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Message:: [QUOTE="robp, post: 5198194, member: 96746"]Assuming we leave with no deal, then imports of coins will attract 5% import VAT just as they do now for items from US or any other country outside the EU. That will not have much effect in my position as I already factor this in when buying. For countries within the EU, they will have their own individual rates for imports as the imposition of duties and taxes is not a universal number. e.g. the UK has always had 0% VAT on books, whereas other countries impose VAT on books. For products that have VAT on them, an export from the UK will be VAT exempt, just as it currently is to all non-EU destinations, with local taxes imposed on arrival. Previously it was necessary to charge VAT on supplies to another EU country with VAT deemed paid in full at source and accounted for in your VAT return. Export purchases could therefore potentially be cheaper for the buyer once the VAT element is removed, but VAT will still be charged further down the line. It's really an accounting issue and should only have a marginal financial effect. I just wish they would get on with it, so we can get on with our respective lives. The world won't end with no deal.[/QUOTE]