closing tag is in template navbar
timefactors watches



TZ-UK Fundraiser
Results 1 to 16 of 16

Thread: Any pre-Brexit EU buying plans?

  1. #1
    Craftsman earlofsodbury's Avatar
    Join Date
    Apr 2019
    Location
    The Flat Stuff, Lincs.
    Posts
    399

    Any pre-Brexit EU buying plans?

    With just 9 weeks to go (E&OE and assuming I haven't blinked and missed yet another delay!), I'm wondering whether to purchase a couple of items I've had my eye on.
    Reason being there is a possibility that Import Duties may start to be applied to goods from the EU once we Brexit.
    It's far from clear what will actually happen, but if we fail to agree on a deal to retain relatively free trade, then import duty is likely to add 10-15% to purchases from the EU, so it could make sense to bring forward any purchases...

    Setting-aside the bearpit-worthy politics, has anyone made plans to buy from the EU while the going's good?

  2. #2
    Master
    Join Date
    Dec 2008
    Location
    Surrey, UK. Odiáxere or somewhere in-between
    Posts
    7,944
    Blog Entries
    19
    No. Why buy from EU when UK has cheaper prices - given the crap pound xchange rate. Maybe buy at the airport at a discounted price, that applies even if you fly outside EU (except for certain brands) so no change there.

  3. #3
    Craftsman earlofsodbury's Avatar
    Join Date
    Apr 2019
    Location
    The Flat Stuff, Lincs.
    Posts
    399
    Quote Originally Posted by MartynJC (UK) View Post
    No. Why buy from EU when UK has cheaper prices
    Depends on the brand I guess - I've rarely found what I want in the UK at the best price, even factoring in buying through dealerships. I've yet to dip a toe into the barmy world of Rolex, Omega etc.

  4. #4
    Master
    Join Date
    Dec 2008
    Location
    Surrey, UK. Odiáxere or somewhere in-between
    Posts
    7,944
    Blog Entries
    19
    Quote Originally Posted by earlofsodbury View Post
    Depends on the brand I guess - I've rarely found what I want in the UK at the best price, even factoring in buying through dealerships. I've yet to dip a toe into the barmy world of Rolex, Omega etc.
    What brands are you interested in? Perhaps we can ‘chat’ about watches rather than Brextit

  5. #5
    Craftsman earlofsodbury's Avatar
    Join Date
    Apr 2019
    Location
    The Flat Stuff, Lincs.
    Posts
    399
    Quote Originally Posted by MartynJC (UK) View Post
    Brextit
    Naughty...

    Quote Originally Posted by MartynJC (UK) View Post
    What brands are you interested in?
    I'm a typical watchnoob - totally random scattergun of Must Have All The Shiny at present.

    I am honestly a little surprised no-one seems to be considering the potential effect of likely cost rises mind. Guess ye're all too rich to give a stuff!

  6. #6
    Grand Master Wallasey Runner's Avatar
    Join Date
    May 2015
    Location
    Merry Old England
    Posts
    10,265
    I thought everything would stay the same until the end of the year, so no rush. Most of my purchases recently have come from the US and Japan, so it doesn't really affect me. I always keep an eye on EU based sales just in case anyone is selling anything that I want.

  7. #7
    Journeyman
    Join Date
    Oct 2018
    Location
    Winchester
    Posts
    173
    I think it is mostly coming the other way at the moment, as a result of GBP being worth comparatively little at the moment. Most of the bites I had on my E46 M3 were from the continent and indeed a chap from Germany is coming to collect it in the next couple of weeks. Having said that, we are probably selling our place in Sweden and SEK has done even worse recently...so that's painful!

  8. #8
    Master Alansmithee's Avatar
    Join Date
    Jul 2013
    Location
    Burscough, UK
    Posts
    6,881
    Quote Originally Posted by earlofsodbury View Post
    With just 9 weeks to go (E&OE and assuming I haven't blinked and missed yet another delay!), I'm wondering whether to purchase a couple of items I've had my eye on.
    Reason being there is a possibility that Import Duties may start to be applied to goods from the EU once we Brexit.
    It's far from clear what will actually happen, but if we fail to agree on a deal to retain relatively free trade, then import duty is likely to add 10-15% to purchases from the EU, so it could make sense to bring forward any purchases...

    Setting-aside the bearpit-worthy politics, has anyone made plans to buy from the EU while the going's good?
    We enter the transition period when we leave so i would expect really nothing at all to change before 2021...

  9. #9
    Journeyman
    Join Date
    Nov 2016
    Location
    Ireland
    Posts
    187
    Quote Originally Posted by Alansmithee View Post
    We enter the transition period when we leave so i would expect really nothing at all to change before 2021...
    My thoughts exactly ....

    Sent from my SM-G950F using Tapatalk

  10. #10
    Craftsman earlofsodbury's Avatar
    Join Date
    Apr 2019
    Location
    The Flat Stuff, Lincs.
    Posts
    399
    Quote Originally Posted by Alansmithee View Post
    We enter the transition period when we leave so i would expect really nothing at all to change before 2021...
    Fair point, I've been assuming our cash-desperate government will implement tax and duty changes ASAP, which is actually a pretty stupid assumption given the traditional inability to interface p*ssup with brewery...

    ---

    Quote Originally Posted by SuperVM View Post
    we are probably selling our place in Sweden and SEK has done even worse recently...so that's painful!
    Ouch, sorry to hear that.

  11. #11
    Craftsman
    Join Date
    Dec 2015
    Location
    swansea uk
    Posts
    587
    I kinda predicted that EU goods would rise by quite a bit for us possibly so I have bought quite a few German goods like watches and boots.

    Seriously hope for a trade deal with the USA that slashes import taxes or gets rid of some of them totally.

  12. #12
    Master ryanb741's Avatar
    Join Date
    Jun 2008
    Location
    London
    Posts
    7,365
    EU sellers would sell to us without VAT anyway and that would be applied upon entry to the UK. In some countries (eg Germany and Italy) VAT is 21% compared to 20% here.

    Most brands are cheaper in UK with the following exceptions;

    Panerai - Germany is cheapest
    Grand Seiko - US is cheapest
    Breguet - Russia is crazy cheap, else Germany and Netherlands for 'safe' countries
    Hublot ' US is cheapest
    Ulysse Nardin - Hong Kong is cheapest
    Chopard - US is cheapest

    Sent from my SM-G950F using Tapatalk

  13. #13
    If it’s a real Brexit, I’ll just buy local by locally owned companies as much as possible from now on, with a small number of imported purchases like cars, motorbikes, and watches.
    It's just a matter of time...

  14. #14
    Craftsman
    Join Date
    Jul 2017
    Location
    Felixstowe, UK
    Posts
    869
    The government has already declared that most goods will be duty free at the end of the transition period. This includes watches. Privately sourced and imported watches from the EU will become subject to VAT at the border so will be 20% more expensive. This assumes that VAT rate does not increase to fill the lost revenue from reduced duty collections. No net change to AD prices arising from Brexit other than potential currency corrections (since a business can reclaim import VAT paid at the end of the current tax month).


    Sent from my iPhone using TZ-UK mobile app

  15. #15
    Master
    Join Date
    Dec 2008
    Location
    Surrey, UK. Odiáxere or somewhere in-between
    Posts
    7,944
    Blog Entries
    19
    Reversing this.

    If I decide to live outside UK, seriously looking at Portugal - I guess this will put an end to buying off TZ then - if I have to add VAT to any import into EU from UK..

  16. #16
    Quote Originally Posted by Alansmithee View Post
    We enter the transition period when we leave so i would expect really nothing at all to change before 2021...
    This
    Andy

    Wanted - Damasko DA38 or DC80 Green - not the black versions. Bell & Ross BR03-92 Nightlum

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Do Not Sell My Personal Information