In the Chancellor’s Winter Economy Plan that, rather than paying in full at the end of March 2021, businesses will be now able to choose to make 11 equal instalments over 2021-22.
Is your business ready for Brexit? The UK left the European Union on 31 January 2020 and entered a transition period which is due to end on 31 December 2020. Once the UK exits the transition period, it will leave the EU single market and customs union and new rules and compliance needs will apply in areas including trade in goods and services, immigration and travel.
Although as trade talks between the UK and EU continue, we are not sure quite what those rules will be. However, we can all plan and ensure we know exactly what we need to do and when to guarantee the transition for our business goes as smoothly as it can in readiness for January 2021.
There are several support systems to help you consider what you need to get in place: Get your business ready for Brexit by reviewing:
The Federation of Small Business – The UK Transition
The British Chamber of Commerce – Brexit Checklist
GOV.UK – Brexit Transition