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    Iron Heart Fall/Winter 2025 Collection Preview - Now Live

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    • T4920T
      T4920
      見習いボス
      Joined:

      On the subject of Brexit, from an IH business point of view, what was the biggest ramification that came about as a result of it?
      And if any, what were the positives?

      @Giles @Alex

      “𝑁𝑒𝑣𝑒𝑟 𝑙𝑒𝑡 𝑡ℎ𝑒 𝑓𝑢𝑡𝑢𝑟𝑒 𝑑𝑖𝑠𝑡𝑢𝑟𝑏 𝑦𝑜𝑢. 𝑌𝑜𝑢 𝑤𝑖𝑙𝑙 𝑚𝑒𝑒𝑡 𝑖𝑡, 𝑖𝑓 𝑦𝑜𝑢 ℎ𝑎𝑣𝑒 𝑡𝑜, 𝑤𝑖𝑡ℎ 𝑡ℎ𝑒 𝑠𝑎𝑚𝑒 𝑤𝑒𝑎𝑝𝑜𝑛𝑠 𝑜𝑓 𝑟𝑒𝑎𝑠𝑜𝑛 𝑤ℎ𝑖𝑐ℎ 𝑡𝑜𝑑𝑎𝑦 𝑎𝑟𝑚 𝑦𝑜𝑢 𝑎𝑔𝑎𝑖𝑛𝑠𝑡 𝑡ℎ𝑒 𝑝𝑟𝑒𝑠𝑒𝑛𝑡.”

      last edited by 1 Reply Last reply Reply Quote 1
      • GilesG
        Giles
        IHUK Crew
        Joined:

        Overnight, we did not just ship a package to The EU, we had to export it. So although there is a free trade agreement between The EU and Japan and a similar one between The UK and Japan, all non-UK-produced goods attract 12% duty, so upon entry into The EU, our shipments were subject to duty and also VAT on the sum of the declared price plus the duty. So we either shipped to EU and let the customer deal with that shit (something they had not had to do before) or ship and pay the duty and the tax ourselves, in both cases with the high probability that the shipping company would also charge us, or the customer additional "handling" fees. We elected to do the latter and shield the customer from the grief. Then if a customer needs to return the goods, there is no sensible way that we can claim a refund for the tax, the duty or additional fees. The single worst example being a customer who ordered 2 pairs of Wesco boots and returned both pairs - revenue zero, cost of sale €500.

        No positives at all.

        "OK face up to it - you're useless but generally pretty honest and straightforward . . . it's a rare combination of qualities that I have come to admire in you" - Geo 2011

        last edited by T4920T 1 Reply Last reply Reply Quote 2
        • T4920T
          T4920
          見習いボス
          @Giles
          Joined:

          @Giles that sounds awful!
          I assume that's how/why IH Germany came about, to serve the EU market whilst circumnavigating these export fees?

          “𝑁𝑒𝑣𝑒𝑟 𝑙𝑒𝑡 𝑡ℎ𝑒 𝑓𝑢𝑡𝑢𝑟𝑒 𝑑𝑖𝑠𝑡𝑢𝑟𝑏 𝑦𝑜𝑢. 𝑌𝑜𝑢 𝑤𝑖𝑙𝑙 𝑚𝑒𝑒𝑡 𝑖𝑡, 𝑖𝑓 𝑦𝑜𝑢 ℎ𝑎𝑣𝑒 𝑡𝑜, 𝑤𝑖𝑡ℎ 𝑡ℎ𝑒 𝑠𝑎𝑚𝑒 𝑤𝑒𝑎𝑝𝑜𝑛𝑠 𝑜𝑓 𝑟𝑒𝑎𝑠𝑜𝑛 𝑤ℎ𝑖𝑐ℎ 𝑡𝑜𝑑𝑎𝑦 𝑎𝑟𝑚 𝑦𝑜𝑢 𝑎𝑔𝑎𝑖𝑛𝑠𝑡 𝑡ℎ𝑒 𝑝𝑟𝑒𝑠𝑒𝑛𝑡.”

          last edited by 1 Reply Last reply Reply Quote 0
          • GilesG
            Giles
            IHUK Crew
            Joined:

            In part yes.

            "OK face up to it - you're useless but generally pretty honest and straightforward . . . it's a rare combination of qualities that I have come to admire in you" - Geo 2011

            last edited by 1 Reply Last reply Reply Quote 2
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