This website uses cookies to ensure you get the best experience. Please read our policies for more information.

10 Chartered Accountants

News

Make the most of the Brexit implementation period
11 February 2020

Now that the UK has left the EU, we have entered an implementation period that will last the rest of 2020, during which the UK’s future relationship with the EU will be agreed, giving businesses the chance to prepare for the UK’s new trading arrangements.

While much of the detail is still to be decided, we do know that businesses trading with the EU will need to do the following in the coming months:

  • Obtain an Economic Operator and Identification (EORI) number
  • Decide whether to make customs declarations yourself or using a customs agent.

HM Revenue & Customs (HMRC) recently issued a letter to some VAT-registered businesses that explains these processes in detail.

Read the letter here.

For more information on making the most of the Brexit implementation period, contact us today.

Other recent news

Capital Gains Tax is increasing – What does this mean for you?
20 November 2024

Capital Gains Tax (CGT) was a significant target for the…
Read more

Employers squeezed as wages and National Insurance rise
20 November 2024

In Chancellor Rachel Reeves’ 2024 Autumn Budget, she announced over…
Read more

Bad debts on the rise – Time to crack down
20 November 2024

As we approach the end of the year, one trend…
Read more

The value of technology – Why you should not rule out investment
20 November 2024

Recent research by Three Business indicates that tech-enabled SMEs could…
Read more

Autumn Budget delivers Inheritance Tax blow to pension savers
20 November 2024

In this year’s Autumn Budget, Chancellor Rachel Reeves announced that…
Read more

»

Case Studies