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Brexit

HMRC Issues Customs EORI Numbers

13th September 2019 | Written by In Accountancy | Categories : Brexit, Business, Client Focus, HMRC, News, Small Business Tips, VAT
HMRC Issues Customs EORI Numbers

In order to try and ensure that businesses are ready to trade post-Brexit, HMRC is automatically enrolling them in the customs system. HMRC has confirmed that more than 88,000 VAT-registered businesses across the UK will be allocated an Economic Operator Registration and Identification (EORI) number in order to enable them to keep trading with customers and suppliers in the EU Read the full article…


DELAYED…Construction Industry – VAT domestic reverse charges

22nd August 2019 | Written by In Accountancy | Categories : Accounts, Brexit, CASH, CIS, Construction Industry, Contractors, Making Tax Digital, News, VAT
DELAYED…Construction Industry – VAT domestic reverse charges

GREAT NEWS – A plan by HMRC to introduce new procedures for paying VAT in the building and construction industry have been postponed for 12 months until 1 October 2020. ORIGINAL ARTICLE FOLLOWS BELOW: More changes are afoot from 1 October 2019 (now delayed until 2020 in the world of accounting for VAT, this time specifically relating to the building and construction Read the full article…


Preparing the Workforce for EU Exit

17th July 2019 | Written by In Accountancy | Categories : Brexit, Budget, Business, local interest, News
Preparing the Workforce for EU Exit

Over two thirds of EU citizens that are currently in the UK are here for work. The government is advising that if these individuals plan to remain living and working in the UK, after it leaves the EU, they can now apply to the EU Settlement Scheme (EUSS). EU, EEA, or Swiss employees, and their family members, can apply to Read the full article…


‘Flexible Extension’ To Article 50

7th June 2019 | Written by In Accountancy | Categories : Brexit, Business, HMRC, local interest, News
‘Flexible Extension’ To Article 50

Business groups, including the British Chambers of Commerce (BCC) and the Confederation of British Industry (CBI), have commented on the six-month ‘flexible’ extension of Article 50, granted to the UK by EU leaders. The extension potentially pushes ‘Brexit Day’, the day when the UK officially leaves the EU, to 31 October 2019. Reacting to the news, the BCC stated that Read the full article…


Delay to Rise in Probate Fees

26th April 2019 | Written by In Accountancy | Categories : Brexit, Budget, Business, Client Focus, HMRC
Delay to Rise in Probate Fees

The government has delayed its planned increase in probate fees indefinitely. The delay has been attributed to ‘pressure on Parliamentary time‘ caused by Brexit debates and votes. The increase in fees had been set to take effect from 1 April 2019, but HMRC recently made the decision to postpone the rise. Under government plans, the proposed probate fees are as follows: Read the full article…


Additional Brexit Advisory Documents for Small Businesses

17th April 2019 | Written by In Accountancy | Categories : Brexit, Business, Client Focus, HMRC, Limited Companies, News
Additional Brexit Advisory Documents for Small Businesses

The government has published additional documents containing advice on Brexit for UK small businesses. According to the government, the information will help business owners to ‘understand how leaving the EU may affect their business’. The advisory documents cover a range of issues, from changes to UK-EU trade following Brexit, to alterations to how businesses send and receive personal data. Amidst Read the full article…


HMRC Advice – Prepare For No Deal

28th March 2019 | Written by In Accountancy | Categories : Brexit, Business, Client Focus, HMRC, HMRC, Limited Companies
HMRC Advice – Prepare For No Deal

HMRC is urging business owners to make sure they are ready for a potential no deal Brexit. Business owners are being urged to prepare now and take steps to ensure their businesses can continue to trade with the EU if the UK leaves the EU without a deal. HMRC advise: Businesses should register for an Economic Operator and Registration Identification Read the full article…


Spring Statement – March 2019 Overview

14th March 2019 | Written by In Accountancy | Categories : Brexit, Budget, Business, Client Focus, HMRC, Miscellaneous, News, Tax
Spring Statement – March 2019 Overview

Introduction When we write these reports on the chancellor’s Budget speeches – and, more latterly, his Spring Statements – we always try and put them in the relevant political and economic context. This year it is impossible not to put the Spring Statement in a political context. On Monday night, the Prime Minister flew to Strasbourg and yet another meeting Read the full article…


Brexit VAT Update

28th February 2019 | Written by In Accountancy | Categories : Accounts, Brexit, Budget, Business, HMRC, Limited Companies, News, VAT
Brexit VAT Update

Brexit VAT Update: While you may be rather bored of Brexit dominating the news at present, we thought it important to try to cut through the noise and give you some really clear bullet points on how a ‘no deal’ Brexit might impact you, particularly relating to your VAT processes if you import and export within the EU. Please note, Read the full article…