The UK and Australia have agreed a new trade partnership that will eliminate tariffs on all UK goods and encourage greater economic collaboration between the two nations. The deal is significant for the UK Government, as it is the first major trade agreement of its kind negotiated from scratch since […]
Brexit
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With the double whammy of the pandemic and Brexit, expanding your business abroad could look like a risky project while uncertainty in both areas prevails. But branching out into a new market can be exciting, so preparation, preparation and more preparation is key before taking the plunge. It is important […]
China has replaced Germany as the biggest single import market for the UK in the first quarter of the year. The UK’s trade with the EU has slipped by nearly a quarter, according to the Office for National Statistics (ONS). Trade with the EU fell by 23 per cent at […]
Europe’s biggest bank, HSBC, has reported stronger than expected profits and says the economic outlook is looking brighter. The bank reported income of $5.8 billion (£4.2 billion) for the January-to-March period, up from $3.2bn a year earlier. More than half of its profits came from Asia, the region where the […]
Applications are now open for the Government’s SME Brexit Support Fund, which offers grants for up to £2,000 that can be put towards the cost of professional advice on issues such as import VAT. The end of the Brexit transition period has changed the way businesses must account for VAT […]
Serbia and the UK have signed a new Partnership, Trade and Cooperation Agreement that will ensure £682 million of trade can continue and develop in the years ahead. The new agreement with Serbia secures continued preferential trade access between the UK and Serbia. These preferential trading terms enable British business […]
As the weather improves, many people’s focus is turning to gardening. With Northern Ireland reliant on parts of Great Britain for its supply of plants the UK government has announced unilateral moves to ease the trade rules. On the scale of things, plants may not be a critical import or […]
The Government has announced that the UK has signed an Economic Partnership Agreement with Cameroon. The post-Brexit trade deal will support jobs and ‘build future prosperity’, the Department for International Trade (DIT) said. The deal provides certainty for businesses in both countries and allows them to continue trading without any […]
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) […]
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 […]