By Steven Sandford, Director at Davis Grant Since 1 January 2021, the UK tech sector has faced new challenges with regards to digital sales to much of Europe, due to the new trade arrangements with the EU that affect the way VAT is recorded and paid.
“Act now” to keep your business moving overseas
The UK Government has urged businesses to “act now” to keep their business moving overseas in 2021. To help the Government has outlined “six key actions” businesses must take, so we have summarised them below: Goods To continue to import or export goods from the EU, you must get an EORI number, make customs declarations […]
IR35: Businesses are still not prepared for off-payroll working rules
According to a recent study, many UK firms are not adequately prepared for the off-payroll tax rule changes for the private sector to start in April 2021.
UK economy shrinks less than first feared after second national lockdown, economists reveal
The UK economy shrunk less than first feared during the second national lockdown, a major report has revealed.
Understanding the “Rules of Origin”
Businesses exporting to the European Union need to understand how “Rules of Origin” work to benefit from the UK-EU Free Trade Agreement, as many goods and services exported to the EU will remain tariff-free, providing these rules are met. The Rules of Origin establish the country of origin of imported and exported goods and help […]
More than 4,000 businesses join Kickstart programme
More than 4,000 small businesses have used the Government’s Kickstart programme to take on new workers, it has been revealed.
Government extends agricultural visa scheme to fill jobs left by EU workers
The UK Government has tripled the number of workers employers can recruit from overseas to work on UK farms in 2021, it has been revealed. Under the Seasonal Workers Pilot, 30,000 visas are now available to overseas talent seeking agricultural and horticultural work for a period of up to six months. Extending and expanding the […]
The post-Brexit Agreement – what this means for you and your business
There are more than 1,000 pages of the post-Brexit trade agreement under scrutiny at the moment. From the initial review, these are the key points you may wish to consider which may affect you and your business as we start 2021. From 1 January 2021, the process for importing and exporting goods has changed. In […]
COVID-19: enhanced payment plans for Self-Assessment individuals
To help reduce any financial stresses as a result of the pandemic, HM Revenue & Customs (HMRC) has amended the instalment arrangements for paying tax liabilities for Self-Assessment taxpayers – increasing the threshold from £10,000 to £30,000.