Brexit

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

9 Dec 2020

Tax

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

7 Dec 2020

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)

7 Dec 2020

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

2 Dec 2020

Insight

Business

Brexit

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

1 Dec 2020

Insight | UK risks losing extradition powers after Brexit

If the UK leaves the EU without a deal, it will no longer benefit from the European Arrest Warrant, making extraditions far more complex, warn Kathryn Howarth, Myles Grandison & Daniel Sternberg of Temple Garden Chambers

19 Nov 2020

Insight | Brexit set to hamper post-Covid economic recovery

Despite hopes a new Covid-19 vaccine could boost growth from early next year, the fall-out from the UK’s departure from the EU in January means the economy is not likely to recover to pre-pandemic levels for another two years, KPMG is warning

18 Nov 2020

Accounting | Accounting for Brexit part 4: Considerations for companies and directors

In the fourth and final article on the impact of Brexit on audit and accounting, David Duvall MA FCA, Susan Singleton LLB and Fawn Beddows examine some of the key changes that will affect businesses trading in the EU market from 1 January 2021

17 Nov 2020

Accounting | Accounting for Brexit part 3: impact for auditors

In the third article of a series on the impact of Brexit on audit and accounting, Croner-i writer David Duvall FCA sets out the key changes for auditors from January 2021

12 Nov 2020

Accounting | Chancellor outlines ‘green’ post-Brexit financial services

Chancellor Rishi Sunak has outlined the government’s post-Brexit approach to financial services regulation and has underlined the UK’s intention to become a global leader in green finance

10 Nov 2020

Leadership & management

Brexit

Insight | BEIS urges action to be Brexit-ready

With less than two months to go, the government has launched a campaign urging services and investment companies to get going on key actions as the UK counts down to its new trading relationship with the EU after 31 December

6 Nov 2020

Insight | NAO warns of ‘significant’ post-Brexit trading disruption

UK traders face ‘significant’ disruption at the border from 1 January next year, despite the government spending £1.4bn this year on preparations, because of the tight timetable, the impact of the pandemic and a lack of contingency planning, the National Audit Office (NAO) has warned

6 Nov 2020

Tax | Brexit and VAT pt2: tour operators, online sales and overseas marketplaces

In the second of a two-part series, Croner-i tax writer Sarah Kay looks at some of the less well publicised VAT consequences of the UK leaving the EU on 31 December 2020, including the tour operators margin scheme, online sales and overseas marketplaces

5 Nov 2020

Insight | UK drops from fourth to seventh place for aerospace investment

UK is ranked seventh out of 100 countries in PwC’s global aerospace investment study, the top performing European nation, with Brexit and Covid-19 challenges playing a role in the drop from fourth position in 2019

4 Nov 2020

Accounting | Accounting for Brexit part 2: large and listed entities

In the second article of a series on the impact of Brexit on audit and accounting, Croner-i writers David Duvall, Steve Collings and Rachel Farris examine the impact of Brexit regulations on reporting for larger entities

3 Nov 2020

Tax | Brexit and VAT pt1: mini one stop shops, tourism and VAT refunds

In the first of a two-part series, Croner-i writer Sarah Kay reviews a number of the less well publicised Brexit consequences for UK businesses trading in the EU, including the impact of mini one stop shops, tax free shopping for tourists and EU VAT refunds

29 Oct 2020