UK INTERNAL TRADE : NEW PLANS ENSURE TRADE BETWEEN EACH PART OF THE UK

  The UK government has laid out plans to deliver on its manifesto commitment to ensure businesses across the whole of the United Kingdom will continue to enjoy seamless internal trade, as they have done for centuries, when we leave the Brexit transition period at the end of the year. From 1 January 2021, powers in at least 70 policy areas...

BUDGET 2020

Following the UK’s departure from the EU, Chancellor Rishi Sunak presented the 2020 Budget against a backdrop of economic uncertainty caused by the spread of the coronavirus.   Our Budget 2020 Summary provides an overview of the key announcements arising from the Chancellor’s speech. Measures for businesses include a capital gains tax reduction in the...

THE ELECTION RESULTS AND TAX

Now that Boris Johnson and his Conservative party have won the General Election will we finally “Get Brexit Done”?  More importantly, can the Government now get on with running the country and sorting out urgent issues such as the NHS? Let’s talk about the election results and tax.  The budget will take place on Wednesday...

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...