Welcome to Varsani Joseph

Whatever your needs, we can help. Varsani Joseph trading as Varsani & Co/Joseph & Co is a firm of Accountants and Registered Auditors based in Wembley offering accounts, taxation and business advisory and support services to a wide range of businesses, individuals and charitable organisations.

At Varsani Joseph we provide a cost-effective, high value solution to meet all of your financial needs. We work hard to get to know you in order to deliver timely, individual advice on how to improve your business and personal wealth.


Services Individuals & businesses

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We have helped many of our clients to grow and develop their businesses over the years.

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Resources Individuals & businesses

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To access a wealth of information visit our resource center here.

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Please feel free to get in touch with us via phone, email or our quick online contact form.

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The current hot topic

Preparing for Brexit

With less than a month to go it is time to prepare for the end of the Brexit transitional period.

Whilst the United Kingdom officially left the European Union (EU) on 31 January 2020, this prompted the start of an 11-month transitional period during which time the UK remains part of the Single Market, the EU Customs Union and the VAT Territory. The UK will leave the EU VAT Territory on 31 December 2020. After this date, Great Britain (England, Wales and Scotland) will not be subject to EU VAT legislation. Northern Ireland will remain subject to EU VAT legislation in respect of transactions involving goods, but not for services.

VAT changes

Acquisitions (purchases of goods from EU member states) will be treated as imports. A new system, Postponed Accounting, will be introduced and will apply to imports received from all over the world, with some exceptions such as low-value consignments. The system is intended to mitigate the cashflow disadvantage posed by paying import VAT upfront and waiting to reclaim it in a later VAT return. Under the new system, import VAT can be deferred and declared to HMRC in the VAT return for the period of importation. The VAT can be reclaimed in the same return subject to the normal rules for reclaiming input tax.

Dispatches (zero-rated sales of goods to business customers in EU member states) will be treated as exports. Exports are zero-rated, provided certain conditions are met.

Distance sales (sales of goods to non-business persons in the EU) will also be treated as exports. The EU distance-selling regime and thresholds will no longer apply to UK suppliers.

Customs changes

When the UK leaves the EU Customs Union on 1 January 2021 the UK will operate a full, external border with the EU. New border controls on imports from the EU to Great Britain will be introduced in stages, with customs declarations for goods which are not controlled being delayed until 30 June 2021.

Customs Duty

From 1 January 2021, there will be new rates of Customs Duty for imports - called the UK Global Tariff. To check the tariffs that will apply to different categories of imported goods, please see https://www.gov.uk/guidance/uk-tariffs-from-1-january-2021.

It is important to be ready for these changes. Some practical actions to take now include:

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Varsani Joseph Ltd T/a Varsani - Joseph & Co. Registration number: 4490873
Registered office address: Varsani Joseph Ltd, 18 The Broadway, Eastlane, Wembley, Middlesex HA98JU
Place of registration: England and Wales
Registered as auditors in the United Kingdom by the Association of Chartered Certified Accountants
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