Brexit Implications - Customs
The UK left the EU on 31 January 2020. The withdrawal agreement provides for a transition period which ends on 31 December 2020. Until that time nothing changes and EU law continues to apply.
Read full articleBrexit Implications - VAT
The UK left the EU on 31 January 2020. The transition period is due to end on 31 December 2021 unless there is an extension. Until that time the existing VAT rules will continue to apply.
Read full articleForensic Accounting Update
The long-awaited 8th edition of the Ogden Tables has now been published by the Government's Actuary Department, almost a decade after the 7th edition in 2011 (although supplementary tables were published following the Discount Rate changes on 20 March 2017).
Read full articleHMRC Crown Preference Restored from 1 December 2020
On 22 July 2020, the Finance Bill 2019-21 received Royal Assent, meaning that from 1st December 2020, HMRC will once again rank as a secondary preferential creditor in insolvencies.
Read full articleSummer Statement Update
The Chancellor announced his Summer Statement on 8 July. This is the second phase of the Government’s economic plan to battle the Coronavirus pandemic.
Read full articleOUTLAYS – Postal Searches
HMRC has published a brief which now removes the concession for postal searches which allows solicitors to treat fees for postal searches as disbursements.
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