VAT and Customs Duties affect the cash flow of most businesses. In the current financial climate, cash flow is more important than ever. We have found the following 10 VAT and Duty procedures can improve cash flow...
Over the years we have helped clients to maximise their cashflow and obtain favourable outcomes from Indirect Taxes. In these uncertain times we are here to support and share our knowledge so please contact your local VAT or Customs Duty specialist if you want to discuss your cash flow position or find out more about any of the above procedures.
Many business owners who were considering an exit may have been reviewing their plans after the Chancellor's changes to the Entrepreneur’s Relief in March, even before COVID-19 provided a further complication. The current situation tells us there is no certainty for businesses and business owners should consider their personal and professional positions, together with their aspirations, and review all options when considering their exit and succession planning.
HMRC have this week released initial guidance on eligibility for the UK Government’s new “Job Retention Bonus” and the process to claim. The scheme provides employers with payment of £1,000 for each furloughed employee who is retained following the cessation of the Government’s Coronavirus Job Retention Scheme (“CJRS”) on 31st October 2020. Further detailed guidance is expected to be released by the end of September 2020.
As the country is easing out of social and economic lockdown measures, and more businesses are opening back up, businesses in certain sectors have been asked to collect data from their customers to support the Test and Trace programme. This can be seen as a daunting prospect for small organisations who are not familiar with the data protection laws. In this insight, we provide practical information for those business wanting to support the newly introduced Test and Trace programme.
Many businesses are now planning for a return to work as the UK Government further lifts restrictions on the movement of people and the re-opening of businesses, with a phased return to “normality”. What will the new normal look like, especially for those involved in providing Professional Services?
Subject to Royal Assent, Finance Bill 2019-20 is expected to introduce significant changes for some trusts holding non-UK situs property which was settled by a non-UK domiciled settlor.