Monarchist
Diamond
- Joined
- Oct 2, 2012
- Location
- Sol, Terra
If I ever get out to the states to purchase a pacemaker or whatever I will have to pay 10% import duty then 20% vat on the combined purchase price and import duty ..so the tax is taxed.
I can claim the vat back if I purchase via my business but then its not mine in effect
That will probably be much the same for UK-sourced goods - or EU goods into UK - once Brexit is all said and done. Politcal "efforts' and promises aside, "sweeter" deals seem less and less likely.
No change to the above for US, Asian , or other non-EU sources AFAIK for either UK or EU.