Italiano From April 6, 2025, the new UK tax regime for 2024/25 comes into effect.The Autumn Budget 2024, presented on 30 October 2024 by Chancellor of the Exchequer Rachel Reeves, introduced several significant fiscal changes for the 2024/2025 tax year.Here is a summary of the key measures: National Insurance Contributions (NICs): Employer NIC rate increase: … Continue reading UK tax changes from 6 April 2025
UK Customs and Import VAT Representation for Non-UK Businesses
Italiano Non-UK businesses looking to import goods into the United Kingdom must appoint a UK-resident representative to handle customs clearance and import VAT. This requirement is enforced by UK customs regulations, which mandate that importers must present an EORI number linked to UK residency. If this is not possible, the business must engage an indirect … Continue reading UK Customs and Import VAT Representation for Non-UK Businesses
GB VAT Refunds after Brexit: EU Rules Still Apply
Italiano Thanks to a reciprocity agreement between the United Kingdom and Italy, transactions carried out from January 1, 2021, are subject to Article 38-ter of Italian VAT Decree No. 633/1972, which allows VAT refunds to third countries under reciprocal conditions. The Italian Revenue Agency clarified this in its resolution No. 22/E, issued on May 2, … Continue reading GB VAT Refunds after Brexit: EU Rules Still Apply
Spring Statement 2025: Few Announcements and Key Tax Changes from 6 April 2025. Is the UK Tax System Still an Enabler of Opportunity?
On 26 March 2025, Chancellor Rachel Reeves delivered the Spring Statement—a fiscal update without major surprises or giveaways. As expected, it confirmed what many already knew: public finances remain under pressure, tax thresholds stay frozen, and spending cuts continue. The key message is clear: while the Spring Statement itself offered little new, significant tax and … Continue reading Spring Statement 2025: Few Announcements and Key Tax Changes from 6 April 2025. Is the UK Tax System Still an Enabler of Opportunity?
UK: Customs and VAT checks intensify – Is your business ready?
Border delays, for customs documentation requests from HMRC. In recent weeks, many companies exporting to the United Kingdom have been facing border delays, sudden tax inspections, and urgent requests for customs documentation from HMRC. British authorities are increasing scrutiny on everything related to VAT, customs declarations, product labelling, goods’ origin, and overseas registrations. According to … Continue reading UK: Customs and VAT checks intensify – Is your business ready?