Tag: exports
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Introduction to Intrastat
VAT-registered businesses that trade in goods with other European Union (EU) member states are required to provide details of these transactions which are used for statistical purposes. Intrastat is the system used to collect these statistics. Movements of goods between EU member states are called Arrivals (acquisitions, purchases or imports), and Dispatches (removals, sales or…
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How to complete your VAT Return box by box
At the end of each VAT period – usually every three months – you need to complete a VAT Return. A VAT Return tells HM Revenue & Customs (HMRC): This guide explains in detail how to complete your return if you are not on the Flat Rate Scheme. How to complete your VAT Return You…
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Preparing to export
Exporting can extend your market, boost your turnover and prevent you having too great a dependence on your UK-based customers. But it isn’t always an easy option. Starting to export poses a whole new set of challenges, from identifying promising markets and customers to ensuring that you can fulfil your export contracts. Developing new export markets…
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Government help for exporters
UK businesses export over £17 billion of goods and services every month. Tapping into this lucrative source of revenue can bring a range of benefits. Exporting can help you extend your market, increase turnover, improve your business’ reputation and avoid an over dependence on UK trade. However, exporting is not without its risks. Language and…