News
Brexit trade deal negotiations continue as businesses warned to prepare for a ‘no deal’ scenario
14 December 2020
Sunday’s deadline for reaching a post-Brexit trade deal between the UK and EU came and went as both sides committed to continue negotiating ahead of the end of the Brexit transition period at 11pm UK time on 31 December 2020. The decision to keep negotiations open appears to have been driven by progress on tariffs, suggesting a deal...
Read more...
VAT under the Northern Ireland Protocol
10 December 2020
Under the newly agreed Northern Ireland Protocol, the Value Added Tax Act (1994) will be amended so that Northern Ireland maintains alignment with the EU VAT rules for goods. This means that the rules for intra-EU movements of goods that currently apply, will continue to apply after the end of the transition period on...
Read more...
Northern Ireland customs duty arrangements confirmed
10 December 2020
The Government has confirmed further details of the customs duty arrangements that will apply to Northern Ireland with the publication of the Taxation (Post-transition Period) Bill. The Bill enacts several of the arrangements contained in the Northern Ireland Protocol, a critical element of the Withdrawal Agreement that...
Read more...
Government launches new export finance guarantee scheme
10 December 2020
The Government has launched a new export finance guarantee scheme, targeted at SME exporters. The General Export Facility scheme will provide an 80 per cent Government guarantee on financial support of up to “around £25 million” from lenders to support the general costs of exporting.
Read more...
How can your business prepare for customs and VAT after Brexit?
10 December 2020
We are now less than one month away until the UK officially leaves the European Union. For businesses, this means new processes, protocols and procedures. In this blog, we are going to explore how your business can approach just two of these issues: customs and VAT. Here’s what you need to know.
Read more...
UK launches points-based post-Brexit immigration system
04 December 2020
The UK’s new points-based immigration is now live to help businesses as they prepare for the end of the Brexit transition period on 31 December 2020. The new system outlines who can work in the UK once the free movement agreement with the EU ends on 1 January 2021. There are several new Immigration categories under the new...
Read more...
Business Secretary writes to professional services sector ahead of end of Brexit transition period
04 December 2020
The Business Secretary has written to the professional and business services sector warning them about the actions they need to take to prepare for the end of the Brexit transition period. With just a month to go, the letter, titled Are You Ready For New Rules For Business With The EU, sets out the key steps businesses in industries...
Read more...
HMRC updates Statutory Residence Test due to COVID-19
04 December 2020
New guidance has been issued by HM Revenue & Customs (HMRC) which alters how the Statutory Residence Test (SRT) for tax will operate as a result of the COVID-19 pandemic. The latest COVID-19 guidance is likely to affect taxpayers’ ability to move freely into and out of the UK, which could affect their status under the SRT.
Read more...
Scammers are targeting Self-Assessment taxpayers, says HMRC
03 December 2020
HM Revenue & Customs (HMRC) is calling on Self-Assessment taxpayers to keep a look out for scammers posing as the tax authority. HMRC has said that scammers are using calls, emails and texts to contact individuals in the run-up to the tax return deadline on 31 January 2021. During the last year, HMRC responded to more than...
Read more...
Eat Out to Help Out compliance checks underway
03 December 2020
More than 84,700 food and drink establishments took part in the Eat Out to Help Out (EOTHO) scheme, according to the Treasury’s latest figures. This resulted in 130,000 claims at the end of the scheme and is estimated to have cost the Treasury around £522 million. The claims system was set up quickly by HM Revenue & Customs (HMRC)...
Read more...
Case Studies
-
A modern approach required for music moguls
-
Smiles all round for dental practice
-
Customer care is top of the list for packaging business
-
A taste for growth, a thirst for knowledge
-
Cut above the rest in personal management style
-
Child's play with proactive accounts management
-
Taxing demands with old school charm
-
Sometimes a business does exactly as it says on the tin
-
A shared passion for architecture and a head for numbers