(FROM THE EU INTO GREAT BRITAIN) FROM 1 JANUARY 2021 The Government has issued guidance on importing goods from the EU to Great Britain from 1 January 2021. See: https://www.gov.uk/prepare-to-import-to-great-britain-from-january-2021 The process for importing goods from the EU has changed. Businesses in Great Britain need to complete the following actions to continue importing from EU countries…
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…