How UK tax changes post-election could impact business compliance – The CFO

How UK tax changes post-election could impact business compliance - The CFO

Fact: The Conservative party aims to maintain the current Corporation Tax rate at 25% and has no plans for increases this year irrespective of the election outcome.

New Brexit border checks could stifle fine food imports from EU, warn sellers

New Brexit border checks could stifle fine food imports from EU, warn sellers

– Panzer’s delicatessen in north west London has lost 37 suppliers from the European Union since Britain left the bloc’s single market in 2021.
– EU exporters of chilled and frozen meat, fish, cheese, dairy products, and some cut flowers have had to present health certificates signed off by a vet or plant inspector since Jan. 31.
– The start of physical checks, along with higher charges from April 30, will restrict the variety and freshness of fine artisan foods and prices will rise.
– The government says the new checks will help prevent diseases and pests entering Britain and level the playing field for British exporters.
– Delicatessen owner Josephs believes Brexit has been a disaster for his business and fears supply disruption.
– Importing costs have increased significantly since Brexit, with additional fees and charges impacting profit margins.
– The UK government estimates that its border rules will increase costs for importers collectively by 330 million pounds a year and increase food inflation by just 0.2 per cent over three years.