Global exports of UK services have seen an increase according to recent figures. Reinforcing the strength in demand for its services sector. The data comes from the third quarter of 2018, where growth in exports was seen to continents worldwide as follows: America – grew by 2.6 per cent to […]
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Transitional Simplified Procedures (TSP) for customs will make importing easier for an initial period of one year should the UK leave the EU without a deal, HM Revenue & Customs (HMRC) has announced. In a letter to businesses, the regulator sets out the actions and changes organisations need to be […]
The UK and USA have signed an agreement to continue existing arrangements which help ease goods trade between the two nations. The arrangements which help boost British trade with the US will continue when the UK leaves the European Union (EU), supporting jobs in both countries. The Mutual Recognition Agreement […]
As the deadline for Brexit approaches and with no concrete deal in place businesses should start considering making no deal preparations if they haven’t already. HM Revenue & Customs has published three key steps that all to VAT-registered businesses that traded with partners in the EU should take, which included […]
The Government has said it remains committed to leaving the EU with a deal, however, it is encouraging businesses across the UK to put contingency plans in place should the country leave the EU on 29 March 2019 without a deal. Back in December, HM Revenue & Customs published three […]
We are delighted to announce that Reanda UK’s Tax Partner, Peter McMahon, has been appointed as a Vice Chairman of Reanda’s International Tax Panel (ITP) steering committee. The ITP consists of leading tax professional from each Reanda member firm and serves as a platform for members to exchange their insights […]
International Trade Secretary, Dr Liam Fox MP, has stated that a record number of businesses are looking into overseas expansion opportunities. Dr Fox MP described 2018 as “a year to celebrate” in regards to the UK’s trade success, boasting “record highs in investment and exports.” “In a year where we […]
More businesses than ever are seeking expansion opportunities overseas, new research has revealed. The report, published by the Department for International Trade, celebrates a “successful year for trade and investment”. In total, the figures show that demand for UK goods and services overseas continued to grow, with exports in the […]
They say as one door closes, another one opens. British businesses do not want restrictions placed upon their access to the EU, but many would welcome more open trade with the US. Similarly, new research from Emerson College, a university in Boston, Massachusetts has found that many Americans would welcome […]
The likelihood of a ‘no deal’ Brexit still remains a distinct reality, but how can a business prepare for such a scenario? If the Government cannot secure an effective withdrawal agreement and trade deal then this will have an inevitable effect on all British businesses, especially those with close connections […]