How To Prepare For The New Customs Control Rules
The HMRC announced last week that it would be contacting over 160,000 businesses to inform them of the steps they need to take before the beginning of 2022 to ensure that they can continue to trade with the EU. Those of you who kept up with the debacle following...
HMRC Trade Tariff Tool For Your Commodity Code
When it comes to importing or exporting to and from the UK, commodity codes are a vital component of the process. These codes help to categorise goods and give sellers vital information about them, such as whether you need a license to sell those goods and also how...
The Flat Rate Scheme (FRS) & Online Marketplaces
Whilst the changes to the way VAT is collected on sales for sellers on online marketplaces has been met with mostly positive reviews, one area of contention has been how the Flat Rate Scheme fits in to this. We have received many questions such as: As an overseas...
VAT Returns: More Penalties For Failing To Use MTD
Making Tax Digital is one of the most ambitious tax initiatives attempted by the government. By April of next year, almost all business are expected to have integrated some form of digital tax reporting software into their processes. Presently, only businesses who...
