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Inflation up, interest rates up, so what’s next?

Inflation up, interest rates up, so what’s next?

As the UK lurches ever nearer to recession, this has been compounded by soaring inflation which continues to squeeze households and businesses. As a consequence, the Bank of England (BoE) has raised interest rates by 0.25% for the fifth consecutive time. The highest...
How Brexit and DRC will affect VAT returns

How Brexit and DRC will affect VAT returns

VAT returns due to be submitted by 7th May for the March 2021 quarter will be very different for many businesses due to the impact of Brexit and the new domestic reverse charge rules for builders (DRC). If you run a business in the construction sector or one that...
Brexit reality check #1 VAT

Brexit reality check #1 VAT

In recent weeks I’ve had a steady trickle of queries about shipping goods to the EU or receiving goods from the EU, largely because there is very little HMRC guidance. So today I will try to plug some of the gaps left by this distinct lack of government help, with...
Post Covid Public Debt Reduction

Post Covid Public Debt Reduction

Most people, especially economists, accountants and business owners, had expected tax increases in the 2020 Autumn Budget. The Chancellor, however, has deferred the budget yet again. Still, at some stage, in the not too distant future, the billions of pounds borrowed...