RESOURCES

Cross border trade

£2,000 Brexit Support Fund

£2,000 Brexit support grant to help businesses understand UK import and exports HMRC sent an e-mail yesterday reminding businesses about the Brexit Support Fund – a grant of up to £2,000 to help businesses get advice and training on import and export matters. Applications need to be made by 30 June 2021. Note that this […]

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UK VAT reclaims for overseas businesses

Purpose of note “Reclaiming VAT for overseas businesses” This note explains how an overseas business that is not allowed to register for UK VAT can still reclaim import and other UK VAT. This situation often applies to overseas companies active in UK construction projects. I have written it in response to a number of questions […]

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Proforma and Commercial Invoices

Purpose of note Some of our clients have asked us to explain the difference between a Proforma and a Commercial Invoice. This note describes the differences, explains when each should be used and what information each should contain. Since most of our clients are overseas businesses that do business in the UK, I have written […]

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Xero – import & export VAT post Brexit

Overview From 1st January 2021 (post Brexit) new rules apply for accounting for import and export VAT. This has made recording imports and exports on Xero quite a lot harder. This note explains some of the new rules and how to record import and export transactions in Xero. You can see a similar note for […]

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QuickBooks – import & export VAT post Brexit

Overview From 1st January 2021 (post Brexit) new rules apply for accounting for import and export VAT. This has made recording imports and exports on QuickBooks quite a lot harder. This note explains some of the new rules and how to record import and export transactions in QuickBooks. You can see a similar note for […]

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Directors Working in the UK

Overview The aim of this note is to provide an overview of some of the rules that came into effect from 1 January 2021 . The new rules place significant restrictions on the ability of EU directors of UK companies to perform directorial duties in the UK. In reading this note it is important to understand that […]

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Working in the UK – Points Based Immigration System

Overview – Post Brexit Working in the UK A new immigration system was introduced on 1 January 2021. This applies to people that want to work in the UK. It will apply if they come to the UK from either Europe or outside of Europe. So, for the first time in many years EU citizens […]

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New VAT rules for overseas sellers

Overview The aim of this note is to explain some of the new VAT rules that overseas sellers will need to follow after Brexit. In this context an overseas seller is a business that is established outside of the UK and doesn’t have an establishment within the UK.  The changes are reasonably complex because there are […]

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Settled & Pre-Settled Status

Overview Europeans that already live in the UK can continue to live and work in the UK after 1 January 2021. However, they will need to apply for ‘Settled Status’ or ‘Pre-Settled Status’ by 30 June 2021. Lived in the UK for more than 5 years – apply for ‘Settled Status’ EU citizens who have lived […]

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