Insurance Cyprus

  If you’re in the market for a new car and want one with running costs that won’t break the bank, it’s tricky to know what to buy and easy to get wrong. You might fall in love with a car you test-drive which ends up costing you two or three times as much in terms of depreciation, insurance, repairs and miles per gallon as another, perhaps more sensible, option. The practical alternative might not have the jealousy-inducing looks and brand name, but just think how much better off you’ll be in the long run? The difference can be hundreds or even thousands of pounds each year.   Total cost of ownership – the low down           Fortunately, experts annually compile a list of cars which they think are the cheapest to own and run based on several factors. To arrive at a top ten with the lowest total cost of ownership (TCO) they use figures based on three-year old models with 30,000 miles on the clock. The TCO considers; pr...

BREXIT with withdrawal Agreement Should the United Kingdom exit the EU with a withdrawal agreement, then: The provisions of Regulations  883/2004  and  987/2009  on the coordination of social security systems will continue to apply until the end of the transition period on 31 December 2020. This means that the rules and the procedures for determining the applicable legislation (which Member State’s social security legislation an individual is subject to) will continue to apply during the transitional period. Periods of insurance, employment, self-employment or residence and facts and events in the United Kingdom that took place before the date the United Kingdom left the EU as those that took place during the transitional period until 31 December 2020 shall be taken into consideration for the purpose of acquiring entitlement to a benefit. The exportation of short-term benefits (illness, maternity, paternity, unemployment, employment injury) to...

Exit of the UK from the EU with an Agreement in place With the UK exiting the EU with an Agreement in place, a transitional period until the end 2020 will apply, during which period all transactions with UK will continue to be regulated as if UK is a Member State. All announcements issued and to be issued by the Tax Department in relation to the UK leaving the EU are available on the Tax Department's website and can be accessed using the following link : http://www.mof.gov.cy/mof/tax/taxdep.nsf/All/A03366590D96DA38C22583AE003396D9?OpenDocument Exit of the United Kingdom from the European Union without an Agreement As soon as the United Kingdom (UK) exits the European Union (EU) without an agreement, the UK will be a third country, and therefore, all the provisions of the VAT Law will apply as they apply for a country which is not a Member State of EU. Specifically, the goods will be received by taxable persons in the Republic from UK, will be considered as imports...