SME Brexit Support Fund

The deadline of 30 June 2021 for applications for government grants to help small and medium-sized businesses new to importing or exporting is rapidly approaching.

VAT, yachts and motorhomes

Some of the Bedrock team are rather partial to motorhomes, and indeed boats, so a recent CJEU (Court of Justice of the European Communities) judgement relating to the VAT treatment of caravan sites and harbours caught our eye.

VAT to be removed from e-books

The EU’s Economic and Financial Affairs Council (Ecofin) has finally decided to reduce VAT on online publications, including electronic books, newspapers and periodicals which will bring them into line with print publications and digital media.

Brexit and tax (again)

The implications for the UK tax regime post Brexit are still being worked through, but here we take a look at some likely changes.

VAT post Brexit

Over recent years there has been considerable harmonisation of tax legislation, particularly in relation to VAT, across the European Union. However now there are plans to overhaul the SME VAT scheme to simplify the rules for small businesses, and attempt to harmonise EU VAT rates and measures to improve intra-EU transactions.

EU consults on tackling tax evasion

The European Commission has launched a public consultation on whether there should be concerted EU action to tackle advisers and intermediaries who facilitate tax evasion and tax avoidance using aggressive tax planning schemes.

Airports bow to customer VAT pressure

To address concerns over how airport retailers are applying VAT to customer purchases the Airport Operators Association (AOA) and the UK Travel Retail Forum (UKTRF) have launched a Code of Practice to ensure greater transparency on how customers benefit from the VAT relief concession provided.

From me to EU to me to UK

Post Brexit we think it’s likely the Mini One Stop Shop mechanism (MOSS) will be extended to all companies selling to European based customers.


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