Organisations representing boat owners and marine businesses are calling for more clarity over post-Brexit customs and VAT arrangements. It comes despite HMRC announcing a one-year extension…
There is a lot to discuss in this issue as we sail into the summer months, traditionally the busiest time of year for much of the sector. With the good ship UK having left harbour and navigating a course towards the uncertain waters of Brexit at a rate of knots, we are facing an unprecedented future.
But the marine sector remains on the crest of a wave and we offer plenty of advice in this newsletter for businesses, not least a handy checklist for importers.
We look at investing for growth and the innovation that keeps the industry shipshape – and why research and development (R&D) tax credits are an important way of recompensing costly development work.
Remember – just because it’s what you do, doesn’t mean it’s not R&D – it could well qualify. There’s nothing to lose by having a chat with us at PKF Francis Clark.
We could also help you to fathom out how tax is going digital, with an electronic future for VAT within the next 12 months. While on the subject of VAT, the EU is getting tough on official schemes – what effect will this have? You will also find articles on the national minimum wage, investing for pensions and capital allowances and first year tax credits within this newsletter.
As always, the PKF Francis Clark team of experts has a hand on the rudder to help you identify business problems and guide you through the solutions.
Finally, with the European racing circuit now in full flow, we would like to wish competitors all the best.