The Government has announced the launch of a new £50 million grant fund to help UK export and import businesses prepare for life after the end of the Brexit transitional period. The new Customs Intermediary Grant Scheme aims to equip UK businesses with the tools and knowledge they need to […]
Daily Archives: Tuesday August 18th, 2020
4 posts
VAT on imported goods with a value of up to £135 will be collected at the point of sale, not the point of importation from 1 January 2021. New guidance has been issued by HM Revenue & Customs (HMRC) which outlines how it anticipates the import of goods from outside […]
HM Revenue & Customs (HMRC) has written to people suspected of having undeclared overseas assets, asking them to declare any currently undeclared overseas assets and to complete a certificate declaring the correct tax position. The letters have been generated following receipt of information from tax authorities around the world through […]
After months of uncertainty and concern over no-deal scenarios, the chief UK negotiator, David Frost, has said that a free-trade deal with the EU may be ready by September. Speaking with the Telegraph, Mr Frost said that he hopes talks in August will bring the two sides nearer to a […]