Negotiations between the UK and the EU on the UK’s future relationship with the EU have been taking place in both Brussels and London in July. As work intensifies on finalising arrangements, employers should start to consider the impact of...
MIGRATION ADVISORY COMMITTEE (MAC) – A POINTS BASED SYSTEM AND SALARY THRESHOLDS FOR IMMIGRATION The MAC published its report on Tuesday 28 January 2020 on the proposed changes to the Points Based System and salary thresholds. A link to the...
BREXIT An extension to the Brexit deadline has been agreed with the EU until 31 January 2020. This extension covers a period of three months as was predicted in the prior update. As a result, the immediate possibility of leaving...
BREXIT As we know now, Parliament has agreed in principle the Withdrawal Agreement Bill (WAB) submitted by the current government. However, following a vote on Tuesday 22 October Parliament did not agree to the expeditious timetable put forward to enable...
DEADLINE – 5 NOVEMBER 2019 On Tuesday 25 September 2019 the Migration Advisory Committee (MAC) launched a new call for evidence in relation to minimum salary levels and the Points Based System post Brexit. This is an exciting opportunity to...
HMRC has provided guidance for UK self-employed workers relating to the situation if the UK leaves the EU with no deal. This relates to individuals working in the EU, the European Economic Area (EEA) or Switzerland. The current rules state...
As we approach the next Brexit deadline of 31 October 2019, it may be appropriate to review how we can assist our clients manage the tax issues around the possible changes. Below are some points on indirect and direct tax...
On 12 June the EU issued a press release indicating its no-deal Brexit preparations were fit for purpose and that a ‘no-deal' scenario on 1 November 2019 very much remains a possible, although undesirable, outcome. In addition the UK Government...
As a result of a number of CJEU decisions on the VAT treatment of investment management fees to different types of funds, HMRC issued Brief 3/2017 indicating that from 1 April 2019 VAT exemption would no longer apply automatically to...
What is the issue? In HMRC’s latest Employer Bulletin, they issued guidance to employers on the social security contribution position for their UK employees who currently work in the EU, EEA and Switzerland in the event of a “no deal”...
I started engaging with my clients in the UK and mainland Europe immediately after the EU referendum in June 2016, to try to help them understand the potential tax and commercial impacts of Brexit and to work out a considered...
It is anticipated that, post 29 March 2019, UK businesses will experience significant difficulties in submitting an EU VAT refund claim under the 8th Directive procedure. Currently, an EU business that incurs VAT on certain business costs in another member...
In 2018, the UK Government announced £2M of grant funding had been allocated to providing Customs training to intermediaries and businesses that currently trade in goods with the EU. The intention of this funding is to expand business capacity as...
In a move to ease business fears over a no-deal Brexit, HMRC have announced an EU trade simplification which goes further than its initial proposal on ‘postponed Import VAT accounting’ – which would have seen import VAT deferred for all...
The Government has issued two new technical notes on what happens if there is a no-deal Brexit concerning corporate reporting and business structuring. The notes below provide a brief summary of the main points covered in these notes. For a...
The Government has announced the issue of 25 technical notes discussing how various aspects of the economy might operate in the event of a Brexit no-deal scenario. Further technical notes are due in September. The announcement comments: “A scenario in...
Included within the Government’s 25 technical notes for business on preparing for a Brexit no-deal scenario is a note discussing VAT for business if there is no Brexit deal. It reassures business that the UK will continue to have a...
The UK Government and the EU issued a joint statement on 19 June 2018 providing an update on the latest areas of agreement in the draft legal text of the Withdrawal Agreement. Since March 2018 new agreements have been reached...
At a Public Accounts Committee (PAC) oral evidence session on HMRC’s performance, HMRC indicated they were having to delay certain projects in order to accommodate extra workload created by Brexit. HMRC has informed the CIOT and ATT of some of...
A recent CJEU (case C-580/16) has held that VAT simplification arrangements for transactions involving triangulation can be operated by an intermediary supplier who is registered for VAT in an EU member state, but may not yet have a permanent establishment...
On 19 March 2018 the EU and UK reached agreement on the withdrawal arrangements for Brexit. The UK will leave the EU on 29 March 2019, but the transition period will last until 31 December 2020. In relation to Customs...
The EU has issued further information on the implications of Brexit as noted below. 1. Slides on level playing field This discusses what is involved in ensuring a level playing field for the future trading relationship between the EU and...
The Court of Appeal has overturned the High Court and held that the inclusion of an existing dormant EU subsidiary in a merger involving a number of other UK companies, could not prevent the EU mergers directive provisions as enacted...
The First tier Tribunal (FTT) has considered a procedural case (with no findings of fact) concerning potential VAT at stake of around £27m if the supplies are deemed to be made in the UK. The case concerned legal issues relating...
With the Brexit timeline ticking away, and uncertainty on how tax matters affected by EU law will be dealt with as a result of the current terms of the European Union (Withdrawal) Bill, clients with UK businesses should be reviewing...
The UK has issued 11 papers on Brexit issues between 15 and 31 August. These are listed below, and can be found along with other Brexit papers on the Government webpage on Article 50 and negotiations with the EU. The papers...
Following the vote for the UK to leave the European Union today we are aware that many, particularly the employers of European nationals, will be questioning what this means for them and their employees going forward. Firstly it is important...
The result of the referendum for the UK to leave the EU was announced in the early hours today; a result with potentially very significant economic implications for the country. However, this is only the start, as the UK will...
Amongst the divided opinions it seems one thing can be agreed, that is the need to overcome fears, defeat indecision and avoid a hiatus limbo of non-productivity. As we are assured, nothing changes immediately, however we think it prudent to...
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