Tax / Q&A: freight transport changes

In our regular Q&A series, Croner Taxwise, VAT adviser, Arti Sonpal, explores changes to the VAT liability of supplies following the end of the Brexit transition period

Tax / Post Brexit VAT and the financial services sector

Suppliers of financial services to EU customers will be able to recover VAT on their costs from 1 January 2021 as rules will align with non-EU 27 providers. Kevin Hall, partner at Wright Hassall, explains

Accounting / UK standards Endorsement Board starts work

The UK Endorsement Board (UKEB), the body tasked with endorsing and adopting international accounting standards now that the UK has left the EU, has officially launched

Insight / Brexit and EU case law

From a legal perspective, final departure from the EU raises some complexity around the interpretation of ‘retained EU case law’ – essentially judgments and decisions prior to 31 December 2020. Croner-i tax writer Mark Cawthron LLB CTA examines the impact on UK Courts and Tribunals

Tax / DAC 6 to be replaced by OECD rules

There are to be changes to the way UK intermediaries report cross border tax arrangements post-Brexit, with the EU DAC directive set to be replaced by OECD rules later this year

Tax / ‘Tampon tax’ abolished

Following the UK’s departure from the EU, the government has honoured its commitment to remove VAT from women’s sanitary products, ending the so-called ‘tampon tax’

Tax / Q&A: VAT implications of the Northern Ireland protocol

In our regular Q&A series, Croner Taxwise, VAT advice consultant, Sally Atkins, clarifies the post-Brexit VAT rules for clients based in Northern Ireland who both supply goods to and buy from mainland UK and the Republic of Ireland

Insight / UK Trader Scheme launched for GB/NI movement of goods

With Brexit talks on any future UK/EU trade deal hanging in the balance, the HMRC has launched a UK Trader Scheme (UKTS) to support businesses moving goods from Great Britain to Northern Ireland from the start of next year

Tax / Post Brexit tips on VAT and exports to EU

Kevin Hall, partner at Wright Hassall, examines how to account for VAT on exports and EU VAT obligations from 1 January 2021 after the Brexit transition period ends

Insight / Beyond Brexit: hiring employees after immigration rules change

The end of freedom of movement and changes to immigration rules effective from 1 January 2021 affect employee recruitment, while travel limits for business travel also need to be factored in. Lindsey Barras, immigration lead at PwC UK, sets out five tips for employers

Tax / Government lays out post-Brexit NI VAT and duty details

The government has introduced legislation to Parliament providing clarity for how customs, VAT, and excise duty will be dealt with in Northern Ireland after the end of the Brexit transition period

Tax / MPs want detailed analysis of VAT retail export scheme cancellation

MPs have criticised government plans to end the VAT retail export scheme (RES) at the end of this year, when the UK leaves the EU, saying it has not provided a wide enough analysis of the potential impact on the tourism industry

Insight / Business group warning over lack of Brexit guidance

With 24 days to go until the end of the Brexit transition period, businesses still have insufficient official information available in critical areas, undermining their ability to prepare for change on 1 January, according to the British Chambers of Commerce (BCC)

Insight / Four out of five businesses not Brexit-ready

With under a month to go until the UK leaves the EU, four out of five businesses do not know the full extent of Brexit risks and are not sufficiently prepared, according to a poll by EY

Tax / Q&A: post Brexit supplies of digital services (VAT MOSS)

In our regular Q&A series, Croner Taxwise, senior VAT consultant, Hilary Budd, explores how Brexit will affect digital service providers using VAT Mini One Stop Shop (VAT MOSS) to account for VAT on sales to EU consumers