As the UK national lockdowns continue, we are pleased that there is some good news for hospitality and other businesses who were closed by the Government in the first lockdown, after the Supreme Court ruled that insurers should pay business interruption claims. In this newsletter, we summarise the findings and provide an update on Brexit…

Apologies for inflicting upon you another one on Import / Export, but the idea is to make your life a little easier if you are in the import/ export business on the basis “forewarned is Forearmed “ Life is now very much more complicated for businesses that need to import or export goods to or…

Most of you will have seen on the TV the chaos on the border with  goods being held up at the customs following  the end of the transmission period , mostly due to incomplete /incorrect / defective  paperwork, below is some helpful advice which will ensure that you avoid unnecessary holdups Specific origin wording  should…

As we end the first week of the new year,  many businesses are gearing up gradually to doing their best to carry on and come to terms with the post Brexit rules , understandably, there are areas of Vat still causing confusion out there to the businesses operating through Europe for example, businesses operating in…

The changes below will be relevant to some businesses involved in import and export businesses following the new HMRC guidance The post Brexit transition period ended on 31 December 2020. HMRC has issued guidance for both Exporting & Importing goods Customs Businesses from 1 January 2021 will need to make decisions on how they export…

With the COVID-19 situation at the forefront and stealing the headlines , there are other matters which business owners  need to think about especially after the Uk’s exit in the new year from the EEC, the below is one area which needed explaining so here is one, I will be writing again and highlighting other…

Finally, one general point on VAT post Brexit, but a very important one VAT on services Post Brexit The VAT rules that determine whether the supply of a service is outside the scope of VAT will change at 12.01 pm on 31 December 2020, as the transition period for the UK leaving the EU comes to an…

There has been a number of changes to the Stamp Duty Land Tax  (SDLT) rules, also given that with various incentives available for limited period, its only right that we visit some of the rules especially relating to Multiple Dwellings, which could result in substantial tax savings Let us assume  a scenario where a client…

When a spouse who has had a  pension scheme and dies before reaching  the age of 75,  the choices for receiving  tax-free funds by the surviving spouse needs to be considered properly and in its entirety. Both Inheritance Tax and Income tax needs to be looked in the context of the surviving spouse’s own circumstances…

When a transfer of a residential property is contemplated into a discretionary trust when the property value at the time is in excess of the Inheritance Tax nil band currently £325,000, serious thought will need to be given before any transfer is undertaken as to the implications of Capital Gains Tax and the availability or not to the…

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