Additional assessment

Additional assessment for turnover tax delivered on time and determined on time in Netherlands

Administration and tax consultant X filed a supplementation declaration for 2012 with date 28 November 2013. The supplementation declaration has not been processed by the tax authorities pending legal proceedings regarding X’s VAT entrepreneurship. Ultimately, it was decided that X is a VAT entrepreneur. The Tax and Customs Administration informed X in a letter dated 20 November …

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Exempt beneficial loans

Exempt beneficial loans

An employee can obtain a benefit when provided with an employment-related cheap or interest-free loan. The benefit is the difference between the interest the employee pays, if any, and the commercial rate the employee would have to pay on a loan obtained elsewhere. These types of loans are referred to as beneficial loans. There are …

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New GST/HST rules

Preparing for Canada new GST/HST rules for online marketplace sales: What you should know

From July 1, Non-resident companies selling goods and services online in Canada will soon need to contend with new GST/HST rules for ecommerce services. Here, we outline the difficulties that will surface from Canada’s GST/HST rule changes.  Canada has taken the decision to change its GST/HST rules ,when Canadians purchase goods from non-residents online, at the …

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UK Budget 2021 Key Points

UK Budget 2021 Key Points

The Chancellor Rishi Sunak has announced a £5bn scheme for High Street shops and hospitality firms in England on new Covid grants, Restart loans, and dates in the Spring Budget. The number of ongoing supporting packages for businesses The government hopes to claw back some of the coronavirus support given to businesses by way of …

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The UK’s construction VAT reverse charge: cash flow issues and considerations

First announced in the 2017 Autumn Budget, the construction sector’s VAT reverse charge aims to tackle the issue of ‘missing trader’ fraud, which reportedly costs HMRC in excess of £100M in ‘lost’ tax revenue each year. Contractors on standard-rated construction projects charge their customers an additional 20% to cover VAT, with a responsibility to then …

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Employees pay reviewing process

As a new financial year approaches, business owners will be taking this opportunity to review their employees’ pay. Unfortunately, COVID-19 has made this a much harder decision than usual. The Treasury has announced the next increase in minimum wage for apprentices will be next April, with the rate going up from £4.15 to £4.30 an …

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Amazon Pan European FBA

Amazon Pan European FBA

Pan-European FBA helps you to sell across Amazon’s European marketplaces by enabling placement of your inventory closer to customers. You send your products to an Amazon fulfilment centre in Europe. We then allocate your inventory for storage across our European fulfilment network in those countries that you have enabled for inventory placement, in order to …

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