by Jo Wormald | 8th May 2021 | Brexit, Tips and Tricks
Fashion can be a tough business to be in at the best of times. Long seasonal cycles means time is largely spent planning ahead. Orders have to be in ahead of the season, and the cost of samples, manufacturing and marketing have to be covered early. Alongside the...
by Georgi Rollings | 4th March 2021 | Corporation tax, VAT
The Budget yesterday was the first since the start of the Coronavirus pandemic and following the end of the transition period arrangement between the EU and the UK. We were happy to see that there is still significant support out there for businesses that have been...
by Emma Lawrence | 15th February 2021 | Limited company, VAT
Back in March 2020 HMRC announced that they would allow business owners to defer VAT payments due between 20 March 2020 and 30 June 2020 to 31 March 2021, as a result of the Coronavirus pandemic. If you have deferred VAT payments then read on. Many businesses took...
by Georgi Rollings | 23rd January 2021 | Brexit, VAT
Selling to EU consumers has become a whole lot harder with Brexit. From truck drivers having their ham sandwiches confiscated (yes, seriously) to the astonishing new amount of red tape, to extra shipping charges, to delays. The last thing British exporters need are...
by Georgi Rollings | 9th January 2021 | Brexit, Limited company, Tips and Tricks, VAT, Xero
So we’re here – the Brexit transition period has ended. As of 1 January 2021 there are changes to how you have to account for import VAT. This means any UK VAT-registered business that imports goods into the UK from anywhere in the world will need to adapt to a...