HMRC New Powers: “Data Grab” or Simplification?

Since June 2021, HMRC have the power to issue “Financial Institution Notices’ (FINs). FINs require financial institutions to provide information to HMRC such as bank statements or transactions details for tax investigation or collection. After one year of this significant extension, are HMRC new powers a “data grab” or a simplification?

EU/UK Trade Agreement – Rules of Origin – List of Insufficient Processing Activities

In the EU/UK Trade Agreement, a product will not have the EU Origin or UK Origin if the production of the product consists only of one or more of the following operations conducted on non-originating materials:  (a)  preserving operations such as drying, freezing, keeping in brine and other similar operations where their sole purpose isContinue reading “EU/UK Trade Agreement – Rules of Origin – List of Insufficient Processing Activities”