Brexit. Need help with the UK transition and its impact on your business?

It is good news that a deal has been agreed, so that there can be trade with no tariffs or quotas. However, this will certainly not be the final position as there needs to be further negotiations on a wide range of topics.

For businesses, these changes have been complicated yet further as information on the new rules can be difficult to find and many of the government web pages are currently being re-written and/or removed following the late agreement of the deal.

We have assembled a list of useful Government webpages, which were live at the date of this publication. 

You might also like to take a look at our document The Brexit Deal. A guide for Business.

We are here to help
If you have any questions about Brexit and the UK transition, please get in touch with the team at DRG. We would be delighted to hear from you.

31st January Self-Assessment Filing Deadline and Time to Pay arrangement

Over the past few months, various professional bodies (ICAEW, ICAS, CIOT, AAT, ACCA) have been lobbying the Government to push back the Self-Assessment filing deadline or at least to do so as regards the penalty provisions. HMRC have now responded to say that they will not waive penalties nor extend the 31st January deadline for Self-Assessment.

Time to Pay arrangement
Don’t forget that, if the 31st January tax payment is no more than £30,000, you can enter into a Time to Pay arrangement to spread the debt over 12 months. You can do this yourself online. If you owe more than £30,000, you can still discuss with HMRC a possible arrangement over the phone. Read more

England New Lockdown Grant

Rishi Sunak has announced a one-off grant for England aimed at the hospitality, retail and leisure sectors of up to £9,000 per business premise. This is in addition to the Local Restrictions Support Grants announced in 2020.

The support will comprise of a one off grant on a per property basis.

• £4,000 for businesses with a rateable value of £15,000 or under
• £6,000 for businesses with a rateable value between £15,000 and £51,000
• £9,000 for businesses with a rateable value of over £51,000

Eligible businesses should apply through their Local Authority. Read more

Barilla buys British fresh pasta maker, Pasta Evangelists

Huge congratulations to client, Pasta Evangelists, who has been bought by Barilla for an undisclosed sum.

The business will continue to operate as a stand-alone entity run by its Chief Executive and founder Alessandro Savelli, and co-founders Chris Rennoldson and Finn Lagun. Pasta Evangelists' fresh pasta and sauces are available direct online and are also distributed via Ocado, Amazon and Marks & Spencer.