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OPINION: Taxing Times

OPINION: Taxing Times
watchpro.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from watchpro.com Daily Mail and Mail on Sunday newspapers.

CORDER S COLUMN: Axing VAT Rebates And The Margin Scheme Are Slowly Strangling UK s Ultra Luxury Watch Market

CORDER S COLUMN: Axing VAT Rebates And The Margin Scheme Are Slowly Strangling UK s Ultra Luxury Watch Market
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20 Years 100 Watches, and Counting

20 Years. 100 Watches, and Counting. The British watchmaker Roger W. Smith considers the future. Roger W. Smith in his workshop on the Isle of Man, in Britain. The waiting time for a new R.W. Smith watch is now five years.Credit.Stephen Daniels By Simon De Burton April 6, 2021 Rolex does not release its production figures, but those who have tried to calculate them say they believe that the big beast of Swiss horology churns out at least 800,000 units annually from its Geneva headquarters. Divided by 365 days, that equates to an average of 2,191 watches every 24 hours. About 900 miles away on the Isle of Man, a relative dot that the local ferry service says is just 33 miles long by 13 miles wide in the Irish Sea, the independent maker Roger W. Smith hopes this year to celebrate his 20 years in business during which time he has completed precisely 100 watches.

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