Finally - a concrete benefit of #Brexit
Massive customs windfall ... for Ireland
Ireland reaps €700m Brexit bonanza from customs duties
Dublin records near-doubling of tax revenue from duties on imports of clothing, food and other goods from Great BritainLisa O'Carroll (The Guardian)
This entry was edited (2 weeks ago)
HistoPol (#HP)
in reply to TCatLikesReality • • •#Ireland #Customs
#BrexitBrokeBritain
Seen from a sarcastic perspective, one could arrive at the conclusion that the #UK has finally begun to pay reparations for hundreds of years of #Brithish occupation, ending in independence in 1931.
https://mastodon.social/@TCatInReality/112353083261306634
TCatLikesReality
2024-04-29 06:26:38
TCatLikesReality
in reply to HistoPol (#HP) • • •It would not be undeserved.
Gerard Cunningham ✒️
in reply to HistoPol (#HP) • • •TCatLikesReality
in reply to Gerard Cunningham ✒️ • • •@faduda @HistoPol
Understood
But it's generally accepted that higher customs of trade results in less trade. That's bad for UK business workers.
Ultimately, the big companies will shift production to other EU countries. So, the rela losers in the UK are worker and small companies.
But that's #BrexitReality
Gerard Cunningham ✒️
in reply to TCatLikesReality • • •The EU treats Brexit as damage, and routes around it.
HistoPol (#HP)
in reply to Gerard Cunningham ✒️ • • •@faduda
#Trade #EU #UK
(1/2)
Maybe we got carried away here a bit. Apart from some exotic taxes (excise tax, perhaps?), there shouldn't be any custom duties, as the #EU and #UK formed a #FreeTradeArea by signing the EU–UK Trade and Cooperation Agreement (#TCA):
"Trade in goods: 👉Trade in goods between the EU and UK shall not be subject to any #tariffs or #quotas.👈 Traders can self-certify compliance with agreed rules of origin. However, as a...
https://en.m.wikipedia.org/wiki/EU%E2%80%93UK_Trade_and_Cooperation_Agreement
international treaty agreed in 2020
Contributors to Wikimedia projects (Wikimedia Foundation, Inc.)HistoPol (#HP)
in reply to HistoPol (#HP) • • •@faduda
#Trade #EU #UK
(2/3)
...result of the #UK leaving the EU customs area, customs formalities are required between the two parties, and VAT and certain other duties apply upon import.[37] There are provisions intended to limit technical barriers to trade (#TBT), building on the #WTO TBT Agreement.[38]"
Services are pretty much omitted. However, they should not be "passing through customs."
Begs the question, what is the merchandise that is being subjected...
HistoPol (#HP)
in reply to HistoPol (#HP) • • •#Trade #EU #UK
(3/n)
...to import duties, and does it really originate in the #UK?
I could see the #UK customers having to pay more now, as the #EU is a customs union that has signed #FTA|s with many countries. The #UK will not be able to replicate that. Still, these duties would not be levied in #Ireland, but the #UK.
So, where does it come from, and why has it...
HistoPol (#HP)
in reply to HistoPol (#HP) • • •@faduda
#Trade #EU #UK
(4/n)
...increased?
The #TCA is in stark contrast with #TheGuardian article:
"Ireland has landed a €700m (£600m) Brexit bonanza with a steep increase in tax 👉revenues flowing from customs duties now applicable to imports of clothing, food and other goods from Great Britain...👈
The report added that Great Britain was “the top country of dispatch for both customs duties and the value of imported goods”...
The report added that Great Britain was “the...
HistoPol (#HP)
in reply to HistoPol (#HP) • • •@faduda
#Trade #EU #UK
(5/5)
...top country of dispatch for both customs duties and the value of imported goods”." 2)
As the Wiki entry states, the #TCA was ratified and came into force on May 1st, 2021.
2)
https://www.theguardian.com/business/2024/apr/29/ireland-reaps-700m-brexit-bonanza-from-customs-duties
//
Ireland reaps €700m Brexit bonanza from customs duties
Lisa O'Carroll (The Guardian)Gerard Cunningham ✒️
in reply to HistoPol (#HP) • • •HistoPol (#HP)
in reply to Gerard Cunningham ✒️ • • •@faduda
And you live in Ireland? Northern Ireland?
Could it be resold merchandise from non-#TCA countries like China?
@TCatInReality
Gerard Cunningham ✒️
in reply to HistoPol (#HP) • • •I live in Kildare.
I've had packages from China arrive with no issues. Packages from the UK get taxed
HistoPol (#HP)
in reply to Gerard Cunningham ✒️ • • •@faduda
TBH, I had to check where #Kildare is located.
To my shame, and even though I've read "#Dublin*," I didn't know.🙈
*
https://www.penguinrandomhouse.com/series/1DS/the-dublin-saga/
The Dublin Saga
PenguinRandomhouse.com