ralphmusicJeff, Import duty is levied on landed cost, so the question is does Porsche GB make a profit on sales of new cars? Import VAT will be due but that is recoverable input tax. Ralph
ralphmusicJeff, It is all down to transfer pricing so are they keeping all the retail profit in Germany and attributing no value add on car sales to the UK subsidiary? The AG numbers will be consolidated home and other markets served by subsidiaries. Having designed and successfully defended transfer pricing arrangements within the EU, USA and China/Hong Kong I’ll bet they allow retail profit to arise in the UK therefore landed and dutiable value will not justify attributing a 10% price rise to 10% import duty. It does not mean that they might not do it but I know of orders placed without that 10% warning, not that that means anything given the standard contract wording reserving seller right to increase prices. On currency, they will have purchased at least annual cover for GBP/Euro at a fixed or semi fixed rate, depending on their view and price stability horizon. Maybe they weren't prepared to pay what it would have cost to hedge for the currency changes of every level of Brexit. And don't forget, the EU have just reached a trade deal with Japan so that complete cars can be imported from Japan without duty ... so why continue to manufacture in Europe ? As a final thought, with German PMI around 43% (down from 57% in last 12 months), China starting to favour local car manufacturers, some German suppliers of capital manufacturing going into liquidation, and the high value/margin options typically specified in the UK market, they might want to keep the golden goose a’laying Ralph
ChrisWralphmusicJeff, Import duty is levied on landed cost, so the question is does Porsche GB make a profit on sales of new cars? Import VAT will be due but that is recoverable input tax. RalphAs far as I am aware nobody in the UK can recover vat on cars.The only vehicles where vat is recoverable are commercial vehicles bought by a vat registered entity, or 100% electric cars where there is no private use. Of course this may have changed since I tried to recover the vat on a BMW i3 five years ago !
MotorheadUK Dealership allocations for the 982 GT4 appear to be thin on the ground. From general forum feedback on here and elsewhere my feeling is that it's only about 2 or 3 cars in the initial batch, but I'm probably wrong. Does anyone have any specific information about the number of cars that have been allocated? With the annual shut-down coming to an end in the next few weeks and Cayman production being moved back to Osnabrück I would imagine that the first of the new GT4s could be arriving here in September/October. Jeff
ChrisWAs an aside, at Knockhill with passenger in my car I got into the .58's. Deduct from this time the 1.5 to 2 seconds advantage of PSCups over my Pilot Super Sports (I expected rain) ... and my GT4 in my hands is already faster than the new 718GT4 in Walter Rohl's hands ... and yes I have only been to Knockhill twice.Porsche, let me buy a 718 GT4 RS with PDK and I'll give it try ....But tell me that I'm not a loyal enough Porsche customer, and I'll work to keep my car better than Porsche's without spending too much money whilst keeping it GT3 road compatible --- and quieter.
ralphmusicTransfer pricing is a term used to describe the pricing applied to goods or services traded between related parties domiciled in different tax jurisdictions. I'm not sure what question was posed to HMRC but having implemented a number of arrangements, I am happily still at large.
Andrew_CSChrisWAs an aside, at Knockhill with passenger in my car I got into the .58's. Deduct from this time the 1.5 to 2 seconds advantage of PSCups over my Pilot Super Sports (I expected rain) ... and my GT4 in my hands is already faster than the new 718GT4 in Walter Rohl's hands ... and yes I have only been to Knockhill twice.Porsche, let me buy a 718 GT4 RS with PDK and I'll give it try ....But tell me that I'm not a loyal enough Porsche customer, and I'll work to keep my car better than Porsche's without spending too much money whilst keeping it GT3 road compatible --- and quieter. As a Knockhill spectator yesterday, viewing on the start / finish line and into Dufus (turn 1) ... your car was looking & sounding superb. The note was extremely `linear` and less `harsh` than the other GT4`s, no `popping` either. Keep up the development
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