Brexit Phase Two - Trade

Status
Not open for further replies.
Local news in the S. West have just announced that they believe that Honda will shut their Turkish plant( the one just outside the EU, that wants to join the EU) and the British Plant (the one currently in the EU, but wants out of it)
So Japan's got a Trade deal with Europe and an ailing Honda is seizing the opportunity to abandon the region, to make its cars for the region in Japan...that's it.

However, the Press here also believe they are going to say they are going to close it "but not starting until 2021." Perhaps that's a ray of hope for those employed in Swindon and a bargaining position with the UK Government post Brexit ?

As for those reading that the Japanese Government and Honda are somehow acting in concert...that's hardly ever happened.
The big Zaibatsu's and the Keiretsu's cosy relationship with MITI is well known, but that's mostly been carried out minus Honda. Honda are considered the rogue element, a minnow and a new boy on the block... "New Money" if you will.
Trying to draw parallel's with Japanese Government statements and Honda actions isn't smart.

Honda’s been giving up on Europe for a decade.
They’ve moved everything bar the 9th gen Civic away to the more profitable markets.
One of the killers for Honda has been the EUs whole fleet MPG rules.
For a firm that’s made it name for hot cars with high performance petrol engines, it’s been a killer.
We got the weedy 1.2l Jazz to improve their fleet mpg figure, the real world got hot 1.5l versions. We never got the CR-V with the big 2.4 engine, and the fire breathing Integras never came here either.
The E.U. market got a limited range of its dull versions.
 
It’s falling apart quicker than the Labour Party.
Should be interesting to see how the Labour Party schism affects votes in Parliament. IMO it will take quite a few more MPs to defect to make a great difference, but I'm enjoying the show/debacle
 
To answer your questions.
1) Odds of Frexit are not very big at present but liable to change.
For example Mme LePen (and her party) will not be seen as being half as toxic in the MEP elections as she is in French elections.
Coupled with the RIC and Gilets Jaunes now putting up candidates, LREM and Macron are in for a large culture shock.
There is at present a national ongoing dialogue between central government here and local citizens via the Mairies asking about grievances and certain central fiscal policies, that is how worried his government is.
High-end socialist taxation started by Mitterrand has had its day here
2) Macron would never get a second term even if he was interested in doing so and running for it.
3) The old (and new) monied classes are mostly living in Belgium, Luxembourg, London and Monaco where such taxes do not affect them.
We are both UK tax residents so it does not affect us either, chin up!

Money talks and bullshit walks.
Putting aside the idiocy this thread has degenerated into, genuine question and serious for a moment.
Your last line says We are both UK tax residents

If you live in France full time, how does that work? If your main residence, and by that it means you are resident in that country for more than 6 months each year, then you become tax resident in that country.
Now, I know there are some anomalies such as my Forces (and any other government pension) is only taxable in UK. This income cannot be taxed in another country under the dual taxation agreements.
However, interest on accounts worldwide, another pension I get in UK and any other income is not taxed in UK but is taxed here in Spain.
So the genuine question is how are you still classed as a UK tax resident?
(The only other thing taxable in UK is rental income from property but that still has to be declared here but the tax paid in UK is offset against any tax paid in UK. As UK charges more tax on rental property than a resident in Spain does then that negates any further tax being paid).
 
Which is down to the politicians.

Who've been attempting to do so by staying in, it seems.
You reckon Liam Fox is deliberately not doing well at negotiating any trade deals? You reckon David Davis was secretly plotting to feck up WA negotiations?
 
Putting aside the idiocy this thread has degenerated into, genuine question and serious for a moment.
Your last line says We are both UK tax residents

If you live in France full time, how does that work? If your main residence, and by that it means you are resident in that country for more than 6 months each year, then you become tax resident in that country.
Now, I know there are some anomalies such as my Forces (and any other government pension) is only taxable in UK. This income cannot be taxed in another country under the dual taxation agreements.
However, interest on accounts worldwide, another pension I get in UK and any other income is not taxed in UK but is taxed here in Spain.
So the genuine question is how are you still classed as a UK tax resident?
(The only other thing taxable in UK is rental income from property but that still has to be declared here but the tax paid in UK is offset against any tax paid in UK. As UK charges more tax on rental property than a resident in Spain does then that negates any further tax being paid).
I don't know HTB's situation, but (my bolded) that is simply not the case. Over 92 days in the UK and you are a UK tax payer - given the dual taxation arrangements it would probably make for an interesting discussion with the French authorities if one spent 93 days in the UK and paid taxes there.
 
Consider yourself reported for 'Off topic bollocks not related to BREXIT and/or trade'

Let that be a lesson for you. Oh yes.
That really made oi chuckle! Would you please give some humour lessons to Brotherton lad! Him of the 'Brothers Grimm fame!
 
Whatever the reason for Hondas pull out, 4500 jobs lost as well as all their family's spending, Oh and the Just in time factories that , I think Thatcher put in place.So really 20 or 30 thousand jobs and spending families lost.

MP tonight spouting the normal crap...

Oh it's because diesel cars are not popular.

Reporter just said . Cars made here use petrol? MP goes off on a, " Well electric cars are the future."

The Japanese Ambassador warned about frictionless trade.

OK rational might be different but Japan has clearly made its decision.

7 MP's leaving due to the Marx/Trotty leaders position on BREXIT, Russia etc.

Brexit looking better and better.
I suspect that the answer to all these concerns will be the reality that the U.K. will cut its corporation tax to the lowest across the E.U. it strikes me as the only real option to stop the flow becoming a flood? I don’t have any economic skills to support this, just a remberence of a government going cap in hand to Derby where a ‘secret deal’ was struck.
 
I don't know HTB's situation, but (my bolded) that is simply not the case. Over 92 days in the UK and you are a UK tax payer - given the dual taxation arrangements it would probably make for an interesting discussion with the French authorities if one spent 93 days in the UK and paid taxes there.
You should only be taxed in one, there's a tax agreement between the UK and France. You'd expect to be taxed in your country of domicile but don't know the story with pensions. Fill yer wellies:

https://assets.publishing.service.g...nt_data/file/496672/france_dtc_-_in_force.pdf
 
That really made oi chuckle! Would you please give some humour lessons to Brotherton lad! Him of the 'Brothers Grimm fame!
BL is on 'ignore', Baglock isn't. As they say in one of the colonies, "go figure".
 
I don't know HTB's situation, but (my bolded) that is simply not the case. Over 92 days in the UK and you are a UK tax payer - given the dual taxation arrangements it would probably make for an interesting discussion with the French authorities if one spent 93 days in the UK and paid taxes there.
I think that's wrong. You're saying you can spend 93 days in UK and be a UK taxpayer but the remaining 272 in France but not be a French taxpayer.
Here, if you spend more than 183 days in Spain in any one year, you are automatically classed as a Spanish fiscal resident and have to complete the relevant tax returns.

And just looking at the UK gov site and it says you are a tax resident if you spend more than 183 in UK.
The bit you mentioned about 93 days is
You are a non-resident if
  • you work abroad full-time (averaging at least 35 hours a week) and spent fewer than 91 days in the UK, of which no more than 30 were spent working
Which is not the same as saying over 93 in the UK and you are a UK tax payer.
That is dealt with in the
You're resident if:
  • you spent 183 or more days in the UK in the tax year and your primary place of residence is in the UK.
 
Last edited:
Status
Not open for further replies.
Thread starter Similar threads Forum Replies Date
Auld-Yin Brexit 2925
L Brexit 43
Murphy_Slaw Brexit 138

Similar threads


Latest Threads

Top