Brexit

Practice & Industry

Tax | UK businesses suspected of underpaying £25m in import duties

HMRC suspects that large UK businesses have underpaid £25.3m in import duties this year up from £260,000 (2021), according to new data by Pinsent Masons

30 Aug 2022

Tax

HMRC

Insight | Import controls pushed back to 2024

The government has confirmed that import controls on EU goods and livestock will not come into force in July as expected

29 Apr 2022

Tax | VAT export refund scheme for vehicles changing

The government is changing the VAT rules on the export refund scheme for the export of second-hand cars and vans from 1 October 2022

28 Mar 2022

Insight | Higher costs and paperwork thwart post-Brexit EU trade

Border controls put in place after the UK left the EU have resulted in increased costs, paperwork and border delays, say MPs on influential Public Accounts Committee

9 Feb 2022

Tax | Government consults on future of customs system

The Treasury and HMRC is consulting on the future of the customs system in a post Brexit world with a view to simplifying the process where possible

8 Feb 2022

Insight | Majority of UK businesses had ‘no benefits’ from Brexit

Nearly three quarters of UK businesses found that their business had received ‘no benefits’ since the UK left the EU in January 2021

19 Jan 2022

Insight | Brexit custom delays hit manufacturers

One year since leaving the EU, two-thirds of manufacturing companies have reported that Brexit has moderately or significantly hampered their business, however optimism for growth has risen

10 Jan 2022

Tax | Businesses need to prepare for January EU customs changes

Some of the temporary customs and VAT easements introduced on 1 January 2021 for goods moving between Great Britain and the EU will be removed on 1 January 2022

22 Dec 2021

Tax | Less than a month until full customs controls are introduced

HMRC is reminding traders to prepare for customs changes that come into effect on 1 January 2022 which will increase checks and customs declarations

2 Dec 2021

Insight | Financial regulators to be given new powers post Brexit

The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) will be granted greater flexibility to update laws inherited from the European Union (EU) as part of the Government’s push to overhaul the financial industry after Brexit

10 Nov 2021

Tax | Sunak faces difficult public finances at Budget, IFS warns

Chancellor Rishi Sunak could introduce cuts worth £2bn for government departments tasked with meeting the Tories’ flagship ‘levelling up’ agenda despite the biggest tax rise in a generation

12 Oct 2021

Tax | EU energy tax could hit Northern Ireland and Gibraltar

A report from the government’s European Scrutiny Committee warns that businesses in Northern Ireland and Gibraltar may be ‘adversely affected’ if the EU adopts proposals altering tax rules

29 Sep 2021

Tax

International tax

Insight | 42% jump in customs duties since Brexit

UK businesses and consumers have paid 42% more in customs duties on goods since Brexit came into force on 1 January 2021, says UHY Hacker Young

13 Sep 2021

Insight | Chancellor outlines UK roadmap for financial services

Speaking at Mansion House this morning Chancellor Rishi Sunak announces his ambitious blueprints to turn the UK into the ‘most advanced and exciting’ financial services hub

1 Jul 2021

Leadership & management