The effects of the EU-UK Trade Agreement on cross-border trade

The EU-UK Trade Agreement explained

Giulia Barazza Brexit, Brexit Hub, English

On 24th December 2020, the UK and EU struck a historical trade deal: the EU-UK “Trade and Cooperation Agreement”. The deal, a 2,000-page-long document, was reached only a week before the official exit of the United Kingdom from the European Union, and it establishes the grounds for future collaborations between …

News and Information from AVASK about the BREXIT Transition period and the UK departing the EU

How businesses can prepare for Brexit

AVASK Marketing Brexit, Business News, English

It is now less than a month until the end of the Brexit transition period. Although the UK officially left the European Union (EU) on 31 January 2020, it has since been in the 11-month transition period, during which time it has remained part of the Single Market, the EU …

News and information from AVASK about Chancellor of the Exchequer, Rishi Sunak

2021 Budget – the economic picture

AVASK Marketing Budget, Business News, English

Within his Budget speech, Chancellor Rishi Sunak unveiled billions in financial support for businesses and families adversely affected by the coronavirus (COVID-19) pandemic. The Chancellor confirmed the extension of a number of COVID-19 support schemes, including the Coronavirus Job Retention Scheme (CJRS), which will now run until September, and the …

News and information from AVASK about Chancellor of the Exchequer, Rishi Sunak

2021 Budget – the political reaction

AVASK Marketing Budget, Business News, English

Addressing the House of Commons, Chancellor Rishi Sunak used the 2021 Budget to ‘do whatever it takes’ to financially support people and business as the UK recovers from the coronavirus (COVID-19) pandemic. However, Labour Party leader Keir Starmer stated that the Chancellor delivered a Budget that merely ‘papered over the …

News and information from AVASK about Chancellor of the Exchequer, Rishi Sunak

2021 Budget – the business reaction

AVASK Marketing Budget, Business News, English

Business groups have responded to Chancellor Rishi Sunak’s 2021 Budget speech. The Confederation of British Industry (CBI) stated that the Budget ‘succeeds strongly in protecting the economy now and kickstarting recovery’ from the coronavirus (COVID-19) pandemic. Tony Danker, Director General of the CBI, said: ‘The Chancellor has gone above and …

News and information from AVASK about Chancellor of the Exchequer, Rishi Sunak

2021 Budget – what to expect

AVASK Marketing Budget, Business News, English

Chancellor Rishi Sunak will deliver the 2021 Budget speech today at 12:30pm. We will keep you up to date on the key Budget announcements and supply a full summary, which will appear on our website tomorrow morning. Speculation is rife that the Chancellor will announce additional support for UK workers …

News and Information from AVASK about HMRC

Online service for VAT deferral scheme opens

AVASK Marketing English, VAT News

Over half a million businesses that deferred VAT payments last year can now join the new online VAT Deferral New Payment Scheme to pay it in smaller monthly instalments, HMRC has announced. To take advantage of the new payment scheme businesses will need to have deferred VAT payments between March …

News and information from AVASK about Chancellor of the Exchequer, Rishi Sunak

What will the Budget bring?

AVASK Marketing Business News, English

When Chancellor Rishi Sunak gives his second Budget statement on 3rd March, he will have to perform a delicate balancing act. The Chancellor will be caught between supporting the businesses and individuals still affected by the coronavirus (COVID-19) pandemic, recouping the billions spent on support schemes over the past 11 …

Domestic VAT reverse charge comes into effect on 1 March

AVASK Marketing English, VAT News

The twice-delayed introduction of the domestic VAT reverse charge for construction services will come into effect on 1 March 2021. The change was originally scheduled to come into effect from 1 October 2019 but was deferred for 12 months after industry bodies highlighted concerns about the lack of preparation and …

News and information affecting businesses from AVASK

SME service for bank complaints goes live

AVASK Marketing Business News, English

A new service designed to resolve disputes between eligible small and medium-sized enterprises (SMEs) and participating banks has gone live. The Business Banking Resolution Service (BBRS) has been established following the Simon Walker Review on the small business complaints landscape. It will use alternative dispute resolution techniques to settle unresolved …

News and Information from AVASK about HMRC

HMRC clarifies off-payroll rules

AVASK Marketing English, Tax News

HMRC has published a briefing on its approach to the changes to off-payroll working rules, commonly known as IR35, which will be introduced on 6 April 2021. Reiterating its advice from last year, HMRC has confirmed that it will not issue penalties for inaccuracies in the first 12 months of …

News and Information from AVASK about the UK Government

UK economy shrank by record 10% in 2020

AVASK Marketing COVID-19 News, English

The UK economy shrank by almost a tenth in 2020 as the coronavirus (COVID-19) pandemic adversely affected businesses, according to the latest figures from the Office for National Statistics (ONS). The data shows that UK GDP declined by 9.9% last year, which is the largest contraction on record. The slump …