Buy now or wait brexit ??‍♂️

[Ripping g]

Looking at this but not sure the efect of berxit will have on price ?

 

[R120]

Probably buy now if this article is anything to go buy

Commencal Releases Update on Prices & Timelines Impacted by COVID - Pinkbike

Long lead times for components, skyrocketing transportation costs, and Taiwanese exchange rates are issues facing a lot of companies at the moment.

www.pinkbike.com

 

[Healy]

I would buy now, if you just look at Amazon, prices have gone up big style for items that require import into the uk. Plus canyon, rose and radon have stopped shipping to the uk, who will be next to stop sending kit here.

 

[Doomanic]

You're already too late. If the delivery is after 1st Jan you'll be paying the duty.

 

[Mikerb]

You're already too late. If the delivery is after 1st Jan you'll be paying the duty.

what duty??

 

[Doomanic]

VAT, any import duty due and the handling charge from the courier.

 

[Mikerb]

Import/Export UK to EU or EU to UK requires the same sort of documentation required for export of goods to other countries. That would have been the case whether or not a free trade deal was agreed. UK businesses have been told to prepare for that for months and for businesses that also export beyond the EU it is nothing new. Whether or not a UK or EU business continues trade between the EU and UK seamlessly depends on whether they made the necessary preparations or not. Of course a bit of petty behaviour cannot be ruled out but these are businesses not politicians!!

 

[Doomanic]

Commodity code 8711601000: Bicycles, tricycles and quadricycles, with pedal assistance, with an auxiliary electric motor with a continuous rated power not exceeding 250 watts - UK Integrated Online Tariff - GOV.UK

Bicycles, tricycles and quadricycles, with pedal assistance, with an auxiliary electric motor with a continuous rated power not exceeding 250 watts

www.trade-tariff.service.gov.uk

6% Duty on bicycles.

 

[Doomanic]

We are a third country as of Friday.

Click the link, read and learn.

 

[Mteam]

We are a third country as of Friday.

Click the link, read and learn.

Its the countrywhere the bike is imported from that matters, but in this case Andorra is a 3rd country, so looks like 6%.

Bikes from eu are 0%

 

[Gary]

Dis thread 4 realz?

 

[Doomanic]

My Bad, I assumed Andorra was EU. It has a CU with the EU.

 

[Kernow]

my old meta has been a great bike once the original motor problems were sorted but commencal have lost me as a potential second time buyer .
Three years ago when I bought my meta power they were top value in a market with little choice for an ebike with sorted goemetry .back then they were happy to take payment then delay delivery a number of times , which I guess will still be a problem .
current prices are now massively Above the original models and have now caught up in the ebike race .
hearing of shimano‘s teething problems with the new generation motors I don’t want to repeat the process of returning motors to France , while overcoming language barriers with technical descriptions of faults etc. Commencal were pretty good , but shimano France were not helpful at all .

 

[Doomanic]

I've just re-run it using France and it's still showing 6%

Trade Tariff: look up commodity codes, duty and VAT rates

Search for import and export commodity codes and for tax, duty and licences that apply to your goods.

www.look-up-commodity-code-tariff.service.gov.uk

EDIT: And Germany...

Trade Tariff: look up commodity codes, duty and VAT rates

Search for import and export commodity codes and for tax, duty and licences that apply to your goods.

www.look-up-commodity-code-tariff.service.gov.uk

 

[Mikerb]

VAT, any import duty due and the handling charge from the courier.

VAT is already part of the price of anything bought from the EU and charged at 20%. It is a consumer tax. I doubt most EU sellers will have a VAT agreement with the UK Govt in which case they sell without VAT and the consumer pays the VAT on import ( at the UK rate currently 20%).
It a free trade deal...so no quotas and no tariffs.
Couriers may have additional admin costs which they may add to their delivery charges but it is a competitive market and not a cartel. Those exclusively working within the EU will have additional costs but those that provide services beyond the EU will already have those systems in place.

 

[Mikerb]

I've just re-run it using France and it's still showing 6%

Trade Tariff: look up commodity codes, duty and VAT rates

Search for import and export commodity codes and for tax, duty and licences that apply to your goods.

www.look-up-commodity-code-tariff.service.gov.uk

EDIT: And Germany...

Trade Tariff: look up commodity codes, duty and VAT rates

Search for import and export commodity codes and for tax, duty and licences that apply to your goods.

www.look-up-commodity-code-tariff.service.gov.uk

the deal was only signed late today!! give them a chance!!

 

[Doomanic]

It a free trade deal...so no quotas and no tariffs.

It really isn't.

There is a 6% tariff on bicyles.

Trade Tariff: look up commodity codes, duty and VAT rates

Search for import and export commodity codes and for tax, duty and licences that apply to your goods.

www.look-up-commodity-code-tariff.service.gov.uk

 

[Doomanic]

the deal was only signed late today!! give them a chance!!

To do what? The page I linked to is based on the deal they've just accepted.

 

[Doomanic]

 

[Mteam]

I've just re-run it using France and it's still showing 6%

Trade Tariff: look up commodity codes, duty and VAT rates

Search for import and export commodity codes and for tax, duty and licences that apply to your goods.

www.look-up-commodity-code-tariff.service.gov.uk

EDIT: And Germany...

Trade Tariff: look up commodity codes, duty and VAT rates

Search for import and export commodity codes and for tax, duty and licences that apply to your goods.

www.look-up-commodity-code-tariff.service.gov.uk

Your misreading the page, it's the tarrif preference that applies (0%)for France ,ie the country specific tarrifs, not the standard tarrif,which is 6% for a 3rd country like Andorra.

 

[Mikerb]

.and specifies a 0% tariff providing the goods meet the country of origin criterea. If the product has been imported to the EU from a non EU member state and is being retailed by a EU member state the WTO rate of 6% applies.

 

[Doomanic]

So a bike assembled in Taiwan would have the duty applied?

In fact, given where almost all frames originate, wouldn't that be pretty much every bike from every manufacturer?

 

[steve_sordy]

We are tariff free from all EU countries, as we were before. But there may be trade barriers, like paperwork.

But the way to profit if you feel like a gamble is to wait for Sterling to rise against the Euro and import from that region. Buy in Euros and get the benefit of a stronger pound (or not!). If you are negative about the prospects of Britain and/or don't like to gamble, pay for the bike now in Euros.

 

[Mteam]

So a bike assembled in Taiwan would have the duty applied?

In fact, given where almost all frames originate, wouldn't that be pretty much every bike from every manufacturer?

You need to determine the country of origin rules for bikes to work that one out, I have no idea what they are.

I expect minimal/no change for bike prices beyond currency fluctuations.

 

[steve_sordy]

So a bike assembled in Taiwan would have the duty applied?

In fact, given where almost all frames originate, wouldn't that be pretty much every bike from every manufacturer?

Wherever the bike is made and from wherever the components are purchased, and irrespective of the total costs incurred by the manufacturer the price they sell at is dependent upon what they believe they can charge. They always start off by pricing in the currency of the country they are based in. If they have to sell into a country with a different currency they have to take a risk on what the exchange rate will be at the point of sale (to the retailer or to you). They cannot change the selling prices on a frequent basis, so have to make a decision what exchange rate to use if they are selling in a foreign currency. Sometimes they can get it wrong, in either direction, and suffer as a consequence. There are things they can do to minimise the risk, but these cost money. Their favourite customer is one that pays in the manufacturer's currency. You can take advantage of this by guessing correctly which way Sterling is going to move against the currency of the manufacturer. Do you feel lucky?

 

[Mikerb]

So a bike assembled in Taiwan would have the duty applied?

In fact, given where almost all frames originate, wouldn't that be pretty much every bike from every manufacturer?

The EU tariffs on China refer to cycles ( meaning complete I assume) ,frames, and components. The EU currently prohibits the import of Chinese cycles, but allows import of frames and components under WTO terms.
More worrying than any impact of the UK leaving the EU is the imminent "anti dumping" additional tariff of 48.5% on extruded aluminium from China including bike frames. The situation with respect to Taiwan is complex. Taiwan is not generally considered a sovereign state internationally, and considered to be part of China by the CCP..........the CCP largely prevents Taiwan negotiating separate trade deals.

 

[Sander23]

Bike24 - Online Shop - Cycling, Running, Swimming, Triathlon - Bike parts, Racing Cycles, Mountainbike (MTB), Bike Wear, Sportswear is one of the only sites where the VAT depends on where u live

 

[Shifty]

Buy British

 

[Zimmerframe]

Import/Export UK to EU or EU to UK requires the same sort of documentation required for export of goods to other countries. That would have been the case whether or not a free trade deal was agreed. UK businesses have been told to prepare for that for months and for businesses that also export beyond the EU it is nothing new. Whether or not a UK or EU business continues trade between the EU and UK seamlessly depends on whether they made the necessary preparations or not. Of course a bit of petty behaviour cannot be ruled out but these are businesses not politicians!!

the deal was only signed late today!! give them a chance!!

?

 

[stiv674]

Buy British

If only it was that easy...