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
The Chancellor has presented his Spring Statement to Parliament – here's our summary of what he said. The UK economy continues to grow, with wages increasing and unemployment at historic lows, providing a solid foundation on which to build Britain’s economic future. Borrowing and debt are both forecast to be lower in every year than… Continue reading Spring Statement 2019: What you need to know
Torr Waterfield - Accountants & Business Advisors 