The New Rules From 1 January 2021, a new VAT regime will exist in Northern Ireland (NI) and this will affect how Irish businesses trade with NI and Great Britain (GB). This is regardless of whether the UK and EU reach agreement on a trade deal...
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VAT on importation will become payable on the value of goods being brought into the UK from EU Member States (and vice versa) by both business customers and consumers. The value for VAT purposes includes the cost of the goods, the related freight and insurance...
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Customs: Ten steps to get Brexit ready Next steps for your business Like any other tax return, businesses are responsible for correctly filling out Import and Export Declaration Forms, and paying the correct amount of Customs Duties. To ensure you’re prepared, we have outlined ten steps for...
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The New Rules From 1 January 2021, a different customs regime will exist in Northern Ireland (NI). The Protocol on Ireland/Northern Ireland to the Withdrawal Agreement is designed to maintain an all-island economy and avoid a hard border on the island of Ireland. Clarification will be...
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It is now possible to make a claim under the CRSS. Updated Revenue guidance notes are here These guidelines include a summary of businesses that will be regarded as subject to Covid restrictions, under each of the Roadmap Levels 1-5 (paragraphs 12.4 and 12.5) The guidelines also...
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Finance Bill 2020 provides that the 9% rate of VAT applies from 1 November 2020 to 31 December 2021 to the following services: supply of restaurant and catering services guest and holiday accommodation entertainment services such as admissions to cinemas, theatres, museums, fairgrounds and amusement...
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Before the Budget day announcement, only certain VAT and PAYE liabilities could be warehoused. Finance Bill 2020 now provides for certain qualifying income tax and preliminary tax liabilities to be warehoused (together with repayments of TWSS subsidies). The following tax liabilities can now potentially be warehoused: ...
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What is the Covid Restrictions Support Scheme (CRSS) The Covid Restrictions Support Scheme (CRSS) announced on Budget day provides targeted support to businesses that are forced to close temporarily or operate at a significantly reduced level because of COVID-19 restrictions that either prohibit, or significantly restrict,...
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The following changes will operate in respect of payroll submissions with pay dates on or after 20 October 2020. EWSS Revised Rate The revised EWSS subsidy rates effective from 20 October 2020 to 31 January 2021, are as follows: The revised subsidy rates bring the EWSS into line with...
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Budget 2021 15 October 2020 - 9.30 am PSC Taxation Services are hosting a webinar, to provide a detailed analysis of Budget 2021, and how this budget will affect both you and your business. We invite you to join us from 9.30 am on the 15th of October...
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