29 01, 2020

Transition period begins this Friday

By |2020-01-29T12:25:49+00:00January 29th, 2020|Brexit, Business planning, Tax, VAT|

This Friday, 31st January, is a mommentus one.  It is not only the last day to submit your tax return but it is also the day we leave the EU and the transition period of Brexit begins.   It may be an anti-climax after such a long run-up since the 2016 referendum and perhaps even more so now that it is looking very unlikely Big Ben will chime for Brexit, with [...]

22 10, 2019

Small businesses: do you have a Brexit clause?

By |2019-10-22T08:45:03+00:00October 22nd, 2019|Brexit, Business planning, limited company, Tax|

If you are small business owner and your company trades with the EU, are you prepared for Brexit?  With Brexit looming, you will need to position your small business to avoid the least disruption and damage to you and your customers or clients.  A Brexit Clause is something you may want to consider with your EU clients and suppliers to protect each other's interests and keep costs under scrutiny in [...]

8 10, 2019

Will Tax Change after Brexit?

By |2019-10-08T09:20:27+00:00October 8th, 2019|Brexit, Business planning, Inheritance Tax, Personal tax, Tax|

In the run up to the Brexit deadline of 31 October, we look at frequently asked questions we hear from clients and provide answers when looking at potential tax changes after Brexit affecting your personal and business income.   Question: I work abroad, will I be taxed twice on my income after Brexit? Whether you are a UK national working currently in the EU or an EU national working in [...]

19 09, 2019

HMRC have issued me with an EORI number, why do I need it?

By |2019-09-25T18:01:56+00:00September 19th, 2019|Brexit, limited company, Tax, VAT|

Are you a VAT registered business? If so, have you received a letter from HMRC allocating you an EORI number? HMRC is automatically providing 88,000 UK VAT registered businesses with economic operator registration and identification (EORI) numbers to assist with trade with the EU should the UK leave with no-deal. Some 72,000 UK companies have already registered for EORI numbers but now HMRC have taken the next step and issued [...]

24 03, 2019

Keep updated on Brexit news

By |2019-04-16T13:07:41+00:00March 24th, 2019|Brexit, Business planning|

With the delay in the Brexit departure date to April or May depending on how the next week in Parliament plays out, businesses are still plagued with uncertainty and as it stands, there are still three possible outcomes from the negotiations with the EU: a delayed Brexit by extending Article 50, a no-deal Brexit or a modified Brexit. As reported in March, HMRC have published a letter to help UK [...]

12 03, 2018

Hammond’s Spring Statement – Four Key Issues

By |2019-04-25T15:02:07+00:00March 12th, 2018|Brexit, Business planning, Tax, Trusted Adviser, VAT|

Mr Hammond has certainly been applauded in most quarters for his one Budget a year plan and subsequent less fiddling with the tax system, and the Spring Budget tomorrow is expected to be a brief affair, with only a few expected consultations on tax reforms. Indeed, Hammond has already advised that he “won’t be making tax or spending announcements” on the BBC over the weekend, but it will be a time nevertheless to [...]

10 01, 2018

How would a Labour Government Affect You and Your Business?

By |2019-04-25T15:17:46+00:00January 10th, 2018|Brexit, Business planning, Tax, Trusted Adviser, VAT|

Jeremy Corbyn is favourite to become the UK’s Prime Minister at the next general election.  High net worth individuals and small and medium enterprises should now seriously start to position themselves for the possibility of a Labour government in 2018 or 19 with higher taxation on the cards. With Labour’s unexpected retaliation at the snap general election last June leaving the Conservatives serving with a minority government, an error of [...]

30 07, 2017

Is your business prepared for the VAT changes in a post Brexit world?

By |2019-05-21T19:32:24+00:00July 30th, 2017|Brexit, Tax, VAT|

When the UK leaves the EU, the cross-border VAT environment for businesses will change. Performing a VAT health check now will highlight practical measures you and your business can take to ease the transition and minimise the risk before the new arrangements come into force. Outlined below are five key points to help set-up your business for post-Brexit success. No. 1 Confirm VAT registrations Time is running out for HMRC [...]