Clearly, the most pressing, current issue for most businesses in the UK at the moment, is the impact of COVID-19; how to deal with lockdown and what will happen in the future. However, unless there is a radical change in Government policy, Britain will exit the Brexit transition period on 1 January 2021 and trade barriers will come into force. This means that businesses trading goods cross-border between the EU and UK will have to submit customs declarations and goods will be liable to checks at the border. As things stand, this will include transactions between GB and Northern Ireland. [...] Read More

Cash Flow comes second, Client Confidence third. [...] Read More

As the Government starts to plan their exit strategy to gradually lift the lockdown, how can you prepare your business? [...] Read More

In this article we look at the 14 ways that VAT could impact and benefit your current cash flow situation, which is especially prevalent during COVID-19. [...] Read More

The Upper Tribunal decision in the case of HMRC v Royal Opera House Covent Garden Foundation (“ROH”) concludes that VAT on production costs cannot be attributable to, and is not a cost component of, taxable supplies of catering or ice-cream sales. The decision in this case could have wider implications for any partly exempt business. [...] Read More

Rishi Sunak has announced further support for SME’s with the creation of the ‘Bounce Back’ loan facility. Loans of between £2,000 and £50,000 will be made available to SME’s and supported by a 100% government guarantee. [...] Read More