imported into the UK for selling on to other EU countries.
As I said before, ebay and amazon must charge VAT and issue VAT invoices for goods sold on their platforms to stop this sort of tax avoidance.
I've no idea of the extent. There's two rules possibly involved. The other one concerns reclaims of input VAT and the difference between Exempted VAT items and Zero Rated VAT items.
Companies can reclaim input VAT on zero rated, but input VAT cannot be reclaimed if a company supplies VAT exempt items. If they are allowed to do so the system has been cheated of tax.
This could depend on how much hard evidence the EU has.
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if it's zero rated, how much can you claim? not a trillion Euros surely.
If we are talking about the size of the UK GDP, that reminds me of the stories about the UK did not declare the work of the prostitutes. It sounds a bit like something Bojo could have written in his column.
Zero rated isn't involved in cheating since input VAT can be reclaimed. It's companies supplying exempt VAT items who could cheat if they claim input VAT on those items, which isn't allowed under the rules.
As well as the Exempt and Zero Rated classifications, there's also the third class, Goods and Services Outside the Scope of VAT. If any trade in those is included in claims for VAT, the system has been cheated.
Like you I can't see any possibility of a trillion pounds being involved, someone's added three noughts.
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Perhaps he's moonlighting with the sun?
Bruce Willis can take on the whole EU27 while Cybill Shepherd takes over from Carrie?
Majorca hotels have knocked 20% off prices ..swings and roundabouts.
Flipping eck Flecc ...average of £600 per couple per night.....I'm from Yorkshire tha knows 
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But all these and more have become more expensive per night:
But all these and more have become more expensive per night:
I've been to all those places bar Honolulu, San Francisco and la and I can safely say that is bullox
But that isn't the only expense when on holiday abroad is it? everything else is affected too.
If you were a hotelier in Majorca, and felt the need to knock 20% off prices, wouldn't you be looking at how you could make it up again?
The key point is that when faced with a short acute challenge , with fixed assets, the hotels will immediately reduce their prices,on the grounds that any revenue is better than none. Once the immediate opportunity or crisis has passed ,say by mid September, they will re-evaluate their position. These hoteliers would not have been expecting a sudden collapse in Sterling.
By next year they will have recalibrated their product for the UK market. Nylon sheets instead of Cotton, cheaper meat and tinned veg instead of fresh fish and market vegetables etc...
Really? in what way? perhaps you can explain what else they can do?
That’s nuts, but in a good, comedy sort of way.
The Brits are in Room 503, be sure to fit sheets with a Nylon content > 70%. And don’t forget, they dine at Table 4, so use the cheap meat and canned vegetable produce.
I love it, do you have anymore material which has similar comedy value?
You are not being sensible.. The major travel companies arrange with hotels block bookings in the Autumn and Winter months and the market areas they will operate in . So the hotels serving fresh fruit salads will pitch their product at price points which will be unattractive to very cash strapped tourists.
For brilliant right wing capitalists, yourself and Fingers are being rather dim. Now the hoteliers on Ibitza are also capitalists but are not dim.