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.

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.
 

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.
 

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.
 

In early October, the EU’s Economic and Financial Affairs Council (Ecofin) decided to green-light a proposal for e-books to have the same VAT-free status as their printed counterparts. 

In early October, the EU’s Economic and Financial Affairs Council (Ecofin) decided to green-light a proposal for e-books to have the same VAT-free status as their printed counterparts. 

It is now nine months to go until GDPR legislation comes into place. After a long four years of debating, during April 2016 the General Data Protection Regulation (GDPR) was ratified by the European Union and comes into place on the 25th May 2018.

It is now nine months to go until GDPR legislation comes into place. After a long four years of debating, during April 2016 the General Data Protection Regulation (GDPR) was ratified by the European Union and comes into place on the 25th May 2018.

Thousands of British organisations will receive guarantees over EU funding in a new move by Chancellor Philip Hammond last month.

Thousands of British organisations will receive guarantees over EU funding in a new move by Chancellor Philip Hammond last month.