Import VAT & Duty Deferral Scheme
From the beginning of next year, it will be possible for importers (or those who represent importers) to use a VAT and Duty deferral scheme in order to postpone their payments of VAT and Duty. The scheme also allows importers to pay the import VAT/Duty of all...
Daily News Round Up November 30th – December 4th
Daily News 30th November 2020 Logistics News: Government Approves Post-Brexit Lorry Site Plans for a lorry site in Essex for customs checks after Brexit have been approved. It is hope that the airfield will be ready for use by 1st of January, the end of the Brexit...
VAT Payment Deferral Scheme Guide
Due to the massive disruption suffered by all UK businesses through the months of March and June 2020 thanks to the pandemic, the government announced in March that they would defer the payments of VAT for these months, and instead would allow businesses to wait until...
New Northern Ireland VAT Rules Explained
There has been quite a lot of confusion surrounding the new VAT rules that will come into effect from January 1st 2021. This has mainly been due to the fact that Northern Ireland will have dual status, in the sense that the country will stay aligned with the EU VAT... Daily News Round Up 23rd-27th November
Daily News 23rd November 2020 VAT News: Saudi Arabia To Review VAT Increase In July, Saudi Arabia decided to triple their value-added tax from 5% to 15% in reaction to the economic crisis caused by the pandemic. However, the minister of commerce has announced that...Recent Posts
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