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Postponed accounting for import VAT
Both UK businesses and overseas businesses should be aware of the postponed accounting for import VAT which is being introduced with effect from 1 January 2021.
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Internal audit of systems and controls
How do Senior Leadership and Boards ensure that their new processes and policies are adequate, effective and prevent fraud?
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Withdrawal of the Retail Export Scheme
It has been announced that the Retail Export Scheme is being withdrawn with effect from 1 January 2021 following Brexit.
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Winter Economy – VAT announcements
The temporary reduction in the rate of VAT applying to certain supplies in the hospitality sector was due to come to an end on 12 January 2021. The rate cut is now being extended until 31 March 2021.
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Job Support Scheme
The Chancellor of the Exchequer announced on 24 September new details of the Job Support Scheme, which will replace the Coronavirus Job Retention Scheme with effect from 1 November 2020.
