RESOURCES

Brexit

Short-term Visitor Rules for overseas workers in the UK

Overview The aim of this note is to provide an update on our understanding of some of the rules that came into effect from 1 January 2021. As we have mentioned in previous notes , the rules place significant restrictions on the ability of EU citizens (including overseas directors of UK companies) to work in […]

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£2,000 Brexit Support Fund

£2,000 Brexit support grant to help businesses understand UK import and exports HMRC sent an e-mail yesterday reminding businesses about the Brexit Support Fund – a grant of up to £2,000 to help businesses get advice and training on import and export matters. Applications need to be made by 30 June 2021. Note that this […]

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On Furlough? Need to apply for Pre Settled Status?

Purpose of note The purpose of this note is to remind European nationals (and their employers) that they need to apply for UK ‘Pre Settled Status’ by 30 June 21. If they don’t, they will need to follow the points-based immigration rules, which will make it much more difficult for them to work in the […]

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Proforma and Commercial Invoices

Purpose of note Some of our clients have asked us to explain the difference between a Proforma and a Commercial Invoice. This note describes the differences, explains when each should be used and what information each should contain. Since most of our clients are overseas businesses that do business in the UK, I have written […]

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2021 Budget Update

Aim of note The aim of this note is to summarise some of the policies announced in yesterday’s budget. I have selected the points that are most likely to be relevant to our clients. The list is not meant to be comprehensive. You can see a summary of the points here and the full budget […]

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Xero – import & export VAT post Brexit

Overview From 1st January 2021 (post Brexit) new rules apply for accounting for import and export VAT. This has made recording imports and exports on Xero quite a lot harder. This note explains some of the new rules and how to record import and export transactions in Xero. You can see a similar note for […]

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QuickBooks – import & export VAT post Brexit

Overview From 1st January 2021 (post Brexit) new rules apply for accounting for import and export VAT. This has made recording imports and exports on QuickBooks quite a lot harder. This note explains some of the new rules and how to record import and export transactions in QuickBooks. You can see a similar note for […]

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Directors Working in the UK

Overview The aim of this note is to provide an overview of some of the rules that came into effect from 1 January 2021 . The new rules place significant restrictions on the ability of EU directors of UK companies to perform directorial duties in the UK. In reading this note it is important to understand that […]

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Working in the UK – Points Based Immigration System

Overview – Post Brexit Working in the UK A new immigration system was introduced on 1 January 2021. This applies to people that want to work in the UK. It will apply if they come to the UK from either Europe or outside of Europe. So, for the first time in many years EU citizens […]

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New VAT rules for overseas sellers

Overview The aim of this note is to explain some of the new VAT rules that overseas sellers will need to follow after Brexit. In this context an overseas seller is a business that is established outside of the UK and doesn’t have an establishment within the UK.  The changes are reasonably complex because there are […]

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