Moving Goods to the EU

New rules for businesses moving goods to the EU You must declare any goods you send to the EU, providing details about what you’re sending and what it’s worth, using a customs declaration form. You can get a customs intermediary to help you do this. If you’re sending goods using a fast parcel operator or express… Continue reading Moving Goods to the EU

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HMRC answer Frequently Asked Questions on New Trade rules

New rules for businesses that trade with Europe are here. Now that the Brexit transition period has ended, all businesses that move goods between Great Britain and countries in the EU, or under the Northern Ireland Protocol, must follow new customs and tax rules since 1‌‌‌ ‌January 2021. HMRC have provided answers to some of… Continue reading HMRC answer Frequently Asked Questions on New Trade rules

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VAT Reverse Charge for Construction Services from 1 March 2021

From 1 March 2021 the domestic VAT reverse charge must be used for most supplies of building and construction services. The charge applies to standard and reduced-rate VAT services: for individuals or businesses who are registered for VAT in the UK reported within the Construction Industry Scheme What you need to do You’ll need to:… Continue reading VAT Reverse Charge for Construction Services from 1 March 2021

Rules of Origin: New Rules for Trading with the EU

One of the important changes is Rules of Origin. Rules of Origin concerns where a product was manufactured and determines the ‘economic nationality’ of a good for international trade. Businesses need to know about them because the Trade and Cooperation Agreement means they can trade with the EU without paying tariffs – but only if… Continue reading Rules of Origin: New Rules for Trading with the EU

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Employers who have claimed through the CJRS

Monthly data on claims made by employers through the Coronavirus Job Retention Scheme is now available for December https://www.gov.uk/government/publications/employers-who-have-claimed-through-the-coronavirus-job-retention-scheme From February HMRC will also publish the following information: an indication of the value of the claim within a banded range the company number – for companies and Limited Liability Partnerships The banded ranges are: £1… Continue reading Employers who have claimed through the CJRS

Self-Employment Income Support Scheme (SEISS)

The deadline for claiming the third SEISS grant is fast approaching. If you are eligible, you must make your claim on or before 29‌‌‌ ‌January 2021. As with the first and second SEISS grants, the third grant will be subject to Income Tax and self-employed National Insurance and must also be reported on your 2020-21 Self… Continue reading Self-Employment Income Support Scheme (SEISS)

New Customs Rules; Moving Goods

New customs and tax rules for trading with the EU started on 1 January 2021. To continue trading with countries in the EU, there are actions you must take, to make sure you’re compliant and minimise costs and delays. Before you attempt to move your goods, you’ll need to: Get ready to make customs declarations,… Continue reading New Customs Rules; Moving Goods

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