Also in the news...
Paul Beare Wins IR Global Member Of The Year
Paul Beare has been named Member of the Year at this year’s IR Global Conference in Amsterdam.
The Biggest Problem With Running A UK Payroll
We explore the biggest problem with running a UK payroll, together with the required functions of payroll calculations and net salary.
Taking It For Granted: How The UK Government Helps Growing Firms
In the UK, a number of government agencies offer a range of grants to help smaller firms to grow and prosper. The grants are typically designed to support innovation, encourage job creation, and underpin growth. In the last few years, a number of new initiatives have emerged, including grants aimed at boosting green technology and digital transformation.
Start-ups Wasting Over 2 Weeks And £37 Billion A Year On Admin
UK start-ups and microbusinesses are wasting over two working weeks every year on admin tasks, including managing mobile phone contracts, choosing energy providers, and buying insurance – according to new research.
The Costs For International Businesses Employing In The UK
In an ever-globalising business landscape, expanding operations to the United Kingdom can be a strategic move for international companies seeking new opportunities.
Trading under sanctions with Russia
What import and export restrictions apply due to sanctions for UK companies when trading with Russia.
he UK government has imposed a range of sanctions measures, including trade and financial sanctions, under The Russia (Sanctions) ( EUExit) Regulations 2019(“the Russia Sanctions Regulations”).
The purposes of the Russia Sanctions Regulations are to encourage Russia to cease actions:
- destabilising Ukraine, or
- undermining or threatening the territorial integrity, sovereignty or independence of Ukraine
UK businesses are responsible for the decision on whether to trade with Russia.
Business should expect a high unpredictable trading environment as a result of:
- designations of individuals and entities under the Russia Sanctions Regulations by the UK
- retaliatory measures by Russia
The Russia Sanctions Regulations affects several aspects of trade with Russia, including:
- the movement of goods to and from Russia
- the settling of financial transactions with suppliers and customers
- trading with certain businesses and individuals
Businesses should seek legal advice if they plan to continue trading with Russia.