There has been much discussion about, and some confusion between, a real Bank and the …
COVID-19 Update
EBS is operating as normal, although many of us are working from home following Government guidelines. The Government have announced measures to protect businesses from the effects of Coronavirus. Find out how it affects your business
What are the main differences between a Bank and a Fintech?
There has been much discussion about, and some confusion between, a real Bank and the Fintech alternative, which are also sometimes, and quite wrongly, called Fintech banks. So to be clear, the Fintechs provide payment services and are regulated as Electronic Money Institutions (EMI). Both the Banks and EMIs are regulated by the Financial Conduct Authority...
UK and economic recovery from Covid
There is no doubt that Covid has made it a difficult year in many countries, and the UK is no exception to this. But more than 12 months have passed since the outbreak of infections, and the time has come to look forward. The only effective way to move forward and open up economies is to...
UK Government and continued financial support for businesses
The UK Government has now moved on from providing financial support for companies affected by Covid restrictions to help them survive to the next step, which is to help UK companies grow and recover. Just to remind ourselves the Bounce Back Loan scheme provided loans of up to GBP 50,000 at fixed low interest rates and...
Branch or Limited Company-which is better for your UK market entry?
There are many questions , which a foreign company asks, when considering the UK market entry. Is it better to have a Branch or a Limited Company for our business in the UK? What is the legal difference between a Branch, which is often called a Permanent Establishment or PE, and a Limited company (Ltd) usually formed...
UK Government grants to businesses adapt to the post Brexit border system
The UK Government has announced a support scheme to help businesses which have not previously traded outside the EU to adapt to the new rules, many of which do not actually come into effect until July 2021. A £20 million SME Brexit Support Fund to support small and medium sized businesses (SMEs) adjust to new customs,...
Brexit- where do your goods come from?
14 January 2021: Despite the last minute conclusion of EU-UK Trade and Cooperation Agreement (TCA), companies that trade between the UK and the EU face many new customs rules and regulations. Following the end of the transition period for the United Kingdom’s withdrawal from the EU, the TCA stipulates that no tariffs or quotas apply to trade between...
VAT refunds between UK and EU after Brexit
The UK tax authority (HMRC) has announced changes to the way UK businesses can reclaim VAT they have paid in the EU, and similarly how EU based businesses can reclaim VAT they have paid in the UK. The existing arrangements to use the EU VAT refund system will end on 31st March 2021. Up until that...
Brexit and changes to withholding taxes
The EU parent-subsidiary directive removes withholding taxes on any payments of dividends or profit distributions between associated companies within different EU member states. Companies are defined as associated where one holds 10% of the capital of the other for a minimum period of two years. Similarly, the EU interest and royalties directive removes withholding taxes from...
UK Government gives more help to companies to support staff costs during Covid lockdown
UK Corona Virus Job Retention Scheme (CRJS), commonly known as “Furlough” has been extended again until the end of April 2021. The scheme pays 80% of an employees salary, up to a maximum payment of GBP 2500 per month. The company must still pay the Social Costs and compulsory pension costs, and can top up...
EU Citizens coming to work temporarily in the UK and Social Costs
The UK has reached an agreement with the EU on its future relationship. The social cost coordination provisions in this agreement ensure workers who move between the UK and the EU only have to pay into one country’s social security scheme at a time. These are call the ‘Detached Worker’ rules, and the country the worker...
There is no doubt that Covid has made it a difficult year in many countries, …
The UK Government has now moved on from providing financial support for companies affected by …
There are many questions , which a foreign company asks, when considering the UK market …
The UK Government has announced a support scheme to help businesses which have not previously …
14 January 2021: Despite the last minute conclusion of EU-UK Trade and Cooperation Agreement (TCA), …
The UK tax authority (HMRC) has announced changes to the way UK businesses can reclaim …
The EU parent-subsidiary directive removes withholding taxes on any payments of dividends or profit distributions …
UK Corona Virus Job Retention Scheme (CRJS), commonly known as “Furlough” has been extended again …
The UK has reached an agreement with the EU on its future relationship. The social …
Where goods are imported into the UK and a UK Limited company (Ltd) acts as …
So, the biggest trade deal in history is done. The UK has an agreement with …
We are delighted to present a short service to honour Sankta Lucia day on 13 …
The UK Government announced a national return to lockdown as of Thursday 5th November .
Furlough …
Employees
The Coronavirus Job Retention Scheme, commonly called the Furlough scheme, closes at the end of …
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