Spring Statement 2019
Amidst all the Brexit debates, the Chancellor Philip Hammond presented his second Spring Statement on Wednesday 13 March 2019. In his speech the Chancellor provided an update on the economy and responded to the Office for Budget Responsibility forecasts. In addition...
HMRC sets out rules for postponed VAT accounting if no deal Brexit
HMRC has confirmed that in the event of a no-deal Brexit, from 11pm on 29 March 2019, businesses registered for VAT in the UK will be able to account for import VAT on their VAT return rather than pay when, or soon after, the goods arrive at the UK border. This will...
Charity sector is ill prepared for a no-deal Brexit
A survey conducted by the Charity Finance Group (CFG) has highlighted that Charities are ill prepared for the possibility of there being a no-deal Brexit. The UK is currently due to exit the European Union on 29 March 2019, however more than a third of respondents to...
How will Brexit affect the rail supply sector?
The rail supply sector is a significant contributor to the UK economy worth around £36 billion each year to our national P&L account. With around 600,000 people being employed in the sector, a tax yield to the Treasury in the region of £11billion a year, and...
