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For many sellers, the UK Flat Rate Scheme has been helpful in managing their cash flow and simplifying their records. This scheme allows them to apply a fixed VAT rate. However, with new UK ecommerce rules for UK sellers, businesses…

What you need to know about deferring your customs declarations and import VAT payments.  What are Duty Deferment Accounts?   If you import goods you may want to apply for a Duty Deferment account which can be beneficial for your cash…

A special status for Northern Ireland  The Brexit transition period ended at 11pm on 31 December 2020. Consequently, VAT accounting will change for goods moving between the European Union and the United Kingdom.   An exception to these changes is Northern Ireland which, unlike the rest of the UK, will…