Michael Gove has this week announced a £20million SME Brexit Support Fund to help small businesses cope with changes to the trade rules with the EU. Traders will be able to apply for a grant of up to £2,000 to pay for support for importing and exporting. This will include new customs, rules of origin […]
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New UK Subsidies System announced
Business Secretary Kwasi Kwarteng has announced a new subsidy control system for the UK, following Brexit. This is aimed at providing more flexible and tailored support to businesses to encourage job creation and growth across the UK, and replaces the EU’s state aid regime. A set of UK wide principles will guide decisions around subsidies […]
Read MoreBrexit Transition Webinars
On the 24th December 2020, a trade deal was announced that avoided a ‘No Deal’ end to the Brexit Transition period. To enable business owners to familiarise themselves with the new customs processes, HMRC have announced a range of webinars. These include: Exporting: Actions you need to take now. An overview of the actions you need […]
Read MoreCoping with the end of Transition – HMRC Letters
HMRC has sent letters to VAT-registered businesses in Great Britain trading with the EU, or the EU and the rest of the world. They explain what businesses need to do to prepare for new processes for moving goods between Great Britain and the EU from 1 January 2021. Measures explained in the letter include: making […]
Read MoreA cashless society? Not yet…
The government is holding a six-week consultation to make sure that cash remains available to those who want to use it, throughout the UK. Announced in the March 2020 Budget, this has gained importance as COVID-19 responses has seen a huge surge in the use of contactless payment methods and online payments. Some sections of […]
Read MoreBrexit is looming!
Alongside the ongoing pandemic, we must bear in mind that we are only just over 70 days from the end of the Brexit transition period. Sadly, at this stage, there has been no agreement reached with the EU. We have no trade agreement, whether on terms similar to those that Canada has, and are looking […]
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