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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 […]

EU VAT changes OSS and IOSS From 1 July 2021, the EU will create a similar One-Stop-Shop (OSS) for B2C suppliers of all services and goods. Which will remove the requirement for a business to have multiple VAT registrations. It will report obligations in the EU. At the same time, the distance sales threshold will

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

UK businesses no need Italian fiscal representative UK companies no need Italian fiscal Representative. Since the UK’s withdrawal from the European Union was approved on 24 December, there have been a number of outstanding issues, especially in the trade field. The UK’s exit from the European Union, also known such as “Brexit”, the writer received

Employees Pay Review As a new financial year approaches, business owners will take the opportunity to employees’ pay review. 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 next April, with the rate going up from £4.15 to £4.30 an

How the EU VAT reform impact Amazon PAN European FBA? Amazon pan-European FBA helps you to sell across Amazon’s European marketplaces. It’s enable to placement of your inventory closer to customers. You send your products to an Amazon fulfilment centre in Europe. Amazon then allocate your inventory for storage across our European fulfilment network in

After Brexit deal, VAT issues and customs procedures in Germany After Brexit deal, VAT issues and Customs procedures in Germany, due to the mutual assistance protocol that is part of the Brexit deal. There have been some simplifications to the fiscal representation requirements in certain countries. There were some EU member states that relaxed or

Pay As You Grow available on bounce back loan scheme  Pay As You Grow options, which allow borrowers to tailor repayments to suit their circumstances, have been made available by the Chancellor to businesses taking advantage of the Bounce Back Loan Scheme. This means businesses now have more time and greater flexibility to repay loans

VAT Rules for Overseas ecommerce Businesses One of the key VAT rules for overseas Ecommerce businesses is determining which countries VAT is payable in. When goods are sold on an online marketplace. This can be important because of the joint and several liability rules imposed by HMRC for online market places. What is an online marketplace?

VAT Rules for Dropshipping What is dropshipping business? Dropshipping business is a retail fulfilment method where your Ecommerce business does not keep any produce in stock. Instead, when you sell a high profit dropshipping products, you purchase the item from a third party and then have it shipped directly to the customer. You never actually