Now the Brexit transition period has come to an end, most UK and EU sellers will have to apply for additional VAT numbers to continue selling in 2021, if they don’t want to face fines.
Bevan Buckland LLP is reminding self-employed people that they may be able to reduce their first tax return payment to HMRC if the pandemic has hit their earnings. But, they warn, business-owners must plan for this immediately, so they don’t miss the 31 January deadline.
Wales-based accountancy and financial planning specialists, Bevan Buckland LLP, has been named as one of the top 100 accountancy businesses in the UK by the industry’s bible.
With under a month to go until the UK leaves the EU, one of Wales’ leading independent accountancy and financial planning firms is warning that many small to medium-sized businesses in Wales may not be Brexit-ready after firefighting COVID-19 for most of the year.
The key factor in ending lockdown and other measures is the coronavirus reproductive number, commonly talked about as the “R” value. This is the number of people each individual case can be expected to transmit the virus to, effectively the rate of the virus...