Also in the news...
Brilliant Borders: Kenya's Customs goes digital
A new app will save time and money for big businesses and small traders alike, as a longstanding Kenya-UK partnership further improves cross-border trade.
Yorkshire family brewery taps into new export opportunities with Government guarantee
UKEF support helps Wold Top brewery to expand its exports into new markets.
Bond Support Scheme
Find out about the Bond Support Scheme - how it works, its benefits and how to apply.
UK and African business leaders arrive in Togo to create trade and investment deals
The event brings together delegations from ten African nations alongside leading UK companies and investors to advance partnerships that promote economic growth and jobs.
Countering sanctions evasion: guidance for freight and shipping
For freight forwarders, carriers, hauliers, customs intermediaries, postal and express operators, and other companies facilitating the movement of goods.
Newly Elected Government ‘Reintroduces’ Ontario Budget and Retains Income Tax Increases
The original May Budget was rejected by opposition parties. Fresh from their win, the newly elected liberal government have reintroduced the measures – this time as the July Budget (essentially the same as the May Budget).
The headline items are:
- an increase in personal income tax on incomes in excess of CAD$150,000 – 12.16% applied to salaries between CAD$150k-220K and 13.16% to salaries earned in excess of CAD$220K
- from 2017, an Ontario Retirement Pension Plan (ORPP) will be made available for employees without a workplace pension plan and will require matched contributions from the employee and employer of no more than 1.9% each on a maximum salary of CAD$90k
- phase-out or elimination of the “small business deduction” for certain large Canadian-controlled private corporations (CCPCs) and a new Ontario Retirement Pension Plan