The European Commission, in response to the challenges created by the Coronavirus pandemic, has decided to postpone its new European VAT rules for business-to-consumer (B2C) transactions until 1 July 2021. These new rules are part of the EU’s new e-commerce package and will look to introduce a VAT One-Stop-Shop (OSS) for B2C sales. Originally due…
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Commodity codes, explained
If you move goods to or from anywhere in the world, you will need to use a commodity code to classify your consignment. Here’s what you need to know. What is a commodity code? The UK now uses a standardised set of codes, borrowed from the World Trade Organisation (WTO) “Harmonised System”, to classify goods….
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The SME Brexit Support Fund: how do I apply and how much could I get?
The SME Brexit Support Fund will open to applications imminently. To help your business secure vital support, here’s everything you need to know. What is the SME Brexit Support Fund? Announced this month, the £20 million fund is designed to help small and medium-sized enterprises with changes to trade rules with the EU, such as…
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£2,000 grants for Brexit-related training or professional advice announced
The Government has announced the launch of a £20 million SME Brexit Support Fund, intended to help SMEs with the new rules that apply to trading with the EU following the end of the Brexit transition period. The fund offers grants worth up to £2,000 to enable businesses who trade only with the EU and…
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What you need to know about the end of the Northern Ireland grace period
It has been revealed that the European Commission is unlikely to accept the Government’s proposition of a two-year extension to the Northern Ireland grace period. With reports suggesting that the Union will consider a three-to-six-month extension at best, what does this mean for businesses transporting goods into Northern Ireland? What is the Northern Ireland grace…
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Download our latest Brexit Guide to understand the complexities of post-Brexit VAT
Thousands of businesses across the UK have been having to get to grips with new rules surrounding VAT, imports and exports since the Brexit transition period ended at the start of this year. To help, our experienced team have put together a detailed guide on post-Brexit trade and the new rules around VAT on imports…
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