Animo Associates continually strives to positively impact our local communities as much as we can and we are always looking to support those in need. Recently we were made aware of Thurloe Hogdson, a local Essex resident who, since the start of the first lockdown in March 2020, has been supporting communities by collecting and [...]

The UK has taken strides with its development towards the global Green Finance initiative, thanks to £10m in new funding, as announced by Energy Minister Anne-Marie Trevelyan on 15th February 2021. The new UK Centre for Greening Finance and Investment will begin in April 2021, with physical roots in London and Leeds opening soon after, [...]

The HMRC has announced new information regarding the Stamp Duty Land Tax (SDLT) surcharge for non-residents purchasing a property in England and Northern Ireland from 1st April 2021. The announcement from the HMRC to the ATT read as follows; "Purchases of land and buildings in England and Northern Ireland are subject to Stamp Duty Land [...]

What is VAT? Value Added Tax (VAT) is a type of end consumer tax that is generally assessed incrementally. VAT is usually levied on the price of a product or service at each stage of production, distribution, and/or sale to the end customer. Ultimately, it is just the additional charge on goods and services supplied [...]

London has always and will most like always be, considered to be one of the worlds key international business hubs. Its sprawling metropolis boasts innovation, venture capitalism and diversity and its convenient time zone and culture allows effortless international relations. London offers businesses – whether they international conglomerates, SME’s or start-ups just beginning their professional [...]

Following the UK becoming the first-ever EU member state to officially leave the single market on 31st December 2020, many businesses will be forced to reconsider their trade operations, and especially how they account for their VAT on digital services. Thankfully, with the last-minute settlement of a Brexit EU-UK trade deal, this confirmed an unprecedented [...]

After an intensive four year period, and nine months of discussions, a Brexit Trade Deal between the EU and UK was finally agreed upon on 24th December 2020 and approved on the 31st December 2020, not a moment too soon before the transition period came to an end. This meant that trade regulations have been able to [...]

On the 31st of January 2020, the UK officially left the EU. This then trigged a ‘transition period’ as per the withdrawal agreement. This transition period has meant that operations between the UK and the EU have been conducted in the same way that they were previously were. However, from midnight on the 31st December [...]

On the 5th November 2020 Chancellor of the Exchequer, Rishi Sunak, confirmed that the Coronavirus Job Retention Scheme (CJRS) would be extended until March 2021, instead of ending as expected in October 2020. This was due to the ongoing economic turbulence created by the outbreak of the Coronavirus. This allowed companies to claim up to [...]

What is the Mini One Stop Shop (MOSS)? The Mini One Stop Shop allows taxable persons (such as businesses) who supply digital telecommunication services to non-taxable persons within any member state of the EU, to account for their VAT on all services supplied in the member state that they are operating from. This allows businesses [...]

On the 31st of December 2020, the transition period will end, and the UK will leave the EU single market and customs union. It is becoming increasingly likely that before this time the UK will not have agreed to a trade deal with the EU, resulting in a No-Deal, ‘Hard’ Brexit. The EU and UK [...]