Move to EU to avoid Brexit costs, firms told

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AtW started a topic Move to EU to avoid Brexit costs, firms told

24 January 2021, 00:29
Move to EU to avoid Brexit costs, firms told

"Exporters advised by Department for International Trade officials to form EU-based companies to circumvent border issues

British businesses that export to the continent are being encouraged by government trade advisers to set up separate companies inside the EU in order to get around extra charges, paperwork and taxes resulting from Brexit, the Observer can reveal.

In an extraordinary twist to the Brexit saga, UK small businesses are being told by advisers working for the Department for International Trade (DIT) that the best way to circumvent border issues and VAT problems that have been piling up since 1 January is to register new firms within the EU single market, from where they can distribute their goods far more freely.

The heads of two UK businesses that have been beset by Brexit-related problems have told the Observer that, following advice from experts at the Department for International Trade, they have already decided to register new companies in the EU in the next few weeks, and they knew of many others in similar positions. Other companies have also said they too were advised by government officials to register operations in the EU but had not yet made decisions."

Move to EU to avoid Brexit costs, firms told | Brexit | The Guardian

Easy solution really - register yer firm in Ireland, shift stuff there at cost and register all EU derived profits in EU with corp tax of 12.5% instead of whatever Rishi is going to increase it to here, probably 25% range.

This week we registered in Ireland for payment of VAT MOSS, now there is a legitimate business reason to go to Dublin and find out if their pint of Guiness is truly the best...
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