The UK Companies House is changing the way annual accounts are filed. Companies House reform dictates that all smallest companies will be required...
Companies House reform: a closer look
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Changes for goods moving from Ireland to Great Britain
After the government published the final version of the Border Target Operating Model in August 2023, some goods moving from Ireland to Great...
HMRC issues a payroll error warning about work place pension contributions
Employees can save for their retirement through a workplace pension arranged by their employer. Every payday, a percentage of your pay is...
VAT Registration Helpline Closed
VAT registration Helpline closed. There are a lot of fears that it may cause more problems to new applicants. The waiting time may increase from 40 days to longer. Read this blog to find out about our experts forecast and how we can help.
How to Get Your VAT Registration with Less Pain
This guide explains how the VAT registration process has changed for overseas sellers. A UK VAT registration is a crucial step for overseas...
Update on Changes to VAT Penalties and Interest from 1st of January 2023
New penalties have been introduced for submitted VAT returns and paying VAT late from 1st of January 2023. The new system replaced the default...
New Penalties Regime for Late VAT Returns and VAT Payments
VAT default surcharge are being replaced with new penalties, which will apply to everyone who submits a VAT return. Penalties will be charged for late submission when the relevant penalty points threshold is reached.
Customs Declaration Service – Take action now to continue importing goods
Changes to Customs Declaration Service are coming from 1 October 2022. Even if you use a customs agent to help you with customs declarations, there are still actions you need to take.
Business owners: What does the delay in implementing the new VAT penalty regime mean for your business?
According to the Financial Secretary to the Treasury, the new VAT penalty regime has been further delayed. The decision should enable HMRC to implement the required system improvements on a more timely basis. On 1 January 2023, the new system will apply to all UK VAT-registered businesses. It is not the first time the new system has been delayed.
VAT Making Tax Digital Update
VAT registered businesses are required to report Value Added Tax details digitally starting on 1 April 2022. Now, for the first time, businesses...
New Customs Arrangements from January 2022
As of 1 January 2022, Brexit customs arrangements will change, and this article explains what will change, as well as how to prepare before moving...
How to deal with goods that never leave the EU
Our clients often have to deal the situation when they import goods from the EU. However, the goods never leave the EU, because the supplier ships...
EU VAT E-commerce Package and the UK VAT E-commerce Systems
From the 1st of July 2021 the EU will introduce a new VAT e-commerce package. These changes will affect B2C sales of goods between the Northern...
Fiscal Representative – Rules Changing
After the UK left the EU Customs Union, EU members began changing their rules on how UK importers should appoint their fiscal representative to...
HMRC new penalty system for late tax return submission
HMRC is aiming to crack down on consistent late filers and payers and will become fairer to those who miss their payment and filing deadline only occasionally. New penalties will be introduced for late tax return submissions.
Self-Assessment 2020 Payments Deferment
Self-Assessment 2020 payments deferment on account due Coronavirus has been recently introduced by the UK Government. Check what you need to do if...
New trade arrangements with the EU from 1 January 2021 for VAT registered businesses
There are now just 2 months left for you to ensure we are ready for the new tax and customs rules. The new rules will allow you to continue to trade...
Brexit News: Transition Period and Trade with EU
Make sure your business is ready to do trade with the EU from the 1st January 2021. If you are a VAT-registered business who trades with the...
Announced Tax Measures During Covid Crisis
Following government borrowing to fund the economy during the pandemic, the Chancellor’s Autumn Budget will raise funds by increased taxation. As...
Unpacking the £30bn Economic Package: Summer Economic Update 2020
The UK Economy has shrunk 25% in the past two months; this is how much the economy had grown for the past 18 years. In the aim to subdue continuing...
Bounce Back Loan scheme aimed at small businesses in the UK
We wanted to bring to your attention to a new loan scheme from the government that could help your financial situation during this difficult...
Corona News: VAT payment Deferrals for Business
A lot of businesses are suffering cashflow crisis as a result of Covid-19. Therefore, the Chancellor has announced a VAT payment deferral in the...
Fundamental Changes in the EU Online VAT Compliance Obligations in 2021
From the 1st of January 2021 the EU is introducing changes in the way the online marker sellers comply with the VAT regime in Europe. Instead of...
Brexit Updates: Customs and tax
Customs and Tax As it has become known, the Brexit deal has been approved in principle. However, the UK and the EU have to sign the withdrawal...
One Person Limited Company NI Allowance Scrapped
Many limited companies in the UK have only one director, who is also the only shareholder of that company, and does not employ anyone else. Today’s...
Tax Changes – Recent Announcements
Although little was announced in the autumn statement in relation to tax, there are some worth noting. Tax Credits For self-employed, the government...