Returned Goods Relief: Who, What, Why, When & How
Did you know that exporters and importers can claim a relief which allows them to pay less Customs Duty and VAT when they re-import to the UK? This is thanks to a mechanism created by the UK government. Termed Returned Goods Relief, the mechanism minimises the amount...
The ‘Seismic’ G7 Tax Reforms: Will You Be Affected?
2021 is shaping up to be one of the most important years in a generation when it comes to tax reforms. Not only have we seen worldwide implementation of e-invoicing and the unveiling of the EU VAT Ecommerce Package, last week’s G7 summit saw major reforms to the way...
How The 2021 Budget Announcement Affects You
As you will undoubtedly know, this week saw the announcement of the 2021 Spring Budget. Whilst the measures introduced were not quite as drastic as we were all expecting, there was still a lot to unpack in the Chancellor’s announcement, especially with regards to...
Making Tax Digital: How To Be VAT Compliant
You might be surprised to find out that the UK government loses an estimated £9 billion in tax every year. This clearly indicates the flaws in the current tax collection system and is concerning; not least of all because of how much the UK government have had to...
