trade Archives - WRLO Accountants

EU trade deal not working for UK business, warns BCC

WRLO Accountants — Fri, 05 Jul 2024 16:50:39 +0000

The UK government must stop ‘walking on eggshells’ around improving EU trade ties, the British Chambers of Commerce (BCC) has warned. The new government must improve the current EU-UK trade and co-operation deal in order to boost economic growth, adds the BCC. Businesses have criticised the additional red tape and increased costs that Brexit has placed on firms importing and exporting goods to and from the continent. Importers of food and plants have been hit by charges associated with new Brexit border checks brought in at the end of April. Other businesses have complained that the increasing divergence on standards, such as those around construction products, has made it more expensive for UK companies to get their products certified for sale on the continent. Shevaun Haviland, Director General of the BCC said: ‘I’m not here to look backwards, I’m here to help build a better future for our business leaders and entrepreneurs. We must stop walking on eggshells and start saying it how it is. The current plan isn’t working for our members. ‘The EU is the UK’s largest market, accounting for 42% of all our exports. Leaving the EU has made it more expensive and bureaucratic to sell our […]

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Clarity on new border checks is vital, says BCC

WRLO Accountants — Fri, 02 Feb 2024 10:35:00 +0000

The government must clarify plans around new customs processes as firms remain in the dark about crucial aspects of their operation, says the British Chambers of Commerce (BCC). The first phase of the UK’s Border Target Operating Model began on 31 January, with imports of plant and animal products now requiring export health certificates. It is the first time for decades that EU firms will have to provide this documentation for goods they are sending to Great Britain. The BCC says it is unclear how prepared they are for the change. The business group says there is more concern over a lack of clarity around physical checks of consignments, due to start in April. Government figures show the UK imports just under 30% of all the food it consumes from the EU. William Bain, Head of Trade Policy at the BCC, said: ‘The government is finally implementing major changes to Great Britain’s inbound border controls and customs checks stemming from Brexit, but there are still unanswered questions around its plans. ‘Especially, as businesses are already facing a tough start to the year, with container shipping prices quadrupling as the Red Sea disruption continues. “The initial changes … should not cause […]

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October 2020

WRLO Accountants — Mon, 05 Oct 2020 15:29:19 +0000

In this month’s enews we consider announcements made as part of the government’s Winter Economy Plan. In other news we consider the new trade arrangements with the EU following the end of the Transition Period, which apply from 1 January 2021; the rise in house sales following the introduction of the Stamp Duty holiday; and the new domestic reverse charge for VAT, so there is lots to update you on. Job Support Scheme Winter Economy Plan support for the self-employed VAT deferral and enhanced Time to Pay for self assessment Changes to the Bounce Back Loan and Coronavirus Business Interruption Loan Schemes The VAT reverse charge Ministers announce new grants for businesses affected by local lockdowns New trade arrangements with the EU from 1 January 2021 House sales rise following the introduction of stamp duty holiday Job Support Scheme The existing job support scheme, the furlough scheme, comes to an end on 31 October. As part of the Winter Economy Plan the government announced it will be introducing a new Job Support Scheme from 1 November 2020. For employers to participate in the scheme: employees will need to work a minimum of 33% of their usual hours for every hour […]

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