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More Red-Tape

True to predictions, Boris Johnson and his team achieved a trade deal with the EU to operate from 1 January 2021, and although there are generally no tariffs to pay on the movement of goods back and forth, this is far from free movement of

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Happy New Year

There really hasn’t been much to feel merry about during the recent holiday period. Lock-down and the need to socially distance has kept many of us under virtual house arrest. Thankfully, the recent announcement that the Oxford vaccine has been

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Tax Diary January/February 2021

1 January 2021 - Due date for Corporation Tax due for the year ended 31 March 2020. 19 January 2021 - PAYE and NIC deductions due for month ended 5 January 2021. (If you pay your tax electronically the due date is 22 January 2021) 19 January 2021 -

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Too good to be true?

Right now, any reference to a return to 2019 trading conditions seems to echo the title of this short article, too good to be true. Common sense tells us that we are unlikely to emerge largely, COVID-free until the end of 2021 and additionally, many

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Sharing costs

Independence is a cultivated concern. We all want to be self-sufficient. In a business environment this might manifest as having a separate Wi-Fi source even though it may be possible to share Wi-Fi with a number of business neighbours and divide

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Accounting for import VAT on your VAT return

From 1 January 2021, businesses will be able to account for import VAT on imports into Great Britain (England, Scotland and Wales) from EU and non-EU countries. Businesses in Northern Ireland will be able to use the postponed VAT accounting for goods

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Are you ready to make customs declarations?

HMRC has written to VAT registered businesses across the country to remind them to be prepared for new trading rules with the EU from 1 January 2021 after the Brexit transition period comes to an end. Time is running short and without having all of

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Tax-free gifts for Christmas

After a very difficult 2020, the traditional Christmas break is almost with us. If you are an employer and looking to give your employees a small token of appreciation for Christmas, then your best option is probably to give them a gift. In order to

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