Tax / Brexit one month on – the VAT implications

As trading arrangements with the EU face new import and export processes, James Hurst, VAT director at Brown Butler, explains the key VAT compliance issues to consider

Insight / Grants to help SMEs new to importing or exporting

The government has launched the SME Brexit Support Fund giving up to £2,000 to help with training or professional advice on exporting for businesses with up to 500 employees

Insight / Independence twice as likely to hit Scotland’s economy as Brexit

The combination of independence and Brexit is set to reduce Scotland’s income per capita by between 6.3% and 8.7% in the long run, according to a study from the London School of Economics (LSE)

Tax / Q&A: top five Brexit questions from our VAT helpline

In our regular Q&A series, Croner Taxwise, VAT advice consultant, Sally Atkins, explores the most answered Brexit questions from the VAT advice helpline, covering tax on sales, B2C services and more

Insight / Fishing industry compensation for export losses

The government is to provide up to £23m of funding for seafood exporters across the UK, to support businesses which have been most adversely affected by the Covid pandemic and the challenges of adjusting to new regulatory requirements for exporting post-Brexit

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