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The Federation of European Independent Financial Advisers

width=300Plans have been released by Brussels to introduce a travel tax on post-Brexit UK travellers. British people will no longer be able to travel freely to Europe without paying a travel tax and being forced to fill out a form under plans unveiled by Brussels.

The US-style visa waiver scheme is one of the first concrete signs UK citizens will not be permitted the privileges they once had, to move across European borders unhindered.

The EU Commission said the system of security checks is necessary to prevent terrorists entering the open-borders area, but UK Brexit critics warned it is further evidence of the hidden cost of quitting the Union.  Under the system, countries from outside the EU which do not require a full visa to travel to the bloc, will now pay a five Euro fee and must complete an online form.  The EU\’s security commissioner has attempted to justify the charge by saying that it is an anti-terrorism measure. What is not clear is what effect this will have on ex-pats travelling back and forth to the UK.

MPs have latched on to the potential charge as another hidden cost of Brexit and an example of how Brits could be disadvantaged compared to other EU residents.  Citing the move as a hidden tax and extra paperwork adding to the impact of the poor exchange rate on British travellers.  The proposals were to be discussed last Friday and the Home Secretary is seeking clarity on how Brits can continue to enjoy free and easy travel within the EU.

This appears to be another piece of evidence of the negative effect of leaving the EU for UK people in Spain. The adverse exchange rate prompted by the Brexit vote is still causing hardship amongst ex-pats coupled with the appalling returns on savings.

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​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​The above was kindly provided by Wayne Martin​, International Financial Adviser, Costa Blanca – Spain from the Blacktower Financial Management Group​ and originally posted at: ​​​​​esidents​​​​​​​​​​​​​​​​​