Hubs for Business? UK Freeport Exporters Will Be Slapped With Duties Under Post-Brexit Deal
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Sputnik International
https://sputniknews.com/uk/202105101082846760-hubs-for-business-uk-freeport-exporters-will-be-slapped-with-duties-under-post-brexit-deal/
In March, Prime Minister Boris Johnson and Chancellor Rishi Sunak said that eight new English freeport areas, including those in Liverpool and Plymouth, will be a transformational benefit of Brexit.
The UK government has admitted that manufacturers in English freeports will be unable to benefit from the low tax rates if they export to certain countries including Canada and Norway.
A freeport is a special kind of port, where goods that arrive from abroad are not subject to tariffs, including VA or excise duties normally paid by companies to the government.
With the sleaze row widening, billionaire businessman Sir James Dyson has proved an irresistible target to Labour MPs.
He’s a Brexiteer who moved the HQ of his business to Singapore and has long been thought to be a Tory, so Labour MPs queued up to attack his controversial exchange of text messages with Boris Johnson.
In the texts, the PM reassured Sir James that his staff would not have to pay extra tax if they came to Britain from his Singapore base to work on ventilator production at the start of the pandemic.
With the sleaze row widening, billionaire businessman Sir James Dyson has proved an irresistible target to Labour MPs
Post-Brexit ads don t mention B word once as ministers blow £15m on campaign
The campaign includes dozens of adverts for TV, radio and online which failed to mention Brexit a single time.
04:30, 2 JAN 2021
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