Facing an almost empty House of Commons yesterday lunch-time (television viewing numbers yet to be announced!), the Chancellor presented his long-awaited second full Budget.
The challenge the chancellor faced was double edged: begin to recoup the £407bn state bill for tackling the pandemic (comparable to the two world wars), without choking the economy just as the cogs might begin to turn.
The headline was the only apparent increase in tax rates, being the raise of the Corporation Tax rate from 19% to 25% for companies with profits over £250,000, with effect from 1 April 2023. The 19% rate is retained for trading and (most) property investment companies with profits up to £50,000 – but even for those companies, once profits exceed £50,000, a tapered rate will be introduced until profits reach the £250,000 limit. To avoid avoidance, profits between group companies under common control are proportionately reduced, akin to the mechanisms prior to Budget 2015.
The effect will mainly hit larger companies, but the change will also discourage the incorporation of profitable sole trades or partnerships. No reduction of the dividend tax rates to reflect the additional underlying Corporation Tax is afforded, meaning that the effective overall rate of tax on profits earned in a company and extracted by way of dividend could now be as high as 54.5% in some circumstances, though more commonly 49.4% (for a higher-rate taxpayer).
Other taxes were increased by stealth – that is to say, in an indirect manner. Allowances and tax bands have been increasing over the past several years to reflect inflation, however yesterday the Chancellor gleamed when he announced the removal of indexation and fixing of allowances, tax bands, or both for the next five years. This applies to the following, with the effect of dragging taxpayers to higher tax brackets as they get richer – more commonly known as “fiscal drag”:
Other rules did lend themselves to favouring trading businesses, be they companies or individuals:
The wider economy
Whether you’re an existing client or don’t yet use our services, we would be pleased to help you. Contact Mouktaris & Co Chartered Accountants for expert advice or click here to subscribe to our Newsletter. Budget Highlights and tax data following Budget 2021 can be viewed on our website here.
As a hair salon or barber shop owner, you aim to run your business in a way that maximises revenue, reduces costs, and ensures a good working relationship with your staff and customers. It is important to choose the right model that suits your business needs from the outset. We discuss below three different models of business:
Full Operation
Full operation is the most involved and therefore carries the capacity for highest profits. This model also incurs the highest administrative costs, both in terms of money and time, including:
Self-employed basis
As senior manager, you could continue operating the business, whilst moving some of your staff to a self-employed basis. The benefit of transitioning could save money in the following ways:
Should you pursue this model, it would be worthwhile implementing a service contract with the freelancers, to ensure that both parties’ expectations are understood. Of course, the risk of a barber turning up late, taking a day off or poaching clients for their own business remains. You should take on full advice, including with respect to legislation around self-employment.
Internal Controls
If you are not present at the salons throughout the day, it would be worthwhile implementing Internal Controls. These should be considered especially if you will continue to operate the salons, or even if you plan to sub-let at a variable rate dependent on performance. Internal Controls for cash sales and collections include:
Internal Controls to accurately track employee time should be considered if you are paying your staff per hour, either as employees or subcontractors. To help you accurately monitor and control employee timesheets, we have helped our clients implement an app-based time management software which you or your management could use to organise rotas.
Chair rental
There are three models to renting out chairs:
With option 1, if there is a high volume of customers for a particular chair you will lose out on sales as the freelancer will take all of the earnings. Option 2 avoids this problem, however if the freelancer doesn’t turn up for work then you lose out on rental income compared to the first model. A combination of the two methods is arguably the best way forward, however it would require monitoring of sales figures. The incentive agreement should be set at a level where the freelancers have the potential to make more money than they currently do.
You would need to charge VAT on rental income should your turnover exceed £85,000. A non-VAT registered freelancer would then suffer the VAT. Of course, the barber may also seek VAT registration, depending on his or her particular circumstances.
Compared to the full operation model with staff there will be no wages, national insurance and pensions costs however sales will be limited as per your agreement with the freelancers. Should you pursue this model, it would be worthwhile:
An additional risk compared to an employee-based model is that freelance workers may come and go, thereby requiring more management time to maintain occupancy.
Shop rental
This option is the least involved. If you do not foresee a pick-up in footfall in your salon, you may consider subletting your salon and collecting the passive income. You should bear the following points in mind:
Summary
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Under the right circumstances, which can of course be shaped, intercompany loans are an effective means of funding further profit or not-for-profit motives. Consider Mr Trader, who is director and sole shareholder of Company T, a trading company. Company T has grown with accumulated profits in excess of £2m, matched by substantial cash balances. Mr Trader has decided to set up a not-for-profit organisation, ReMobly Ltd, aimed at rehabilitating injured athletes back into competitive sport. In addition to Mr Trader, two other directors will be appointed to the board of ReMobly Ltd and each of the three persons will own 33% of the ReMobly Ltd share capital.
ReMobly Ltd is seeking to raise capital to begin its operations and Mr Trader is considering the most apt means of lending money to the not-for-profit organisation. There are three issues which spring to mind…
Loans to participators
In view of the large cash balances that have accumulated in the company, Mr Trader considers lending money from Company T to ReMobly Ltd. CTA10/S455 applies to loans/advances made by a close company to its participator, or an associate of its participator. Broadly, where a close company makes any loan to an individual who is a participator (or an associate of a participator) in the close company, then the close company is due to pay tax under CTA10/S455. The not-for-profit is not classed as an associate of Mr Trader (so far as section 448 of Part 10 of the Corporation Tax Act 2010 is concerned), therefore the loan can be made by Company T without corporation tax implications under CTA10/S455.
It is also important to analyse CTA10/S459, which applies if there are arrangements made by a person whereby a close company makes a loan or advance that is not subject to tax under CTA10/S455, and another person makes a payment to a relevant person who is either a participator of the company or an associate of such a participator. In this case there is a proposed “loan or advance” from a close company. However, there is not then a payment by a person other than Company T to a relevant person who is a participator in Company T or is an associate of such a participator. Indeed ReMobly Ltd is not a relevant person who is an associate of Mr Trader, because a relevant person has to be an individual or a company acting in a fiduciary or representative capacity (CTA10/S455(6)). Therefore the loan can be made without corporation tax implications under CTA10/S459.
Loan write off
There is a possibility that the future activities of ReMobly Ltd will be inadequate to allow for the repayment of the loan made by Company T, under the terms of the loan agreement. If both parties are companies and both are found to be under the common control of another person, company or individual, at any time in the accounting period, then no bad debt relief will be available on the release of the loan, and no taxable credit will arise to the company whose indebtedness is forgiven. Company T and ReMobly Ltd are not under the common control of another person and are therefore not considered to be connected. The debit for the loan write off will be allowable for Company T (most likely as a non-trade loan relationship deficit). The corollary is that a taxable credit will arise to the not-for-profit.
Anti-avoidance
The main anti-avoidance rule will also need to be considered in FA 1996, Sch 9 para 13, the ‘unallowable purposes’ rule. This will deny relief for so much of a debit where the loan or part of the loan is attributable to an unallowable purpose. An unallowable purpose is any purpose which is not amongst the business or other commercial purposes of the company, Company T. If taken literally, this would seem to be cast fairly widely. In general however, if the loan relationship rules are seen to be fairly applied to both parties, HMRC seem content in leaving matters undisturbed.
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The following scenario often arises with our client Mr Investor, who is considering investing in an early-stage business. Wonderful Ltd is an established FinTech company which has developed a track record of an established user base, consistent revenue figures and other key performance indicators. Wonderful Ltd is now seeking to raise Series A funding of £1.5 million in order to further optimize its user base and product offerings. Mr Investor has received an Investment Memorandum for the funding round and is considering allocating a small proportion of his investment portfolio. Mr Investor has asked his accountant to run through the Investment Memorandum with him and has identified five reasons why he wishes to invest. Being an early-stage business, Mr Investor acknowledges that the investment is inherently high-risk, but he really believes in the founder Mrs Wonderful, who attended the same university. The generous Enterprise Investment Scheme (EIS) tax breaks “cushion” the risk element of the investment (see below) but nonetheless, the minimum investment of £75,000 is punchy for Mr Investor.
Mr Investor has an idea. Can he pool together capital from two other friends in order to meet the £75,000 minimum investment? Will each investor still be eligible for the EIS tax relief for joint investment?
Joint Investment – A Problem Shared is a Problem Halved
In short, there is a way to pool funds in order to meet one investment clip of £75k. EIS relief is available for an individual who makes the subscription on his or her own behalf, with two notable exceptions:
Mr Investor can therefore form a bare trust with his friends (as in point 2) in order to make a direct investment jointly. Where shares are issued to a bare trust on behalf of a number of beneficiaries, each beneficiary is treated as having subscribed, as an individual, for the total number of shares issued to the bare trustees divided by the number of beneficiaries. This creates an important limitation in that each of the three friends should invest an equal percentage in Wonderful Ltd.
Paperwork
Wonderful Ltd should provide each subscriber form EIS3 showing the total number of shares subscribed for on Page 1 of the form. Form EIS3 Page 3 should show the amount on which each owner is entitled to claim the tax relief for the shares, that is the fractional amount of the total subscribed.
Tax Relief?
Whilst joint investment does not preclude EIS tax relief, Mr Investor and his associates must of course check that all the other EIS eligibility criteria are met for EIS tax relief to apply. Mouktaris & Co can provide a checklist of questions to ask in order to determine whether tax relief under EIS is available to an investor in shares. The target company may produce an Advance Assurance document to potential investors demonstrating that HMRC accepts the investment under the scheme, however Advance Assurance will not tell you if an investor would meet the conditions of the scheme.
EIS Investment Funds
A different route (via point 1 above) would be for Mr Investor to invest via an EIS investment fund, which is structured as a nominee vehicle which invests funds in EIS-qualifying companies on behalf of investors. This vehicle would provide Mr Investor with a more diversified risk exposure to early-stage businesses, as his £25,000 investment would be spread across a number of target companies identified by the fund manager. Wonderful Ltd may seek to market its strengths to the EIS investment fund manager so as to be included in the fund’s equity holdings. So in fact Mr Investor could in the future invest in Wonderful Ltd through an EIS investment fund without necessarily being reliant on his friends’ capital.
EIS for Investors: Advantages
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In a partial repeat of the announcement made by the Chancellor on 5 November 2020, the government has announced extensions to the furlough scheme and three of its business loan schemes:
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Calls for a wealth tax have so far been made with little impact, amid fears that a levy on assets would not go down well with conservative – or even not-so-conservative voters, and could hurt people with valuable homes but little cash. However, the Wealth Tax Commission said the timing was ripe for radical change due to the devastating impact of Covid on the public finances and on inequality in Britain.
The Wealth Tax Commission was established in Spring 2020 to ‘provide in-depth analysis of proposals for a UK wealth tax’. It’s not a government body, but a ‘think-tank’ funded by the London School of Economics, Warwick University and the Economic and Research Council (itself a public body). The Commissioners comprise a senior academic from the LSE and Warwick university and a very well-known tax barrister.
Whilst conclusions published last week may therefore not directly reflect government policy, they do propose an academic and practical solution to shore up public finances in these times of crisis – and should be afforded some serious attention. Readers may consult the full 126-page report here. For those with less time, the key points are below.
The report does not argue for the idea of an annual wealth tax. However, it’s strongly in favour of the levying of a wealth tax on a one-off basis to deal with an exceptional need – being that of repairing the alarming hole in public finances caused by coronavirus. The basic premise is therefore based not on redistribution but pragmatism – and the best place to get the money is from people who have it.
Interestingly, that pragmatism contrasts with the reasons that people who support the idea of wealth tax give for doing so: ‘filling a hole in public finances’ comes in only at fourth place, after ‘the gap between rich and poor is too large’; ‘the rich have got richer in recent years’; and ‘better to tax wealth rather than income from work’.
The report leans on a simplified design and implementation to maximise the efficacy of the tax – with the scope to avoid the net limited to such matters as redistribution, relocation or releveraging – all within a potentially short period of time.
How do the Commissioners propose a Wealth Tax should work?
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It can be daunting going to work in a foreign country, or coming to work in the UK. Understanding how tax and social security are affected by making such a move can add to the list of complexities you have to deal with.
CONFIRMING UK TAX RESIDENCE
As a new UK resident, foreign tax authorities are often forthcoming with their requests for proof of UK tax residence. The tax authority in Greece for example may require a former resident of Greece to prove that he or she is now regarded by HMRC as a resident of the UK. Customers may also want HMRC to confirm that they are regarded as UK resident so that they can claim relief from foreign taxes which they might be entitled to under the domestic law of the foreign state rather than under the terms of the UK’s DTA with that other state.
Our personal tax desk at Mouktaris & Co is thoroughly versed in the process of obtaining proof of UK tax residence. As a first step, it’s important to distinguish what exactly is required.
LETTER OF CONFIRMATION OF RESIDENCE VS CERTIFICATE OF RESIDENCE (COR)
A Letter of Confirmation of Residence is confirmation that the taxpayer is regarded by HMRC as a resident of the UK for purposes other than claiming relief from foreign taxes under the terms of a Double Taxation Agreement (DTA).
The worked required to obtain a Certificate of Residence (CoR) on the other hand is more involved and will require the taxpayer to outline the following:
TAX RESIDENCE WHEN COMING TO THE UK, OR LEAVING THE UK
Having moved to the UK, an overseas assignment may turn out to be a permanent move; similarly a stint abroad may be intended for a finite length of time. In any case the length and timing of one’s time spent outside the UK, any return visits made to the UK and what personal ties are maintained with the UK are important. These factors will determine tax residence when coming to the UK in the year of arrival, or leaving the UK in the year of departure. The taxation of residents and non-residents is very different.
ADVISING ON TAX RESIDENCE IN THE YEAR OF ARRIVAL OR LEAVING
Based on the above and in order to advise properly, it’s important to:
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For many, Brexit continues to be the undefined, being negotiated by the unprepared, in order to get the unspecified, for the uninformed. For others, Boris Johnson’s hard-knuckled talk, timed to boil down to deadline day, represents the dominant strategy that always had to be played against a fiercely rigid opposition- one that also risks losing out, albeit less than the protagonist.
In this post we will focus on practical examples of trading in goods post Brexit on 1 January 2021, paying special attention to taxation.
IMPORTER OF EU GOODS
Dom is a spectacles retailer based in England. Some of the spectacles he sells are purchased from a Spanish supplier called Ojos. What will be the difference between shipments arriving after 1 January 2021 compared to now?
In short, all imports of goods arriving into the country will be subject to import VAT and potentially customs duty. Traders will require an EORI number to move goods between the UK and non-EU countries.
Import VAT and Postponed Accounting
Concerning VAT, there will be no difference in Dom importing goods from an EU or non-EU country. “Postponed accounting” will be available for all imports made by a VAT registered business- that is for both EU and non-EU imports. Postponed accounting means Dom will declare and recover import VAT on the same VAT Return, rather than having to pay it upfront and recover it later. This is a cash-flow benefit for businesses that previously imported from outside the EU where VAT was paid on arrival and later claimed as input tax on a VAT return up to three months later. Import VAT certificate (C79) will no longer be issued, but can instead be downloaded from the HMRC website.
Dom does not need to apply to use postponed VAT accounting: it can be requested automatically when the shipment arrives. If however Dom deregisters, VAT on future imports would be paid at the time of arrival in the UK and become an exra business cost.
Customs Duty
From 1 January 2021, Dom will need to make customs declarations when he imports goods from the EU. In some situations, you can delay making a declaration for up to 6 months after you imported the goods. For controlled goods such as alcohol and tobacco however, a declaration must be made when the goods arrive. You may want to get someone to deal with customs for you or find a customs provider to help you.
A comprehensive set of actions for goods importers can be revised by visiting gov.uk, including finding out whether you can use postponed VAT accounting and checking the rate of customs duty and VAT on imports.
Instrastat
For UK businesses that buy goods from EU suppliers exceeding £1.5m, intrastat declarations must continue to be completed in 2021 for arrivals of goods from the EU. For dispatches from the UK, the intrastat reporting obligations only apply to goods being ‘exported’ from Northern Ireland to any EU VAT registered customers in case a threshold of £250,000 is exceeded.
EXPORTS
Back to Dom, he has received an order from a consumer based in Germany for a pair of spectacles. Until 31 December 2020, Dom will ship it to the customer and charge UK VAT at 20%. If Dom sells more than €100,000 of goods into Germany in a calendar year, to non-VAT registered customers, he must register for VAT in Germany and charge 19% German VAT on future sales. This is the essence of the “distance selling threshold” rules.
From 1 January 2021, the situation changes. First, the distance selling rules become obsolete, as the UK is no longer part of the EU. Instead, any shipments of goods from a UK supplier will be subject to VAT and duty when they arrive in the other EU country, so 19% VAT plus duty in the case of Germany. Dom’s sales will be zero rated for UK VAT purposes, in the same way that exports of goods to non-EU countries are zero rated.
This may pose a commercial and competitive hurdle for Dom. If before 1 January 2021 Dom bought spectacles from Ojos in Spain for £50 and applied a mark-up of 100% plus VAT for his sales, he will charge £120 for a business-to-consumer sale in Germany. If after 31 December 2020 Dom now pays customs duty of say 5% when the goods are imported from Spain to the UK, this will yield a cost of sales figure of £52.50 and therefore a selling price of £105. The export to the German consumer will now be zero rated for UK VAT but subject to German VAT and customs duty when it arrives there. If the import duty was 10%, with the VAT added on top, this would yield a final selling price of around £137, that is £105 plus £10.50 duty and 19% VAT on £115.50.
Warehouses in Europe
Like Dom, there is the possibility that clients could face a double duty charge on goods arriving into the UK from an EU supplier and then shipped out to the EU again. An EU warehouse may be an option in this scenario, obtaining a local VAT number to buy and sell goods from there. The challenge is for each business to consider its supply chain and where optimal trading outcomes may lie. Afterall some goods that are standard rated in the UK might be subject to reduced VAT rates in other EU countries. And some goods will be duty free to help the position further.
OTHER VAT SCHEMES
Triangulation
Triangulation is another important VAT simplification that may be lost after Brexit. UK companies currently relying on triangulation in order to avoid the need to register for VAT in an EU Member State, will also need to assess their position. Such arrangements will no longer be available, and this may result in multiple VAT registration requirements.
Margin schemes
Margin schemes involve goods, such as the second-hand margin schemes. In October 2020, HMRC issued a policy paper ‘Accounting for VAT on goods moving between Great Britain and Northern Ireland from 1 January 2021‘. The paper suggests that margin schemes will remain available for sales of goods that are purchased in Northern Ireland or the EU, whether sold to customers in Northern Ireland, Great Britain or the EU. On the contrary, margin schemes will not usually apply for sales in Northern Ireland where the stock is purchased in Great Britain.
DUTY FREE
Concerning us all, the Treasury has published its policy decisions regarding duty free shopping carried by passengers across borders:
WHEN MIDNIGHT STRIKES
All the while it is worth remembering that a sub-plot continues to develop in the guise of late-in-the-day Brexit negotiations, akin to booking a GP appointment for a patient(s?) approaching life-support. A free trade agreement post-Brexit is not the whole solution for UK traders. Many of the practical issues of moving goods will not be resolved by a free trade agreement. A free trade agreement will not remove the obligation to submit customs declarations for example, therefore problems with who is legally permitted to make declarations on export and import will arise. A deal would provide for tariff-free trade on goods that qualify as EU or UK made, helping cushion the blow for sensitive sectors including automotive and agriculture. It would also include other measures to help trade flow — recognition of truckers’ permits for example. Most trade experts agree it would be better than nothing.
HOW TO PREPARE FOR BREXIT – CHECKLIST
We would urge our clients to visit gov.uk/action-2021 for a step-by-step revision on how your business may be affected.
The Institute of Chartered Accountants in England and Wales has prepared a quick-start guide, outlining a variety of areas that could impact your business post Brexit, to help you prepare for when the transition period has ended. 10 questions to ask include:
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To start off with some good news, the rules for services will largely remain unchanged after 1 January 2021- as things stand.
Trading in services with the EU can be categorised into three broad scenarios which will cover most UK traders.
Sales of business to business (B2B) services
The general B2B rule (VAT Notice 741A) stipulates that if the customer is outside the UK and in business, no UK VAT is charged on the services in question. The one change come 1 January 2021 concerns EU sales lists, which will not need to be completed.
Practically, it would still be wise to show the EU customer’s VAT number on the sales invoice, because it’s the best evidence of a B2B deal (though there are other source documents). Afterall it is the B2B outcome which means the place of supply is the customer’s country, thereby making the supply “outside the scope” of UK VAT.
Buying services from EU suppliers
The status quo is that a VAT-registered UK business that buys services from abroad must apply the “reverse charge”. This applies to supplies not just from the EU. After 31 December 2020, nothing is planned to change.
Where the reverse charge applies to services which you receive, you, the customer, must act as if you are both the supplier and the recipient of the services. You simply credit your VAT account with an amount of output tax, calculated on the full value of the supply you’ve received, and at the same time debit your VAT account with the input tax to which you’re entitled, in accordance with the normal rules. If you can attribute the input tax due under the reverse charge to your taxable supplies (and so can reclaim it in full) then the reverse charge has no net cost to you. This tends to be the case if you are in business. If you cannot attribute the input tax due the effect is to make you pay VAT on the supply at the UK rate. This puts you in the same position as if you had received the supply from a UK supplier rather than from one outside the UK.
Sales of business to consumer (B2C) services
The general rule is that VAT is charged based on the location of the supplier, as opposed to of the customer with B2B. So if a UK accountant completes a tax return for a private individual living in France, the fee will be subject to 20% UK VAT. Where a B2C customer resides outside the EU, say in Canada, most professional services are not subject to UK VAT. The services for which this rule applies are listed in VATA 1994, Sch 4A para 16 and VAT Notice 741A, paragraph 12.
One consideration for these late-in-the-day Brexit negotiations is whether legislation will be passed to remove the difference between selling services to an EU versus a non-EU consumer. As things stand and per the HMRC press announcement, following 31 December 2020 no VAT will be charged on B2C services supplied to EU customers under UK VAT law for the professional services in question. So the accountant will no longer charge UK VAT to their B2C customer in France. The only way this would change is if the French tax authorities introduced a “use and enjoyment” rule for B2C accountancy services, so that work for customers living in France would be subject to French VAT.
Use and enjoyment rules
The use and enjoyment rules are intended to make sure taxation takes place where services are consumed, where either services are consumed within the UK but would otherwise escape VAT, or they would be subject to UK VAT when consumed outside the UK and EU.
Effective use and enjoyment takes place where a recipient actually consumes services irrespective of the contractual arrangements, payment or beneficial interest. The services covered by these rules are:
By way of example, consider a Canadian based videographer (in business) who tours the UK to video the Lake District, for a Canadian broadcaster. The Canadian videographer has hired a camcorder from a UK shop for a fee of £3,000. Under the general B2B rule, no UK VAT is charged on that sum- the place of supply being Canada- but now the use and enjoyment rules means that the place of supply reverts to the UK, where the camcorder is being used. He will be charged £600 VAT by the shop. This is the position that will take effect from 1 January 2021, for any businesses based outside the UK, including EU countries.
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Are you ready to do business with the EU?
With just over one month to go until the end of the transition period, there will be new rules to follow when trading with the EU post Brexit, from 1 January 2021 onwards.
The UK government seems intent on following through with its “no-deal” guidance, as it stands, despite not defining in any clear terms what benefits lie beyond. What is clear, is that the global playing field has evolved- consolidated, even since one month ago. The US president-elect has expressed his discord with a disjointed Europe and in Asia, fifteen countries have formed the world’s largest trading bloc, covering nearly a third of the global economy. One would expect these factors to shape the course of dialogue in the latest round of Brexit negotiations. Let’s hope it all proves to be a big anti-climax- which at this stage may come at best only in the form of a “window dressed” political agreement of reduced or zero tariffs.
We digress. You can find out what you need to do, as a business or as a citizen, by going to gov.uk/action-2021. The top actions you need to take now are:
Check the new rules on importing and exporting goods between the EU and Great Britain from 1 January 2021
Your business could face delays, disruption or administrative costs if you do not comply with new customs procedures from 1 January 2021. We will be releasing additional guidance on trading with the EU, specifically concerning VAT and import duties, in due course. A policy paper on how the border with the European Union will work after the transition period is available at gov.uk/government/publications/the-border-operating-model.
If you are planning to recruit from overseas from 1 January 2021, you will need to register as a licensed visa sponsor
You may not be able to legally hire people from outside the UK if you do not have a licence. New employees from outside the UK will also need to meet new job, salary and language requirements. Irish citizens and those eligible under the EU Settlement Scheme are not affected.
Use gov.uk to identify changes affecting manufactured goods, such as new marking requirements or approval needed, to ensure your business is ready to sell them in the UK and EU
You may not be able to sell your goods in the UK and the EU from 1 January 2021 unless you act.
If you are moving goods into, out of, or through Northern Ireland, check the latest guidance
Whether you’re an existing client or don’t yet use our services, we would be pleased to help you. Contact Mouktaris & Co Chartered Accountants for expert advice or click here to subscribe to our Newsletter.