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Copyright © November 2022 BDO LLP. All rights reserved. Published in the UK.
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WINTER 2022
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CARRIE RUTLAND
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UK R&D reliefs are government funding designed to promote the generation of new knowledge amongst competent professionals that is gained by undertaking innovative projects associated with science and technology.
Read more to understand why we anticipate a large increase in R&D tax relief claims from shipping insurance companies.
R&D RELIEF FOR PURE MATHS
Read the article here
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MICHAEL.SIMMS@bdo.co.uk
michael SIMMS
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CHIEF IS RETIRING
Are you ready for CDS from
1 October?
HMRC is phasing out its Customs Handling of Import & Export Freight (CHIEF) system during 2022 and from 1 October 2022 all declarations for import movements will have to be made through the new Customs Declaration Service (CDS).
BDO International profile: BDO Singapore
The shipping industry confidence has fallen from the historic highs seen in February 2022 but perhaps not as far
as might have been expected.
This is the main finding of the latest edition of the Shipping Confidence Report based on a survey in August 2022. Find out more about the state of the industry across major geographical regions and shipping business types.
Shipping Confidence Survey
Since Q2 we have seen demand and price of shipping containers decrease.
Pricing is anticipated to further reduce towards the end of 2022 and moving into 2023, coming as a welcome relief to many retailers. Find out more about what is driving container market trends and how
we expect the container market to respond to economic trends in
the UK.
Container Market update
Protection and Indemnity (P&I) clubs offer shipowners insurance against third party liabilities and expenses, including loss of or damage to cargo, collisions with other vessels, and wreck removal.
We lay out some of the key tax issues for P&I clubs and their service providers, covering (global) Corporation Tax, VAT and Global Mobility Employment Taxes.
P&I Clubs
Storing energy for longer...
...from hydro to hydrogen
The Megawatt Hour is the latest podcast boxset brought to you by BDO in paid partnership with Energy Voice Out Loud. This new monthly series will examine how energy storage technologies are reshaping, reinforcing and recharging energy markets in the UK and around the globe. This series has a a particular focus on the longer-term flexibility of hydrogen and pumped hydro.
The third quarter of 2022 has included significant progress by standard setters, regulators and some jurisdictions in the development and future application of sustainability reporting standards.
BDO publishes ISRB 2022/06 Q3 2022 Sustainability Reporting Update
Read BDO's Q3 Sustainability Reporting Update for information on developments by the ISSB, as well as the US and EU proposals that have been put forward relating to sustainability and climate reporting.
PHILIP PARR
contact:
MATTHEW CLARK
contact:
Singapore is well positioned to be the global hub port and maritime gateway to Asia.
It also offers excellent connectivity
to access opportunities in the Asian and international markets. The Maritime Sector Incentive provides attractive tax incentives to shipping companies. BDO Singapore has
vast shipping industry experience, our experts listen to our clients and provide high quality solutions and cost-effective services.
Evelyn Lim
contact:
BDO Singapore website
DAVID BEVAN
contact:
LAURA MCNAUGHTON
contact:
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MICHAEL SIMMS
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View the Report now
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6.8
Average confidence
HMRC is phasing out its Customs Handling of Import & Export Freight (CHIEF) system during 2022 and from 1 October 2022 all declarations for import movements will have to be made through the new Customs Declaration Service (CDS).
OPCOST LAUNCHES
OpCost provides you with information to benchmark your vessels' operating costs with the industry average.
OpCost 2022, our unique benchmarking tool for vessels' operating costs, has just been launched.
Subscribe or find out more here