Wargaming, the weak Pound and .....Brexit

[petercooman]

Well, i must say that i have my pre determined budget for crisis, like i always do. I write up my list of what i want to get there ( i'm pretty organised on that matter actually, have it all written and counted out already).  I kept a 'spare' amount of that budget for the case extra import fees need to be paid.

I normally pay as much as i can on the day itself, but this time around i made all the payments up front. This means that :

-I know what i spent already
- the traders get a fair price.

I know every one likes a good deal when buying something, but should the pound fluctuate/drop quite a bit in the week after the end of october, and that could affect price quite a bit. I wouldn't feel good personally if i paid on the day, knowing the trader would lose money on that sale.

[Aksu]

Hullo,
Just checked from the Finnish customs site what the worst case scenario entails. Cast metal miniatures are a special sub category of toys, and in Finland there is a 4,7 percent tariff on them. So it would be 24% vat and 4,7% tariff, calculated based on the cost of figures and postage.
However, the handy self service tool for declaring and paying for your goods does not have this subcategory and it only offers the "models" main one where tariff is 0%. Go figure...
Anyway, I suppose anyone suffering from severe lack of quality figures will not be put off by this possible change in end price.
Cheers,
Aksu

[Sunray]

Well, i must say that i have my pre determined budget for crisis, like i always do. I write up my list of what i want to get there ( i'm pretty organised on that matter actually, have it all written and counted out already).  I kept a 'spare' amount of that budget for the case extra import fees need to be paid.

I normally pay as much as i can on the day itself, but this time around i made all the payments up front. This means that :

-I know what i spent already
- the traders get a fair price.

I know every one likes a good deal when buying something, but should the pound fluctuate/drop quite a bit in the week after the end of october, and that could affect price quite a bit. I wouldn't feel good personally if i paid on the day, knowing the trader would lose money on that sale.

Peter,

I have a sense you will come out OK.

1.  You bought at a time when the pound was weak. Watch it climb as City confidence and shares recover with the hint of a deal.

2. There is a fair wind gathering behind a Brexit Deal. If Ireland and UK agree, it will be hard for the rest of EU to veto.  How much of an Enhanced Economic zone the North Irish get is another issue- but the deal will be sweet to compensate for the Irish Backstop rebranded.

3.  With a deal, we enter the calmer waters of the "No change transition period" - at least two years- and the Crisis is no longer a crisis for you. Leon and wargamers in general.

James

[Leon]

As I understand it, in the event of a no-deal Brexit, all goods traded between the UK and the EU after 23:00 on 31 October 2019 will be subject to the same requirements as if the UK were a non-EU 3rd Party Country, with which the EU has no trading agreement.  

Found it, the Withdrawal Agreement states that the UK will still be treated as a member state for purposes of the customs union and trade, through a transitional period ending on 31st December 2020.  So there won't be any tariffs or VAT implications on any goods until the beginning of 2021.

Source: https://ec.europa.eu/ireland/news/key-eu-policy-areas/brexit_en

The Withdrawal Agreement ensures a smooth winding-down of current EU-UK arrangements during a transition period that lasts until 31 December 2020. The EU will treat the UK as if it were a Member State during the transition.

The transition period can be extended once by a newly established EU-UK Joint Committee, as long as it decides to do so before 1 July 2020.

During the transition, all EU legislation, rules and court decisions will continue to apply to and in the UK as if it were a Member State.

This means the UK will continue to participate in the EU Customs Union and the Single Market (with all four freedoms) and all Union policies.

Any changes to EU legislation or rules will automatically apply to the UK.

[mollinary]

Of course, all this assumes an agreement, and (I assume, therefore) would not apply if there is a no deal Brexit?

[Leon]

Of course, all this assumes an agreement, and (I assume, therefore) would not apply if there is a no deal Brexit?

If we end up with a no-deal Brexit then everything's up in the air sadly and there's no definitive information anywhere.  There could still be a transitional period agreed in theory and it would seem rather sensible to do so.  I can't see all of the various Customs officials having everything in place to suddenly start dealing with millions of packages overnight so it would be a horrendous strain on those people and services.  I guess we'll find out very soon!

[mollinary]

If we end up with a no-deal Brexit then everything's up in the air sadly and there's no definitive information anywhere.  There could still be a transitional period agreed in theory and it would seem rather sensible to do so.  I can't see all of the various Customs officials having everything in place to suddenly start dealing with millions of packages overnight so it would be a horrendous strain on those people and services.  I guess we'll find out very soon!

Indeed! Fingers crossed.

[John Cook]

Of course, all this assumes an agreement, and (I assume, therefore) would not apply if there is a no deal Brexit?

Indeed it does.  That is why, as I understand it, there is all this talk about WTO terms if there is 'no deal'.  I wonder how history will view all this?

[petercooman]

As an aside, went to mini europa yesterday, and they had a littkle protestor diorama next to the house of parliament



also, never noticed this liitle guy in a boat

[d_Guy]

The House and Holmes, nice. (Notice that you seem to be giving one or both the finger.  )

[petercooman]

The House and Holmes, nice. (Notice that you seem to be giving one or both the finger.  )

Yes poor camera work there 

[FierceKitty]

It has been pointed out that anyone wearing a hat like that in Victorian London would have been pelted in the street. No doubt why his author didn't make him wear it in town.

[FierceKitty]

Taken advantage of the relative currency values to get a Viking army (if only to show Lee what they actually looked like!). Helmetless female rabble against 16th century cavalry armies my toenail!