HMRC issues a payroll error warning about work place pension contributions
Employees can save for their retirement through a workplace pension arranged by their employer. Every payday, a percentage of your pay is automatically deposited into the pension scheme. Most employers also contribute to your pension scheme. The government may also offer you tax relief. Some employers are incorrectly processing workplace pension contributions, according to HMRC. […]
New Customs Arrangements from January 2022
As of 1 January 2022, Brexit customs arrangements will change, and this article explains what will change, as well as how to prepare before moving your goods. The following changes took effect on 1 January 2022 for imports from the EU (except Ireland) to Great Britain: For all goods being brought into Great Britain by […]
Main facts about the One-Stop Shop (OSS) scheme
As of 1 July 2021, all member states of the European Union will implement a new e-commerce VAT system which includes a One-Stop Shop (OSS) and Import One-Stop Shop (IOSS). Both of those programs aim to simplify compliance obligations so as to promote cross-border online trade and trade across the EU. What is OSS? OSS […]
Buying and selling goods in the EU after Brexit
Your company buys and sells goods, and your business has the opportunity to engage in business with EU customers and suppliers for the first time since recent growth in trading. Are there any VAT issues you need to consider with Brexit in mind? Appropriate registrations When a GB-based business imports or exports goods, a GB […]
How to Maximise Dividends When You Can?
The pandemic has made our lives difference with some business owners having been disadvantages as they used dividends as a profit extraction. The article will shed some light on how to extract profits from your company most efficiently and avoid being disadvantaged in future. Profit extraction and tax efficiency To maximise tax efficiency a director […]
New Distance Selling Regime with the EU: New Challenges and Advice. IOSS and OSS
The new EU B2C distance selling regime that came into force in July 2021 has affected all the supply chains from UK businesses trading with the EU to the end customers. In this article we explore how out clients have been coping since the introduction of the new IOSS and how we can help them […]