On 15th March 2023 the Chancellor, Jeremy Hunt, present the Spring budget. Many of the points around people’s general lifestyle were leaked in advance of the budget – things like the extension of free childcare to younger children and potentially lifting the pension lifetime allowance. There were also the typically expected announcements – the freeze… Continue reading Spring Budget 2023
A faster way to recover VAT on goods imported to the UK. These changes will affect your business from 1 January 2021 if you import goods into the UK. Import VAT is now charged on all goods entering the UK (including goods from EU countries). Previously import VAT was charged on non-EU imports only. You… Continue reading Postponed VAT Accounting
The countdown continues! As things stand, the UK will no longer be a member of the EU at some point in the near future. This means that UK businesses that have only traded inside the EU may need to follow the same procedures used for trading outside the EU. In order to keep imports up… Continue reading UK-EU border changes and how this may affect the importing of goods
Torr Waterfield - Accountants & Business Advisors 