Buy Now Pay Later Rishi Sunak delivered his second Budget yesterday, with a three-point plan firstly to support business, secondly to fix the public finances, and thirdly to build the economy. The Chancellor’s budget very much intends to continue to provide extra funding to support the economy during the next…
The domestic reverse charge for VAT has been talked about for some time, but after a number of delays, has finally come into force from 1 March 2021. The government has introduced the domestic reverse charge in an attempt to minimise tax fraud in the construction industry, specifically businesses collecting…
There have been a number of changes to VAT and customs duties as a consequence of the UK leaving the EU VAT and customs areas on 31st December 2020. This update summarises the key considerations when trading with overseas business customers. Please be aware that this is relevant to you…
We would like to make you aware of a number of recent changes to the government’s coronavirus business support schemes. Local Authority Grants Eligibility Check for Coronavirus Financial Support The government website now has a facility for you, to be able to answer some basic questions in order to tailor…
Winter Economic Plan Last week the Chancellor of the Exchequer, Rishi Sunak, announced a number of new business support measures as part of his Winter Economic Plan. Although Mr Sunak was keen to stress that his primary goal for economic policy remains unchanged; to support people’s jobs, there is a…
We would like to update you on a number of matters: Summer Statement The Chancellor, Rishi Sunak delivered his summer statement yesterday. This included a number of measures designed to minimise the economic harm arising from the virus. We have summarised the most important measures below: Job Retention Bonus Employers…
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