While the UK officially left the European Union on 1 January 2021, the planning and preparations do not stop there. Ahead of the new tax year, we look at the key dates and rule changes your business needs to know about. March 2021: the Brexit Recovery Fund opens for applications Launching this week, the Brexit […]
SME Brexit Support Fund goes live
The Government has now launched its £20 million SME Brexit Support Fund – apply today! The SME Brexit Support Fund has been designed to help SMEs with the new rules that apply to trading with the EU following the end of the Brexit transition period. The fund offers grants worth up to £2,000 to enable businesses who […]
Reporting under DAC 6 required for “limited time” as HMRC transitions to international disclosure rules
HM Revenue & Customs (HMRC) has confirmed that the UK will replace the European Union cross-border tax arrangement rules “as soon as practicable”, but some aspects will continue to be enforced for a “limited time”. In an update to agents, the regulator said it will consult on and implement the Organisation for Economic Co-operation and […]
Keep your supply chain strong with three top tips
With manufacturing slowing and anxiety growing, reinforcing your supply chain post-Brexit has never been more important. Many different factors can affect a supply chain, not least the complications created by the new customs and trade arrangements. Here are our three top tips to keeping your business moving post-Brexit and beyond. Know your business inside out […]
Commodity codes, explained
If you move goods to or from anywhere in the world, you will need to use a commodity code to classify your consignment. Here’s what you need to know. What is a commodity code? The UK now uses a standardised set of codes, borrowed from the World Trade Organisation (WTO) “Harmonised System”, to classify goods. […]
EU VAT One-Stop-Shop to launch in July 2021
The European Commission, in response to the challenges created by the Coronavirus pandemic, has decided to postpone its new European VAT rules for business-to-consumer (B2C) transactions until 1 July 2021. These new rules are part of the EU’s new e-commerce package and will look to introduce a VAT One-Stop-Shop (OSS) for B2C sales. Originally due […]
The SME Brexit Support Fund: how do I apply and how much could I get?
The SME Brexit Support Fund will open to applications imminently. To help your business secure vital support, here’s everything you need to know. What is the SME Brexit Support Fund? Announced this month, the £20 million fund is designed to help small and medium-sized enterprises with changes to trade rules with the EU, such as […]
£2,000 grants for Brexit-related training or professional advice announced
The Government has announced the launch of a £20 million SME Brexit Support Fund, intended to help SMEs with the new rules that apply to trading with the EU following the end of the Brexit transition period. The fund offers grants worth up to £2,000 to enable businesses who trade only with the EU and […]
What you need to know about the end of the Northern Ireland grace period
It was today revealed that the European Commission is unlikely to accept the Government’s proposition of a two-year extension to the Northern Ireland grace period. With reports suggesting that the Union will consider a three-to-six-month extension at best, what does this mean for businesses transporting goods into Northern Ireland? What is the Northern Ireland grace […]