Closing EU € 7 billion VAT loopholes for sales through online marketplace One Stop Shop online One stop shop is the new rules will come into force on 1 July 2021. There are design to make life simpler and fairer for all and close a €7 billion ($8.38 billion) tax loss, the EU says. The […]

How to withdraw money out of a limited company  There are a number of ways, a director can extract money from their limited company. taking money out of a limited company in one or more ways set up a limited company. For most directors, the optimum way to minimise personal tax liabilities. It will using

How to import goods from the EU to the UK after Brexit There are special procedures for importing goods into the UK. Following the end of the Brexit transition period, the process for importing goods from the EU effectively mirrors the process for all other international destinations. Businesses, especially those that only trade with EU,

European VAT new rules for cross border online sales made simple and easy   Cross Border New VAT rules will take effect on 1 July 2021 to offer businesses cross border the EU a simple and easy. These rules simplify the existing VAT obligations. It will reduce the administrative burden for businesses engaged in cross-border

Boost you business with a recovery loan £10 million Recovery loan scheme boost your business  The new Recovery Loan Scheme was launched on 6 April 2021. The new scheme allows businesses of any size to access loans and other kinds of finance between £25,000 and £10 million. The scheme will remain open until 31 December

Mortgage Guarantee Scheme One of the measures announced at the Budget was the introduction of a new Mortgage Guarantee Scheme to help home buyers purchase property. The scheme was officially made available from Monday, 19 April 2021. The new scheme is designed for prospective home buyers. Who only have a small deposit and are therefore

HMRC targets traders who are not registered VAT Registered VAT HMRC has written to businesses, which is trading above the VAT threshold. Currently who are not currently VAT register. HMRC have launched a campaign aim at VAT rule-breakers. As part of this campaign. They have confirmed that they will send letters and informing certain businesses.

Additional Assessment for Netherlands  Administration and tax consultant X filed a supplementation declaration for 2012 with date 28 November 2013. The supplementation declaration has not been processed by the tax authorities pending legal proceedings regarding X’s VAT entrepreneurship. Ultimately, it was decided that X is a VAT entrepreneur. The Tax and Customs Administration informed X

Exempt Beneficial Loans An employer may offer a cheap or interest-free loan to an employee. For example to cover the purchase of a season ticket, to meet welfare expenses or in the case of financial hardship. An employee loan (which for taxable benefit purposes includes any form of credit) gives to an employee with the

Canada GST/HST rules for online marketplace From 1 July 2021, Non-resident companies selling goods and services online in Canada. It will soon need to contend with new GST/HST rules for ecommerce services. Here, we outline the difficulties for Canada’s GST/HST rule changes. Canada has taken the decision to change the GST/HST rules. This rules  for Canadians