Euro Exim Bank

Accountant Issues Warning Over The Brexit Change Likely To Catch Businesses Out

GOODS costing £135 or less that are exported to UK consumers will now be subject to VAT charges – a significant change that is likely to catch many businesses out, UHY Hacker Young has warned.

Speaking at the accountancy firm’s Brexit VAT and Customs webinar – which took place on Wednesday, 27 January and was attended by 260 people – Sean Glancy, VAT and indirect taxes partner at UHY, said the change was “counter-intuitive” and has gone under the radar.

He said: “Non-UK businesses must now register for UK VAT if they sell goods B2C and the customer is based in the UK. This requirement applies to consignments under £135 in value and there is no registration threshold. This is counter-intuitive and not something you would expect; you would think this charge would be placed on goods costing more than £135.

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More Digitally Resilient Europe

Within the priorities of the Portuguese Presidency of the Council of the European Union and the current Recovery Plan for Europe put forward by the European Commission, the words “digital” and “resilience” are prominent and at times used together. When combined they bring to mind IT-related challenges that need to be addressed to ensure a stronger and safer Europe for its citizens. One of the primary concerns is cybersecurity; and, given that this is a topic of common interest to the European Union Agency for Cybersecurity (ENISA) and the European Union Agency for the Operational Management of Large-Scale IT Systems in the Area of Freedom, Security and Justice (eu-LISA), it gives the two Agencies further impetus to work together to face this growing threat.

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Take Flight

The Civil Aviation Authority of the Cayman Islands (CAACI) is the statutory authority responsible for aviation safety regulatory oversight throughout the Cayman Islands and for aircraft registered in the Cayman Islands. The Cayman Islands Aircraft Registry (CIAR), globally recognised, is a reputable registry of choice for many aircraft owners, financiers, management companies, attorneys and other discerning decision-makers in the competitive private and corporate aviation market.  Stringent standards and a mandate for safety compliance guide oversight of Cayman registered aircraft since the inception of the CISR over 50 years ago.

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Reykjavík: A source of energy

In the acclaimed novel of Jules Verne, A journey to the centre of the earth, the journey started in Iceland. It still does.

The fast track
Few nations have evolved as fast as Iceland in the last 150 years. Moving from a community based on agriculture and fishing to a modern hi-tech society with a strong profile in fisheries in harmony with nature, tourism, renewable energy, innovative businesses and culture.

Next door to nature
Reykjavík is not a big city, but it has all the characteristics of a capital. Reykjavík is known for its vibrant art scene, nightlife, restaurants and nature. To describe the connection to nature in Reykjavík: A salmon river runs through the city, you can go on a short whale-watching tour from the harbour in the heart of Reykjavík, if you drive for two hours you can be riding a snow-mobile on a glacier, in a few hours tour you can experience amazing geysers, waterfalls, the birthplace of the Icelandic parliament and be back to Reykjavík for a late dinner at one of the city’s acclaimed restaurants, perhaps one with a Michelin star.

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Factory of Tomorrow

Frank-Herzog

3d printing has forever changed the way parts and products can be manufactured, we speak with Frank Herzog: CEO & President of Concept Laser

CEO:  You have been nominated for various awards over the years including top 50 in Bavaria 2014, best CEO in additive manufacturing and last year as finalist for the German Future Prize 2015. These are all very prestigious awards and great recognition. Can you tell us why you think the project with the title “3D Printing in Civil Aircraft Manufacturing” was so well received by the judges? What was innovative about this project?

Frank Herzog: In essence, the project is about a so-called bracket used on board the Airbus A350 XWB as the first titanium part made by additive manufacturing. It is a “bionic” fastening and connecting element. Previously, it was milled part made of aluminium (Al); now it is a printed titanium (Ti) part with optimized topology that weighs approx. 30 % less while being more resistant. Material is only used where forces are actually acting. The new design is difficult or even impossible to manufacture using conventional methods. The jury was impressed by the project’s high level of innovation, the cost-effective implementation and the significant environmental aspect due to the weight reduction and the environmentally compatible manufacturing process.

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Kanton Aargau

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Economic center in the heart of Europe.

Vienna is one of the most attractive cities in the world and the economic and political centre of Austria. The city on the Danube has a high economic strength, excellent infrastructure and a unique quality of life. The combination of these factors makes Vienna an ideal starting point for economic and business success.

February 2015

Growing Voices


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Educate, Explore, Engage on GMOs in Europe

For nearly two decades, the GM debate in the European Union has been polarised, providing no middle ground in which the silent majority can form an opinion. Growing Voices is a website that helps you discover the complex and fascinating reality of genetically modified (GM) crops.

Today, growing voices from politics, science, businesses, the media, NGOs and the public, are speaking up in support of objective facts about the societal, environmental, agricultural, and health benefits of GM seed breeding. Now is the time to elucidate these opinions and showcase some real-life experience!

May 2015