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.
EU tax matters
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.
Combating VAT evasion by non-EU online traders
As of this month the Fulfilment House Due Diligence Scheme opens for registration to help combat the abuse of VAT rules by online traders based outside the European Union (EU).
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.
70% of Brits want more action on tax fraud
A survey commissioned by the European Parliament across all member states shows that overall people want more intervention to tackle tax fraud.
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.
Call us on 0115 778 8533 for a free consultation.
Your privacy is guaranteed - learn more
Open Monday - Friday 9am - 5pm