HMRC has announced that businesses can apply for a grant to help fund training and IT improvements for those that are involved/or will be involved in the completion and submission of Customs Declarations, as part of the preparations for the UK leaving the European Union.
If you are a business located outside the EU and you are selling goods to a UK consumer (via an online marketplace or via an alternative route), then you may need to register for and account for UK VAT on sales of goods. We can help.
Back in the summer when the deadline for a Brexit deal still felt reasonably far away, HMRC published guidance for businesses on what would happen to VAT in the “unlikely” scenario that we leave the EU without a deal.
In addition to the extension to the of the qualifying period for entrepreneurs’ relief from one year to two years, a disposal of shares in a personal company has also seen a change to tests of a ‘personal company’.