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What The New EU Ecommerce VAT Package Will Mean For You
The New EU Ecommerce VAT package is slowly approaching. The package was originally due to take effect on January 1st 2021, but was pushed back to July 1st 2021 in order to give businesses more time to prepare, especially in light of the coronavirus. This article will...
The ‘How To Guide’ Of Exporting Post-Brexit
Following on from our Brexit Import Guide (which you can find here) this is our how-to guide for exporting from the UK post-Brexit. As you will know, the UK is now out of the EU VAT regime and customs union from 1 January 2021 following the Brexit transition period....
The ‘How To Guide’ Of Importing Post-Brexit
Post-Brexit, importing goods is perhaps one of the most difficult challenges facing UK businesses. Whilst, on the surface, the zero-tariff agreement seemed to offer an easy solution to this issue, upon closer inspection it has become apparent that this agreement has...
The Self-Employment Income Support Scheme Deadline Is Approaching, Get Your Applications In Quick!
At the beginning of the pandemic, it seemed as though the government had forgotten about the self-employed as they were offered little to know support. This led to a lot of panic for the self-employed and sole-traders since, in many cases, they had no access to...
Daily News Round Up January 11th-15th
Daily News 11th January 2021 Business News: Exporters Given 12 Month Grace Period On Rules Of Origin British exporters to the EU will not have to submit rules of origin declarations for 12 months as part of a grace period agreed by the UK and Brussels. Whilst...
Government To Give £4.6bn More Support To Businesses
The last few months have been the hardest many businesses have ever had to endure. The constant lockdowns have meant many businesses have been forced to close, and due to the subsequent lack of revenue, many will never reopen. In an attempt to save as many companies...
HMRC Finally Gives Clarification On Services Post-Brexit: Here’s What You Need To Know
Regular readers of this blog, or those who are closely following the communications of the HMRC, will be aware that there has been a lot of uncertainty around how one might account for VAT on services after Brexit. Whilst we did a previous article that speculated how...
Working From Home? The Tax Relief Scheme That Could Save You £100s.
In October of last year, the government introduced a new tax relief scheme for those who were being forced to work at home due to the coronavirus in the hope of alleviating some of the added financial costs the individual would incur on their bills (electricity and...
The UK Trader Scheme: The Latest HMRC Scheme That Has Gone Under The Radar
The Brexit transition period comes to an end on January 1st 2021. As regular readers of this blog will know, Northern Ireland will enjoy the dual-status of being part of both the UK customs regime and the EU’s. This means that tariffs will only be in place on goods...
VAT Representatives Explained
From 2018, the HMRC began to gradually implement the joint and several liability policy of a VAT representative, and strengthened VAT collection efforts and measures to overseas online selling traders. Recently, some sellers have received inquiries about "appointing...
