News

Innovate UK, the start-up accelerator for the UK has launched its four-year plan setting out its strategy to promote business growth ahead of the Brexit transition period. Entitled Design in Innovation strategy, 2020-2024, the plan will seek to “support excellent design in innovation” by encouraging businesses to “embed design within their […]

International Development Secretary Liz Truss has set up 11 new trade advisory groups covering a range of key sectors in a bid to drive business engagement in the UK’s trade negotiations. As trade talks with Japan, the US, Australia and New Zealand intensify, Ms Truss is stepping up engagement with […]

The Government has launched a campaign to support businesses in the European Union (EU) continue to trade with the UK following the Brexit transitional period. A brand-new Government campaign will support EU businesses in trading with the UK after the Brexit transitional period, it has been revealed. Entitled “Keep Business […]

The UK Government has announced that it has secured a new and ‘historic’ free trade agreement with Japan – the first major trade deal the UK has made as an independent trading nation. While the negotiations for a new trade deal with the EU are ongoing, the UK has forged […]

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 […]

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 […]

The Government has published new guidance on UK customs and border controls ahead of the end of the Brexit transitional period. The new regime is set to come into effect from 01 January 2021 in three stages to help exporters and importers of EU goods prepare amid the Covid-19 pandemic. […]

More than three in five small businesses have reported “late or frozen” payments throughout the COVID-19 pandemic, a major study has revealed. The research, published by the Federation of Small Businesses (FSB), suggests that poor cash flow is likely to worsen the impending economic recession unless decisive action is taken. […]