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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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. BAB has worked in partnership with the Department for International Trade (DIT) to host a […]
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. To support your business, we’ve answered some of the most common questions we’ve received over the past month. Is VAT applicable on the purchase of […]
The UK has secured a new trade partnership with India, which will help to secure investment that will create thousands of new jobs in the UK. International Trade Secretary, Liz Truss, recently concluded a visit to India, during which she met with representatives of the Indian Government to map a […]
A new online Government service will help exporting businesses “identify new trade opportunities”, it has been revealed. The Department for International Trade (DIT) said the “Check for barriers to trading and investing abroad” digital service will allow companies to check for red tape and regulatory hurdles imposed by other countries, which could […]
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. The Department for International Trade (DIT) said the agreement – which comes after the end of the Brexit transition period – will also “lay the groundwork […]
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 Government, which published the figures, said exporting businesses must get their documentation […]
Under the new free-trade deal between the EU and UK, which was completed just days before the end of Brexit transition period, tariff-free trade is based around the concept of the rules of origin. Under the new free trade agreement, tariffs will not be charged where a business can demonstrate […]
The UK’s new points-based immigration is now live to help businesses as they prepare for the end of the Brexit transition period on 31 December 2020. The new system outlines who can work in the UK once the free movement agreement with the EU ends on 1 January 2021. There […]
The Government has confirmed further details of the customs duty arrangements that will apply to Northern Ireland with the publication of the Taxation (Post-transition Period) Bill. The Bill enacts several of the arrangements contained in the Northern Ireland Protocol, a critical element of the Withdrawal Agreement that is designed to […]