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Brexit

Small Business Brexit Support Fund

Since 15 March 2021, smaller businesses can apply for grants of up to £2,000 to help them adapt to new customs and tax rules when trading with the EU. 

Brexit Grant Applications For Funding Opened

Small and medium sized businesses that trade with the EU are now able to apply for grants of up to £2,000 to help them adapt to the new post-Brexit customs and tax rules.

Sage updates tax codes post Brexit

Sage has introduced new tax codes to make the process of recording EU and non-EU imports easier, following the announcement of the Brexit agreement.

Postponed VAT Accounting

What is postponed accounting? Postponed accounting means that the importer does not pay import VAT when goods arrive at a port or airport instead the VAT is deferred.

What now?

Even though many of the uncertainties that have plagued UK politics during 2019 are still to be decided, at least the hiatus in parliament has been resolved; the Conservatives now have a working majority and we can expect action on a number of fronts. 

Brexit risk assessment

It looks increasingly likely that we are heading for a no-deal Brexit. Taken literally, this means that our present relaxed trading relationship with customers and suppliers in the EU will cease at the end of October this year.

Increase in business liquidations caused by Brexit uncertainty

The number of businesses being wound up has soared to the highest level for five years as firms fight to deal with rising interest rates and Brexit disruption.

Increase in business liquidations caused by Brexit uncertainty

The number of businesses being wound up has soared to the highest level for five years as firms fight to deal with rising interest rates and Brexit disruption.

Spring Statement 2019: What you need to know

Against a backdrop of continuing uncertainty over Brexit, the Chancellor’s speech today was mainly concerned with economic matters and the government finances, which are very much dependent on what finally happens regarding Brexit.

Spring Statement 2019: What you need to know

Against a backdrop of continuing uncertainty over Brexit, the Chancellor’s speech today was mainly concerned with economic matters and the government finances, which are very much dependent on what finally happens regarding Brexit.

What is the government doing to prepare us for Brexit?

According to a recent announcement on the GOV.UK website, preparations include: • Recruitment of 700 new staff to work on EU Exit policy using additional funding allocated by HM Treasury for Brexit preparedness.  

What is the government doing to prepare us for Brexit?

According to a recent announcement on the GOV.UK website, preparations include: • Recruitment of 700 new staff to work on EU Exit policy using additional funding allocated by HM Treasury for Brexit preparedness.  

Businesses will need a UK EORI number to trade within the EU

HMRC has advised that in the event of a no-deal Brexit, UK businesses will need a UK EORI number to continue trading with the EU.  

Set your New Year resolutions

This is not the place to discuss your personal options, but this is an ideal time to consider your business and personal financial planning options for 2019. What are your options?

Set your New Year resolutions

This is not the place to discuss your personal options, but this is an ideal time to consider your business and personal financial planning options for 2019. What are your options?

Brexit: have you considered the VAT impact of relocation?

There are a number of tax risks arising from Brexit-driven relocation, but one of the most significant may turn out to be VAT. So, what VAT issues could be causing insurers sleepless nights amid the dark uncertainty that is the current Brexit negotiations?

London’s offshore financial services future

As a financial centre, London has long had an ‘offshore’ feel about it. Post-Brexit, those offshore characteristics are likely to strengthen, with implications for the UK’s regulation, taxes and infrastructure.  

The future of regulation in the shadow of Brexit

With the Prime Minister Theresa May indicating that there is insufficient time to replace European bodies with a new British regulatory regime, the implications of Brexit look to have limited short term impact on Financial Services regulation. However, beyond March 2019, what would a hard or soft Brexit look like in terms of future regulation?

Brexit contingency planning alert

Banks, insurers and designated investment firms undertaking cross-border activities between the UK and the rest of the EU need to provide the Prudential Regulation Authority (PRA) with information on their Brexit contingency plans by 14 July.  

Brexit already damaging East Midlands businesses

Research by Moore reveals that more than a third of local businesses (38%) said they were already suffering a negative impact as a result of the Brexit vote and just 8% of businesses in the region felt they had benefitted since the referendum result (compared to 16% nationally.)  

Brexit and the management of exchange rate fluctuations

One of the biggest challenges arising from Brexit is the management of exchange rate fluctuations.  For many owner managed businesses (OMBs) this can be something that they are not entirely comfortable with. 

1,800 UK hotel companies are at risk of going bust

The advantages of the fall in the value of sterling post-Brexit may not be able to overcome the other strong headwinds the sector faces, resulting in 1,800 UK hotel companies having at least a 30% chance of going insolvent within the next three years.

Brexit - in a spin

Senior Partner, Dickon Sandbach comments on Brexit