BREXIT - The Border with the European Union from January 2021

From 1st January 2021, the transition period with the European Union (EU) will end, and the United Kingdom (UK) will operate a full, external border as a sovereign nation. This means that controls will be placed on the movement of goods between the UK and the EU. The UK Government will implement full border controls […]

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Government to extend UK furlough scheme until end of October

The Chancellor has announced plans to extend the UK government’s flagship job retention scheme until the end of October but he will gradually cut the cost of the programme. The current scheme will continue until the end of July but will be amended between August and the end of October to “provide greater flexibility to […]

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Statutory Residence Test and COVID-19

HMRC have recently published new guidance on what exceptional circumstances for the purposes of the Statutory Residence Test and Coronavirus (COVID-19) are. The guidance says that the coronavirus (COVID-19) pandemic may impact individuals' ability to move freely to and from the UK or, require them to remain unexpectedly in the UK. Due to these circumstances […]

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Disposal of residential property - Capital Gain Tax Changes

From 6 April 2020, gains accrued on the disposal of UK residential property by UK resident individuals must be reported to HMRC and Capital Gain Tax must be paid within 30 days from the date of disposal. This new measure was introduced by Finance Act  2019 and requires a UK taxpayer to file a return […]

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Next steps to take to get ready for Brexit

RoRo after BREXIT October 2019 Dear Client All VAT registered business and import goods from the EU, will be affected by changes when the UK leaves the EU on 31st October 2019. You should now have a UK EORI (Economic Operator Registration and Identification) number that starts with ’GB’. This means you can move goods […]

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