The European Commission, in response to the challenges posed by the COVID-19 pandemic, has decided to postpone its new European VAT rules for business-to-consumer (B2C) transactions until 1 July 2021. These new rules are part of the EU’s new e-commerce package and will look to introduce a VAT One-Stop-Shop (OSS) […]
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The European Union VAT Refund system will not be accessible for expenses that occurred before 1 January 2021 after 31 March 2021, HM Revenue & Customs (HMRC) has reminded UK businesses. After this date, UK businesses wishing to claim a VAT refund will have to do so manually through the […]
The Government has set out a path to a potential future free trade agreement with India following a five-day visit by the International Trade Secretary, Liz Truss.
Following the end of the transition period on 1 January 2021, many businesses are taking on the challenge of overseas accounting for the first time.
The UK has formally applied to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) – one of the largest free-trade areas in the world.
A new report produced by the US-UK trade association British American Business (BAB) has outlined opportunities in which small businesses can overcome barriers to transatlantic trade to take advantage of trading relationships with the US.
HM Revenue & Customs (HMRC) has confirmed that both acquisition VAT and import VAT may apply on transactions spanning the end of the Brexit transition period.
More than 700 heavy-goods vehicles (HGVs) have been turned away and over 150 fines have been issued for non-compliance at the GB-EU border since the end of the Brexit transition period, according to the latest Government data.
The UK and Turkey have signed a post-Brexit trade deal that will secure almost £19 billion worth of annual trade, the Government has announced.
A new online Government service will help exporting businesses “identify new trade opportunities”, it has been revealed.