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Hard customs border adds to Brexit pain for UK importers

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.

Government consults on new customs tariff for post-Brexit era

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.

Interest rate cut should be Mark Carney's leaving gift to his successor
Simon Hart

29 January 2020

As Mark Carney bows out as Governor of the Bank of England a rate cut should be his parting gift to his successor Andrew Bailey now that a decision on Brexit is firmly in place.

Destress continues in UK financial markets
Simon Hart

28 January 2020

Stress in the UK financial markets continues to moderate on the eve of Brexit. The RSM Brexit Stress Index, which measures financial and economic risk surrounding the UK’s impending departure from the EU, begins the week at just 0.23 standard deviations below normal levels of implied stress.

Economic outlook encouraging for UK businesses looking to expand in the US
Simon Hart

24 January 2020

'There has never been a better time to expand or invest in the US' - that was the message from US Embassy Deputy Chief of Mission Yael Lempert at a special event hosted by leading audit, tax and consulting firm RSM and SelectUSA at the US Embassy in London this week.

Brexit bill brings more uncertainty for VAT and customs duty

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.

Upper Tribunal rules that e-newspapers should be zero rated for VAT
Philip Munn

02 January 2020

News Corp UK and Ireland Limited (News UK), the publisher of The Times, has been successful in its appeal to the Upper Tribunal where it argued that digital versions of its newspapers should be zero rated for VAT.

Will the Boris bounce extend to the real economy?
Simon Hart

17 December 2019

Commenting on yesterday's FTSE250 record close, Simon Hart, RSM's Brexit lead partner said: 'The positive response from the markets to the Conservative Party winning an overall majority in Parliament has lifted the mood among investors and the financial markets generally.

Financial markets cast their vote for Boris
Simon Hart

13 December 2019

Stress in the UK financial markets saw a major dip as last night’s exit poll revealed an impending landslide election victory to the Conservative party.

General election update
Simon Hart

13 December 2019

Boris Johnson has been presented with an overwhelming endorsement from the UK electorate to deliver the Conservative party manifesto following the 12 December 2019 General Election result. What now?

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