From the beginning of April 2020, all UK VAT-registered businesses will need to keep digital records of all transactions, and then submit VAT returns electronic using compatible software.
Whereas many businesses have already started using Making Tax Digital (MTD), the new deadline means that all businesses of any size that are VAT registered will need to comply.
Signing Up to MTD by the next VAT period due
The new electronic service replaces the ‘manual’ VAT return for businesses on their next submission after the 1st April start date, which remains at the same quarterly interval. So (for example) if the business’s current VAT period is February to April, then this can be completed in the usual way when due in May. But the following VAT period of May to July will require a digital submission in August (and thereafter). Signing up to MTD needs to be made at least 7 days before the date the first MTD return is due. It’s important however not to sign up less than 5 days after the last non-MTD return, to avoid duplication of payments.
Signing up is accomplished via the MTD GOV.UK website, requiring a Government Gateway ID with business and VAT registration information.
Obtaining and using compatible software
Various providers of accounting software are available to both record digital transactions and make the electronic VAT submissions. This also includes using spreadsheets, though in that case bridging software will be needed to make the submission.
A top tip for NatWest Bank business customers is that they will provide the MTB compliant accounting software FreeAgent at no cost.
Assisting with your business requirements
@YellowsBestLtd would be interested to receive feedback on your transition to MTD and any other business transformation challenges you are facing. If appropriate, there may be areas of your business development or operations that we can support with consultancy services e.g. sales and marketing assistance. Please get in touch to discuss how we can be of help.
It’s been a challenging time for businesses generally, and particularly in the United Kingdom, with Brexit in many cases adding cost and time to trading, and Covid-19 restricting travel and networking.
So it seemed an appropriate time to launch a new varient of the Yellows Best Limited website, now additionally utilising “.co.uk” as a signifier of commitment to our home market location.
Keeping Customers Operational
The new YellowsBest.co.uk promotes the same blend of Services and Solutions for “Keeping Customers Operational”, but presented in a different and modern single-page layout, making it particularly mobile device-friendly where ‘vertical scrolling’ is more appealing than using the traditional ‘horizontal tabbed’ layout.
We hope this provides Customers old and new with a welcome alternative, though the original YellowsBest.com will continue to be maintained, along with it’s associated blog for ‘informal’ views and news updates.
Assisting with your requirements
It would be interesting to receive feedback as to how useful you may find this additional site, and whether there is anything else you’d like to see featured.
Of course, @YellowsBestLtd online content ultimately serves the purpose of highlighting the types of services and solutions we can provide. Customers may therefore be prompted to get in touch to discuss their specific requirements, which we can usually assist with.
It’s been an uncertain period leading up to the United Kingdom (UK) leaving the European Union (EU). Now that that ‘Brexit’ has happened, as of 1st January 2021, businesses are having to work out the practical changes having an impact on international trading.
The reality of the situation is that it will take time to fully understand the new rules and what effect they have on imports and exports. Due to this uncertainty, some companies are choosing to curtail international activities, which is having an effect on availability of supply.
So this is a subject that will need to be revisited as experience is gained. What seems likely is that there will be more administration and higher costs.
@YellowsBestLtd has a 5-year history of trading not just within the EU, but globally, and it’s this experience which is helpful in understanding the adjustments needed. Put simply, all import and export business within and beyond the EU is now ‘similar’ in principle in terms of customs and tax, with or without government ‘trade deals’ being agreed.
VAT charging and reclaim in the UK
It’s helpful to first understand how VAT works on a national level. In the UK, it’s charged on the sale of many goods where ‘value has been added’ at a rate of 20% of the selling price. To consumers, that’s just a tax they pay within the total purchase price. For businesses, that element of the sale is ‘collected’ on behalf of the government, totaled and paid quarterly via their tax return. However, VAT-registered businesses are able to ‘claim back’ the taxed paid on their own purchases. The logic being, that when you’re ‘trading’ i.e. buying and selling, the amount of tax due on goods is that relating to the ‘value add’ – so the difference between the tax charged on the cost price and that charged on the selling price. Which of course should be more, if you’re making any kind of profit.
How VAT previously applied for UK businesses trading within the EU
To avoid the complications of how to ‘settle’ the collection and claiming back of taxes on purchases made between EU member states, an arrangement is in place such that each country is responsible for their own VAT affairs. Here’s how charging for VAT works for businesses when trading within the EU:
The goods are zero-rated for VAT, from suppliers that are VAT-registered. This means that the export invoice, stating “intra-community supply”, charges VAT at 0%.
The VAT-registered buyer (importing company) then declares the ‘acquisition’ on their VAT return (in “Box 2”)
The buyer simultaneously also ‘reclaims’ the VAT (included in “Box 4”) on the same VAT return
The logic behind these transactions is that the purchaser acts as both the “seller and the buyer”, for VAT purposes, Hence the transaction is accounted for entirely within one member state, and no funds need to be transferred to or from the tax authorities.
When these arrangements applied to UK businesses selling goods to buyers in EU member states, a ‘VAT EC Sales List” also needed to be completed and sent to the HMRC.
VAT and trading globally
Now the UK is ‘outside’ the EU, the ‘intra-community’ arrangement for VAT no longer applies from 1st January 2021. Instead, all international trading follows the same process, for all countries both within and beyond the EU.
UK businesses making global purchases receive an invoice from their international supplier which has no VAT added. But the UK government will separately charge VAT at 20%; this amount needs sending directly to HMRC. Typically, this amount will be collected by the courier physically transporting the goods, and normally an administration fee will be additionally charged for this transaction. If an agreement hasn’t been made with the seller, it is often the case the buyers find they need to pay these additional costs before the imported goods will be released from customs and delivered. Reclaiming of import VAT will then be made via the VAT return as an input tax, following the normal rules for UK-paid VAT.
Alternatively, import VAT can be accounted for using “postponed VAT accounting” on the VAT-return, which essentially is a similar scheme to the EU “intra-community” arrangement. This requires ensuring that the courier is advised how import VAT will be accounted, so they can complete the customs declaration appropriately.
Similarly, UK businesses selling goods internationally don’t add VAT to their invoices, but are likely to have import taxes added by the authorities in the receiving country. If the buyer has not agreed to include these additional costs within their purchase order, this can mean that the seller needs to settle these charges as part of their cost of supply, typically being charged by the courier used to deliver the goods. The difficulty is knowing in advance what is likely to be charged.
Customs Duty and Commodity Codes
In addition to VAT, businesses trading internationally need to take into account Customs Duty (and for certain products, Excise Duty as well) that may be charged on imports.
For UK businesses, this means checking with the HMRC and specifying the correct ‘Commodity Code’ for the goods, which will determine how much is charged. Unfortunately, there are thousands of such codes, covering all manner of products, so identifying the right code can take some searching.
@YellowsBestLtd typically imports a range of telecommunications spare parts, and can therefore advise that for similar requirements the following is applicable: Commodity Code: 8517620000
According to the HMRC website, sales of these goods should have no Duty to pay on imports. It’s less clear what may need to be paid on exports since this will vary by country. The ongoing concern is trying to anticipate these costs in advance, but by making an excessive allowance for them can mean an uncompetitive offer, causing a loss of business.
Your Experiences and Questions
We’d like to hear about your concerns or practical experiences of international trading, both before and after Brexit, within and beyond the EU. Please get in touch, and let us know how we can help with your continuing business requirements. We look forward to hearing from you.
Phased Discontinuation of Production – 31st May 2019 – 31st January 2020
The production of the ‘Dynanet’ family of PDH Transmission telecoms products, first introduced by Nokia over 20 years ago, and continued in recent years by DNWP, is finally being ended.
This product range has well served Public Operator and Private Network Customers across the Telecoms, Utilities, Transport and Public Safety markets with high availability mission critical infrastructure, and indeed some networks are continuing to provide good operational service.
Essentially almost all the old equipment items, with a very few exceptions such as the TPS64, are being completely discontinued in a phased way according to these milestones, which have already commended:
31st May 2019 – DM8 Multiplexers, DF2-8 Optical Terminals, RPSA
31st October 2019 – DM2 Multiplexers, Subs/Exch & VF Cards, DN2 IU2, Service Terminals, V.28/V.11 DIU
31stJanuary 2020 – DB2, DN2 CU & BPU, G.703 & V.110, DIU, Ethernet I/F, Ring Gen, NDM 19” Subrack, NDA
@YellowsBestLtd satisfies customer product sourcing requirements for current and ‘legacy’ equipment technologies.
Should you wish to read the full ‘ramp-down’ notice and know more about obtaining equipment before it is no longer available, then please get in touch.
The UMUX platform provides carrier-grade reliable multi-service multiplexing and aggregation functions over copper and fibre networks. A variety of voice (POTS, FSX, FSO, ISDN) and data (e.g. G.703, V.11, V,24, V,35) interfaces, SHDSL and Ethernet (including PoE+ and EoS) services are available.
The modular and flexible housing provided by the UMUX 1500 (8U, 21-slot) and UMUX 1200 (4U, 8-slot) 19” subracks provide the perfect solution for all applications and locations, offering redundant controller and power supplies.
‘Legacy’ telecoms history
The UMUX SDH product portfolio was originally launched 1991 by Ascom, which subsequently became Keymile.
In 2003, by when 70,000 units had been deployed worldwide, the ‘enhanced’ UMUX multiservice access platform was introduced, offering the delivery of ATM, TDM and IP based services from the same platform, with support for IP/Ethernet, ADSL, VoDSL and G.SHDL.
Keymile was sold to ABB in 2017 when the UMUX range was discontinued, and then was acquired in 2019 by DZS.
Continuing to provide operational service
The UMUX, together with the UNEM network management system and ‘sister’ LINERUNNER and MILEGATE products, continues to provide operational service with various global Operator, Utilities and Transport companies.
@YellowsBestLtd supports requirements to maintain these networks by supplying various spare part items from refurbished and surplus stocks in perfect working order.
There follows a list of the main elements that are typically provided, though other items can be provided. Please let us know of any specific requirements you may have. We look forward to being of assistance.
The Nokia ‘Dynanet’ family of PDH Transmission telecoms products has served customers well for the last 20+ years, and indeed some networks continue providing good operational service.
@YellowsBestLtd has supported requirements to maintain these networks by supplying various spare part items from refurbished and surplus stocks in perfectly working order.
However, demand has recently reduced and warehouse space is needed, so now the time has come to recycle / dispose of a large proportion of the remaining equipment. Consequently, there remains a short-term opportunity to obtain any items still required to maintain existing deployed infrastructure, before the products are gone.
Here is a stock list of the main items currently available, though there may be a few additional parts that can be supplied. Hence, please check and if you do have any requirements, please let us know – before it’s too late! We look forward to hearing from you.
TPSO H/W Module
DB2 Branching Unit, B2 2×2 Mb/s 75 ohm
DB2 2 Mb/s Switching Unit, X2 75 ohm
DN2 Interface Unit (IU2) 2×2 Mb/s 75 ohm
DN2 Control Unit (CU) 75 ohm
DN2 19″ Subrack
DN2 Subrack 19″, grey-L91 EMC
DN2 Bus Power Unit (BPU)
Extended DN2 Bus Power Unit (EBPU)
Data Interface Unit (DIU) 2M, nx64k: G.703/704, 75 ohm
17-slot DYNANET Subrack
Subrack Power Adapter (SPA)
NDM ACM2 19in 17-slot subrack
NDM DN2 19″ 17-Slot Subrack
NDM DC Unit (NDUe)
NDM DC Unit (NDUe)
NDM Ring Generator
NDM Backup Unit (NBU)
ACL2 RM DC Power Gen
ACL2i PF GEN Line Terminal Card
Optical Line Terminal Repeater 2-8 M, 1300 nm LED MM/SM
Optical Line Terminal Repeater 2-8 M, 1300 nm LASER SM
DM34 Mux Card
DM8 Multiplex Equipment, 75 ohm
Ring Generator 25HZ 15W
Data Interface Unit (DIU) 48..64k V.11 10ch
Data Interface Unit (DIU) NX64k V.11/V.35/X.21 2CH
@YellowsBestLtd has now reached the significant milestone of completing three years of trading; something often useful to be able to state when qualifying for opportunities and registering with business customers.
Our aim continues to be “Keeping Customers Operational”; understanding requirements and fulfilling them by providing a range of management services and solutions, including:
consultancy, such as business development planning
technical support, e.g. day-rate engineering, NMS assistance
systems supply, including legacy IT servers / workstations
spares for infrastructure, in particular telecoms and CCTV cameras
repairs at module and component level, e.g. LED displayboards
value recovery through reverse logistics, resale and recycling
As we move forward in year four, we’d very much like to discover what else to provide to our existing Customers, as well as what would be of interest to potential clients. We’re always keen to enhance our range of #business services, increase the #enterprise infrastructure we support and expand our mix of #sustainable solutions we offer for supply and maintenance of new and legacy #technologies and products.
Please get in touch to discuss your challenges; whether you’re implementing new systems or maintaining existing infrastructure to serve your operational business needs. We look forward to hearing from you.
@YellowsBestLtd our mission is to provide our Customers with Management Services and Solutions so their infrastructure networks continue to serve and perform – “Keeping Customers Operational”
Needs vary from the launch of the latest IT and Telecoms technologies through to the support of well-established legacy systems.
Given that each organisation is unique, both in its business practices and deployed infrastructure, then we find that its best to take a flexible approach and provide tailored services to suit exacting demands.
Our no-cost and no-obligation Customer consultation is all about finding out needs, regardless of technology or manufacturer, and then sourcing the required solution(s), which may mean seeking out difficult to obtain products or requiring the supply of specialist services. So in essence, it’s not about us ‘selling’ them something we have, but rather our clients ‘telling’ us what to provide. Making it easier and more convenient for busy procurement and operational teams, saving them effort, time and cost.
We’re always keen to see how we can enhance our range of #business services, increase the #enterprise infrastructure we support and expand our mix of #systems solutions to supply the required #technologies and products for our customers.
Please help us understand what services would be of interest to you to support your systems requirements, by getting in touch; we look forward to hearing from you.
Customers who own infrastructure systems usually require some form of test equipment to assist with the build, operation and maintenance activities.
Given the mixture of old and new technologies now deployed, consequently the range of available test equipment options has grown considerably. And like the infrastructure systems themselves, new functionality demands and obsolescence issues also affect the associated test equipment needs and availability.
@YellowsBestLtd assists Customers by sourcing the required test equipment, supplying either modern or legacy units. Often refurbished ex-hire equipment in excellent condition and at commercially attractive prices makes sense over leasing. This ensures the continued availability of sets of the appropriate specification, which may become discontinued by the manufacturers over time.
If necessary, we can also arrange the repair of existing units, especially those that perform very specific functions that cannot easily be replicated with more recent equipment.
There follows a brief description of many of the types of test equipment available; we would be very keen to hear from you to understand your specific requirements, so please get in touch!
Calibration checkboxes, or electrical checkboxes, are used for routine observations of test equipment and allow users to maintain accuracy in between official calibration procedures. Suitable for use with PAT testers and with other testers and instruments.
These test the efficiency and status of components including transistors and capacitors. An essential instrument for development engineering when specific components are used in product design.
Earth Loop Testers
Loop impedance testers, or loop testers, verify the loop impedance of a live electrical circuit without disconnecting from the electrical supply. Most testers include non-tripping RCD technology as standard to prevent unexpected outages.
These verify that electrical current paths are safely earthed. Earth spike testers, high current loop testers with earth stakes and leads are available.
EMF meters are used for verifying the presence of electrical magnetic fields given off by electrical equipment. Ideal for use in heavy-duty electrical applications and laboratory testing conditions.
EVSE testers are purpose-built for the installation, testing and maintenance of electrical vehicle supply equipment and are an essential for use by electrical vehicle charging point installers, manufacturers and anyone else involved with EVSE equipment.
Insulation & Continuity Testers
A wide range of insulation and continuity testing instruments which include Megger insulation testers, insulation resistance testers, Fluke testers and insulation meters from Amprobe, DiLog, Seaward, Metrel, Martindale, Kewtech and Extech.
LCR meters get their name from their testing capabilities – they can test inductance (L), capacitance (C) and resistance (R).
Ideal for use when completing or testing an electrical installation. The huge range of MFTs include the Fluke 1600 range and Megger installation testers.
Optical Fibre Inspectors
Quickly find and inspect the right port. Like having a built in flash-light so you can see in dark areas and dense panels. Pause button holds the image for viewing when it’s hard to get it just right. Bright backlit display. Screw-on probe tips to support most connector types.
Optical Fibre Visual Fault Locators
Locates fibres, finds faults, verifies continuity and polarity. Locates visual faults including tight bends, breaks and bad connectors. Easily verifies polarity and identifies fibres. Features continuous and flashing modes.
Optical Power Meters
Multimode and Singlemode Power and Loss Measurements. Multiple kit configurations with light sources for single mode, multimode and PON fibre optics. Min/Max capability automates tracking of intermittent power fluctuations.
For Portable Appliance Testing (PAT) routine safety checking of electrical equipment, including dual insulation test voltages and portable RCD lead testing, with adjustable PASS testing limits and substitute/mains powered leakage testing procedures.
Power Quality Analysers
These provide a comprehensive snapshot of how power is being used in your facility and verify where energy is being lost. The latest power analysers and power analysis tools include those from Fluke and Hioki.
Production Line Safety Testers
Perfect for laboratories and product design applications, the equipment in this category can be used to verify electrical safety, service equipment using multiple electrical parameters and to simulate PAT conditions.
An essential accompaniment to a voltage tester, proving units verify that the tester remains accurate both before and after testing. Both the NICEIC and NAPIT strongly recommend using these regularly when testing.
For testing RCD trip time and overall residual current device safety/efficiency. Available are handheld RCD testers, Megger RCD testers, RCD analysers and multifunctional RCD testers which also measure loop and PSC.
These testers are placed into a socket to assess faults with the wiring using audio/visual feedback.
Telecom Datacom Analysers
Ideally suiting traditional telecommunications networking requirements, typically providing testing at V.24, V.35, V.11/X.21 interfaces at rates up to 2 Mb/s. Also a full range of BER/BLER measurements, control-circuit timing analysis with transitions diagrams and storage in text and graphic form.
These verify the presence of voltage, and allow full test of voltage levels. Instruments are available from the leading test equipment manufacturers such as Fluke, Kewtech, Martindale, Amprobe and Megger.
Most Customers’ infrastructure systems now consist of a wide range of technologies from the very old to relatively recent, having been built to serve operational requirements for a number of years. In many cases, these requirements don’t significantly change, and it therefore makes sense to keep these systems in place to maximise the use of the investment and avoid whole-scale change-outs that would be costly, disruptive and unnecessary.
@YellowsBestLtd locates hard-to-find replacement spare parts to keep legacy infrastructure in operational service that has been deemed ‘obsolete’ by the manufacturers, as well as supplying additional spares for newer systems that can be used to increase capacity or provide alternative interfaces.
Typically we provide refurbished spares, tested and working, but often it is the case that unused products from surplus stocks can be supplied. Hence for both old and new systems, we are usually able to source parts at very commercially competitive rates and with short lead-times.
Here is a selection of items that we’ve recently been helping customers procure or obtain parts for. Keen to hear what requirements you may have, so please get in touch.