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Fulfilment House Due Diligence Scheme   The new Fulfilment House Due Diligence Scheme will open for online applications on 1 April 2018. From that date, businesses in the UK that store any goods imported from outside the European Union (EU) owned by, or on behalf of, someone established outside the EU, will need to apply for HMRC approval if those…
New Budget timetable and Spring Statement date confirmed   HM Treasury has confirmed that the Spring Statement will take place on Tuesday 13 March 2018. At Autumn Statement 2016, the Chancellor announced that in future there will be a single fiscal event each year - the annual Budget statement, which will be delivered in the autumn. Autumn Budget 2017 was…
HMRC launch new business support service   HMRC have launched a new service designed to directly help mid-sized businesses as they expand and grow. The new Growth Support Service (GSS) will be open to some 170,000 mid-sized businesses registered in the UK who are undergoing significant growth, and who either have a turnover of more than £10 million, or more…
MTD VAT regulations to be available by April 2018 The government has confirmed plans to publish and consult on draft VAT regulations for Making Tax Digital (MTD), with the aim to have the regulations in place by April 2018 to give businesses and software developers at least twelve months to prepare. In July 2017 the Government announced that MTD is…
HMRC launch further Help-to-Save consultation Following an earlier period of consultation, HMRC have published draft legislation along- side a further technical consultation document, setting out proposals for the main features, processes and requirements of the new Help-to-Save accounts scheme, which is set to commence in 2018. Help-to-Save will be targeted at working families on low incomes to help them build…
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