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Booze Cruise
In British slang, a booze cruise is a brief trip from Britain to France or Belgium with the intent of taking advantage of lower prices, and buying personal supplies of (especially) alcohol or tobacco in bulk quantities. This is a legally allowed process not to be confused with smuggling. Background Generally, alcohol and tobacco taxes are lower in France than in Britain. Economically, it makes sense for people to buy their supplies of wine, beer, spirits, and tobacco in bulk in France instead of Britain. There is keen competition between ferry operators and the Channel Tunnel Eurotunnel Shuttle. The day fares to Calais are normally around £60 per vehicle but are sometimes discounted to as little as £10 at off-peak times. Since beer often costs little more than half the English shop price, at worst, the savings defray the cost of a day out. Serving this market has become big business around the major ferry ports of Calais, Boulogne, and Dunkirk in France, and Ostend in Belgi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Normandy '10- Booze Cruise @ Englesqueville La Percee (4824879876)
Normandy (; french: link=no, Normandie ; nrf, Normaundie, Nouormandie ; from Old French , plural of ''Normant'', originally from the word for "northman" in several Scandinavian languages) is a geographical and cultural region in Northwestern Europe, roughly coextensive with the historical Duchy of Normandy. Normandy comprises mainland Normandy (a part of France) and the Channel Islands (mostly the British Crown Dependencies). It covers . Its population is 3,499,280. The inhabitants of Normandy are known as Normans, and the region is the historic homeland of the Norman language. Large settlements include Rouen, Caen, Le Havre and Cherbourg. The cultural region of Normandy is roughly similar to the historical Duchy of Normandy, which includes small areas now part of the departments of Mayenne and Sarthe. The Channel Islands (French: ''Îles Anglo-Normandes'') are also historically part of Normandy; they cover and comprise two bailiwicks: Guernsey and Jersey, which are British ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brittany
Brittany (; french: link=no, Bretagne ; br, Breizh, or ; Gallo language, Gallo: ''Bertaèyn'' ) is a peninsula, Historical region, historical country and cultural area in the west of modern France, covering the western part of what was known as Armorica during the period of Roman occupation. It became an Kingdom of Brittany, independent kingdom and then a Duchy of Brittany, duchy before being Union of Brittany and France, united with the Kingdom of France in 1532 as a provinces of France, province governed as a separate nation under the crown. Brittany has also been referred to as Little Britain (as opposed to Great Britain, with which it shares an etymology). It is bordered by the English Channel to the north, Normandy to the northeast, eastern Pays de la Loire to the southeast, the Bay of Biscay to the south, and the Celtic Sea and the Atlantic Ocean to the west. Its land area is 34,023 km2 . Brittany is the site of some of the world's oldest standing architecture, ho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Avoidance
Tax avoidance is the legal usage of the tax regime in a single territory to one's own advantage to reduce the amount of tax that is payable by means that are within the law. A tax shelter is one type of tax avoidance, and tax havens are jurisdictions that facilitate reduced taxes. Tax avoidance should not be confused with tax evasion, which is illegal. Forms of tax avoidance that use legal tax laws in ways not necessarily intended by the government are often criticized in the court of public opinion and by journalists. Many corporations and businesses that take part in the practice experience a backlash from their active customers or online. Conversely, benefiting from tax laws in ways that were intended by governments is sometimes referred to as tax planning. The World Bank's World Development Report 2019 on the future of work supports increased government efforts to curb tax avoidance as part of a new social contract focused on human capital investments and expanded social p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parallel Import
A parallel import is a non-counterfeit product imported from another country without the permission of the intellectual property owner. Parallel imports are often referred to as grey product and are implicated in issues of international trade, and intellectual property. Parallel importing is based on concept of exhaustion of intellectual property rights; according to this concept, when the product is first launched on the market in a particular jurisdiction, parallel importation is authorized to all residents in the state in question. Some countries allow it but others do not. Parallel importing of pharmaceuticals reduces price of pharmaceuticals by introducing competition; TRIPS agreement in Article 6 states that this practice cannot be challenged under the WTO dispute settlement system and so is effectively a matter of national discretion. The practice of parallel importing is often advocated in the case of software, music, printed texts and electronic products, and occurs fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Border Trade
Border trade, in general, refers to the flow of goods and services across the border between different jurisdictions. In this sense, border trade is a part of the normal trade that flows through the ordinary export/import legal and logistical frameworks of nations and smaller jurisdictions. However border trade specifically refers to the ''increase'' in trade in areas where crossing borders is relatively easy and where products are significantly less expensive on one side of the border than the other often because of significant variations in taxation levels on goods. Common items involved in border trade include alcohol, tobacco, medication, recreational drugs, automobiles, automotive fuel, groceries, furniture and clothing. As well as border trade across land or sea borders, air travel with a low-cost carrier can be worthwhile for an international trip for the same purpose, although baggage restrictions can limit the effective savings to those for small high-value goods. Where b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rip-off Britain
Rip-off Britain is an expression used by some to refer to the phenomenon in which some products and services cost significantly more in the United Kingdom than in other countries, especially member states of the European Union and the United States, than a basic currency conversion would permit. Origin In 1999, the Consumers' Association hired a stand at the British International Motor Show, only revealing on press day its true purpose in doing so—to highlight high British car prices. The organizers of the show, the Society of Motor Manufacturers and Traders, decided not to fan the media flames by ejecting the Consumers' Association. By this point, the phrase had already taken hold in the mass media, and it became a term in frequent use to describe anything that was wrong with Britain. It also proved to be one of the elements leading to a tipping point in the harmonisation of car prices within the EU. The campaign was devised by UK advertising agency Claydon Heeley, who are k ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Offshore Off-licence
The offshore off-licence is the name coined by the media to describe a 2004 venture to bring "tax- and duty-free" alcohol and cigarettes to Teesside, England, by selling the imported goods from a boat anchored just outside the UK's 12-mile limit. Two businessmen, Phil Berriman and Trevor Lyons, a maritime law expert, used the latter's 72-foot staysail schooner ''Rich Harvest'' to transport large quantities of cigarettes and spirits from Heligoland (a tiny island in the German Bight, off Jutland, which is outside the EU VAT area) to Hartlepool. The vessel was anchored a little more than 12 miles offshore, and people from Hartlepool came out in private boats to buy the untaxed goods. Customers would then ostensibly be allowed to bring their purchases into the UK using their duty-free allowance. After a storm, the ''Rich Harvest'' put into port, flying the yellow Q flag to notify HM Customs & Excise (now HM Revenue & Customs) officers that dutiable goods were aboard. Custom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Guardian
''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. Since 2018, the paper's main news ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HM Revenue And Customs
HM Revenue and Customs (His Majesty's Revenue and Customs, or HMRC) is a non-ministerial government department, non-ministerial Departments of the United Kingdom Government, department of the His Majesty's Government, UK Government responsible for the tax collection, collection of Taxation in the United Kingdom, taxes, the payment of some forms of Welfare state in the United Kingdom, state support, the administration of other regulatory Regime#Politics, regimes including the national minimum wage and the issuance of national insurance numbers. HMRC was formed by the merger of the Inland Revenue and HM Customs and Excise, which took effect on 18 April 2005. The department's logo is the St Edward's Crown enclosed within a circle. Prior to the Elizabeth II, Queen's death on 8 September 2022, the department was known as ''Her'' Majesty's Revenue and Customs and has since been amended to reflect the change of monarch. Departmental responsibilities The department is responsible for the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Diminishing Returns
In economics, diminishing returns are the decrease in marginal (incremental) output of a production process as the amount of a single factor of production is incrementally increased, holding all other factors of production equal ( ceteris paribus). The law of diminishing returns (also known as the law of diminishing marginal productivity) states that in productive processes, increasing a factor of production by one unit, while holding all other production factors constant, will at some point return a lower unit of output per incremental unit of input. The law of diminishing returns does not cause a decrease in overall production capabilities, rather it defines a point on a production curve whereby producing an additional unit of output will result in a loss and is known as negative returns. Under diminishing returns, output remains positive, however productivity and efficiency decrease. The modern understanding of the law adds the dimension of holding other outputs equal, since ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Day-tripper
A day trip is a visit to a tourist destination or visitor attraction from a person's home, hotel, or hostel in the morning, returning to the same lodging in the evening. The day trip is a form of recreational travel and leisure to a location that is close enough to make a round-trip within a day but does not require an overnight stay. The logistics and/or costs of spending nights on the road are worth avoiding. Such travel of using one location as a homebase is popular with budget and active travelers to avoid finding new lodging at each destination. A caregiver may take a day trip from their home to return to their children or pets. History In medieval times a destination for such a trip would be religious (to a nearby shrine) or commercial (for example, to a seasonal fair). Later, in England, visits to stately homes by those who regarded themselves middle class became frequent, and it was the tradition to reward the butler or housekeeper with a tip (gratuity) for providing ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brexit
Brexit (; a portmanteau of "British exit") was the withdrawal of the United Kingdom (UK) from the European Union (EU) at 23:00 GMT on 31 January 2020 (00:00 1 February 2020 CET).The UK also left the European Atomic Energy Community (EAEC or Euratom). The UK is the only sovereign country to have left the EU or the EC. Greenland left the EC (but became an OTC) on 1 February 1985. The UK had been a member state of the EU or its predecessor the European Communities (EC), sometimes of both at the same time, since 1 January 1973. Following Brexit, EU law and the Court of Justice of the European Union no longer have primacy over British laws, except in select areas in relation to Northern Ireland. The European Union (Withdrawal) Act 2018 retains relevant EU law as domestic law, which the UK can now amend or repeal. Under the terms of the Brexit withdrawal agreement, Northern Ireland continues to participate in the European Single Market in relation to goods, and to be a member o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
