HMRC Announces Customs Training and IT Grants Scheme

Once Britain leaves the EU businesses will need to apply the same customs rules to goods as they would for those imported or exported from or to the rest of the world. HMRC has added an additional £16 million to its grants scheme which supports businesses with the training and IT costs associated with changes...

UK ‘No Deal’ Brexit Planning Checklist

A law stopping the UK from crashing out of the EU with ‘no deal’ has been given Royal Assent. However, considering the level of chaos and uncertainty surround Brexit we still would like to share our UK ‘No Deal’ Brexit Planning Checklist as the information it contains may still be useful. Businesses that buy and...

The Spring Statement 2019

Amidst all the Brexit debates, the Chancellor Philip Hammond presented his second Spring Statement on Wednesday 13 March 2019. In his speech the Chancellor provided an update on the economy and responded to the Office for Budget Responsibility forecasts. In addition he launched consultations on various aspects of the tax system together with updates on...

BREXIT UNCERTAINTY FOR BUSINESSES

  Due to Brexit, 2019 looks set to be a year filled with uncertainty for businesses. The future is always unknown but this year managers will need to navigate some particularly choppy waters due to market uncertainty and global political turmoil.   Focus on what you can control As a manager you can always control...

NO DEAL BREXIT – WHAT ABOUT VAT?

NO DEAL BREXIT, CUSTOMS AND VAT The Government and HMRC have updated its collection of high-level guides called “partnership packs”. These will help import/export prepare for changes to customs procedures if there’s a “no deal” scenario. If we exit without a deal, UK businesses will have to apply customs, excise and VAT procedures to goods traded...

The Autumn Budget 2018

The Chancellor Philip Hammond presented his second Autumn Budget 2018 on Monday 29 October. In his speech he stated that ‘austerity is coming to an end – but discipline will remain’. He also promised a ‘double deal dividend’ if the Brexit negotiations are successful but stated that there may be a full-scale Spring Budget in...

Implications of a Hung Parliament

The result of the General Election has left Theresa May and the Conservative Party clinging on to power with support from the Democratic Unionist Party (DUP) in Northern Ireland. This leads to a period of significant uncertainty for the country as the BREXIT negotiations are just about to start.   Following the General Election there...

BREXIT – WHAT ARE THE TAX IMPLICATIONS?

  One of the main reasons that individuals voted “leave” was to restore fiscal sovereignty to the UK so that we are able to set our own laws, in particular tax law, without interference from Brussels. Significant tax changes currently require “State Aid” approval and we have seen many recent tax changes forced on us...