As Brexit negotiations continue to be poised on a knife-edge, HMRC has announced it is extending arrangements already announced for traders to use transitional simplified procedures (TSP) designed to make importing easier, in the event of the UK leaving the EU without a withdrawal agreement on the new date of 12 April

The Department for Business, Energy and Industrial Strategy (BEIS) has published a leaflet for SMEs, outlining changes that may affect the business when the UK leaves the EU, with advice on actions to take and sources of support

Hong Kong has toppled the UK as the top international financial centre (IFC) for global corporate services, while the trend towards moving business to onshore and mid-shore jurisdictions continues to increase, according to research by Vistra

The Business, Energy and Industrial Strategy (BEIS) is to hold a webinar on Tuesday 19 March at midday informing businesses of accounting and audit changes and how to operate legally in the EU in the event of a no deal Brexit

The UK economic outlook has darkened with risks shifting increasingly to the downside. Importantly, Brexit uncertainty plays an important part in this, but is by no means the only factor, says Chris Williamson, chief business economist at IHS Markit

Ongoing Brexit negotiations continue to generate uncertainty, but what is clear is that UK businesses are heading towards a perfect VAT storm when Making Tax Digital and Brexit VAT changes collide, warns Ian Carpenter, partner and head of indirect tax at RSM

HMRC has confirmed a six-month extension to the implementation date of the change on indirect representation for some customs authorisations’ holders

In a Spring Statement thin on detail and shaped by the lack of progress on Brexit, the Chancellor announced plans to extend e-card immigration rights to citizens from Australia, Singapore and Japan, among others

In the event of a no deal Brexit, the UK will adopt a temporary tariff regime setting the majority of import duties at 0% for a period of up to 12 months, in a move which would have significant implications for cross-border trade between Northern Ireland and the Republic of Ireland

The Chancellor’s Spring Statement this afternoon takes place against a backdrop of continued and deepening crisis over Brexit and is likely to prove no more than the ‘filling in the sandwich’ between further votes on the terms of the UK’s withdrawal, after the government’s deal was roundly rejected last night

A survey from ICAS has found that nearly three-quarters (73%) of finance professionals believe that a no-deal Brexit is ‘very’ or ‘quite’ likely, but only half say their organisation has prepared for that outcome from the current negotiations over the UK’s withdrawal from the EU

With weeks until Brexit, HMRC has finally issued guidance for importers and exporters on how a postponed VAT accounting system would work in the event of no deal scendario to prevent businesses having to immediately pay UK VAT on imports from the EU

The government is passing substantive legislative changes to Companies Act 2006 (CA 2006) via statutory instrument and has issued guidance letters for accountants and auditors with advice on how to operate cross-border in the event of a no deal Brexit. James Waller CA, technical writer at Croner-i Tax and Accounting, explains the key considerations

The deadlines for Brexit and the overhaul of VAT reporting under Making Tax Digital are uncomfortably close, while the risk of reverting overnight on 29 March to third country status for exports and audits, are just some of the bigger unknowns for business, tax advisers and accountants, says Sara White, editor of Accountancy Daily