18 June 2020
The Government has provided information on border controls and customs procedures that will be applied to goods imported into Great Britain from the EU with effect from 1 January 2021.
02 June 2020
Many businesses have had to put Brexit on the back burner while they fight the global economic crisis brought on by coronavirus. With less than seven months to go until the UK is due to leave the EU’s VAT and customs systems, cross border traders should start reviewing their contracts and ‘Incoterms’, especially if the current crisis has, or will lead to, changes in their usual supply chains.
15 April 2020
Two welcome announcements from HMRC help support our frontline workers get vital supplies.
04 March 2020
The Government has revealed ambitious, perhaps over ambitious, plans for a comprehensive free trade agreement with the EU to be in place by the end of this year. It is very clear on the outcome if negotiations don’t go to plan.
18 February 2020
The removal of Brexit contingency plans for customs and VAT promised in 2019 will make an already difficult situation even worse for businesses. Disruption to supply chains seems inevitable, and the removal of postponed accounting and/or transitional simplified procedures will make an already difficult situation even worse for businesses.
12 February 2020
The Department for International Trade has launched a public consultation on its proposals for a new UK customs tariff, to be implemented at the end of the Brexit transition period. The closing date for comments is 5 March 2020 and we can expect an announcement on the UK’s new tariff shortly thereafter. Businesses should take note.
24 January 2020
The new European Union (Withdrawal Agreement) Bill changes the Brexit picture for VAT and customs duty yet again. Businesses should keep up preparations for a departure on 31 December 2020.
25 June 2019
Nearly a third of UK mid-market businesses with international aspirations see the European Union as a key market for future growth, according to a recent survey by leading audit, tax and consulting firm RSM.