The UK trade gap narrowed in January by more than expected to its smallest in more than a year, while at the same time GDP increased by 0.3 per cent. The latest data from the Office for National Statistics (ONS) this month showed that the UK’s trade balance narrowed by […]
Daily Archives: Tuesday April 18th, 2023
4 posts
The UK has signed what the Government has described as an historic digital trade deal with embattled Ukraine. The agreement, which aims to support the country’s recovery from the war with Russia through trade, was officially signed this month. It is designed for Ukraine to remove trade barriers and tariffs […]
HM Revenue and Customs (HMRC) has recently released a simplified VAT guidance for overseas sellers, with a special focus on Chinese retailers selling goods online to the UK market. This move is expected to improve compliance with UK import and VAT regulations for international sellers, and ultimately reduce the tax […]
The UK recently made a historic move by joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) – an 11-member trade bloc that includes prominent Asia-Pacific economies like Mexico, Japan, Canada, and Australia. This is a significant development for the nation following its departure from the EU and makes […]