HMRC issues Customs EORI numbers
Posted on Wednesday, September 4th, 2019
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... Read Full Article...
Strong Customer Authentication
Posted on Wednesday, September 4th, 2019
The Financial Conduct Authority (FCA) has agreed a plan to give the payments and e-commerce industry extra time to implement Strong Customer Authentication (SCA). From 14 September 2019, new European Union (EU) rules apply that impact how... Read Full Article...
UK Investment Support Directory
Posted on Monday, August 19th, 2019
International investors who wish to set up and expand their operations in the UK can now benefit from an online tool launched by the Department for International Trade (DIT). The new tool, termed the UK Investment Support... Read Full Article...
Payment on account confusion
Posted on Monday, August 19th, 2019
Under self assessment taxpayers are required to make payments on account of their tax liabilities. The payment on account instalments consist of two payments on account of equal amounts: the first on 31 January during the tax... Read Full Article...
New measures to ensure small businesses get paid on time
Posted on Monday, August 19th, 2019
The government has announced a package of measures to ensure small businesses get paid on time. Under the proposals large businesses could be fined for failing to pay smaller suppliers on time as part of a robust... Read Full Article...
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Preparing the workforce for EU Exit
Posted on Monday, August 19th, 2019
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... Read Full Article...
Digital Services Tax
Posted on Monday, August 19th, 2019
From April 2020, the government will introduce a new 2% tax on the revenues of search engines, social media platforms and online marketplaces which derive value from UK users. However, this only applies when the group’s worldwide... Read Full Article...
‘Flexible extension’ to Article 50
Posted on Wednesday, May 15th, 2019
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... Read Full Article...
Delay to rise in probate fees
Posted on Thursday, April 4th, 2019
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... Read Full Article...
Update on Structures and Buildings Allowance
Posted on Thursday, April 4th, 2019
Chancellor Philip Hammond delivered the Spring Statement on Wednesday 13 March 2019 amidst all the Brexit debates. In his speech the Chancellor provided an update on the economy and responded to the Office for Budget Responsibility forecasts.... Read Full Article...