New State Aid rules will eliminate red tape and give British businesses greater access to financial support, the Government has revealed. The report comes after the Subsidy Control Bill was introduced to Parliament on 30 June 2021. According to the Department for Business, Energy & Industrial Strategy (BEIS), the new laws will replace the EU’s […]
UK and Spain set to review Gibraltar tax residency agreement
The UK and Spain are set to review how residents and companies based in Gibraltar are treated for tax purposes in a bid to tackle tax avoidance, it has been announced. It comes after the Joint Coordinating Committee and Liaison Body met last month to discuss tax co-operation between the authorities of Spain and Gibraltar, […]
Less than one month left to apply to SME Brexit Support Fund, businesses reminded
There is less than one month remaining to claim grant funding through the SME Brexit Support Fund, businesses have been reminded. The initiative – which helps new and established businesses adapt to post-Brexit importing and exporting processes – will close to new applications on 30 June 2021. If you need help trading overseas, here’s what […]
Just one month left to apply to EU Settlement Scheme: what employers need to know
EU workers have just one month left to apply to the EU Settlement Scheme to secure the right to live and work in the UK. If you employ EU nationals, here’s what you need to know. What is the EU Settlement Scheme? European Union, European Economic Area (EEA), and Swiss citizens who lived and/or worked […]
How will the EU’s Import One-Stop Shop impact traders in the UK?
The Import One-Stop Shop (IOSS) is set to come into force this summer under sweeping changes to EU VAT law. If your business supplies goods to consumers in the single market, this is what you need to know. What is the Import One-Stop Shop? The IOSS is a new electronic portal that can be used […]
UK to roll out independent tariff suspension scheme
Tariffs on some imported goods will be partially or wholly suspended to help UK firms become “more globally competitive”, it has been revealed. The new scheme, announced this week by the Department for International Trade (DIT), will allow companies to ask for duties to be withdrawn for a set period – effectively lowering overall production […]
What you need to know about the new EU VAT e-commerce rules
The new European Union cross-border VAT e-commerce rules are set to come into force on 1 July 2021. If you move or supply goods to the EU or Northern Ireland, here’s what you need to know. What are the new e-commerce rules? The new regulations are designed to make life “simpler and fairer” for traders. […]
What are Freeports and how do they help businesses?
Eight new Freeports will create hubs for trade and help “regenerate” communities across Britain, the Queen’s Speech 2021 has confirmed. But what are Freeports? And how could they help your business? In this blog, we’ve covered everything you need to know about Freeports. What are Freeports? Freeports are trading hubs usually built around shipping ports […]
New advice on EU imports customs declarations
New Government advice will help traders submit customs import declarations for non-controlled goods imported from the EU, it has been announced. The report comes after HM Revenue & Customs (HMRC) wrote to more than 200,000 businesses reminding them of their new tax and customs obligations now that the UK has officially left the EU. According […]