News

Meet our new staff 10.7 million taxpayers submitted their 2019/20 Self Assessment Tax Returns Rogue employers named and shamed for failing to pay employees the minimum wage Scottish Budget Income Tax Scottish Land and Buildings Transaction Tax Bonus of £1,000 to help businesses take on trainees LITRG calls for a rise in the High Income…

Chancellor announces £4.6 billion lockdown grant package Extension of the Job Retention Scheme VAT Deferral HMRC and Advertising Standard Authority launch new action to disrupt promoters of tax avoidance schemes Self assessment deadline approaching Institute of Directors warns Capital Gains Tax (CGT) rise would adversely affect entrepreneurs Individuals urged to remain vigilant when making festive…

This is our final Newsletter of 2020. A year quite like any other , overshadowed by a virus which has governed peoples lives for nine months and of course our impending exit from the EU. We have seen huge amounts of financial support from the Government to businesses both large and small. We have seen…

HMRC have published details of the time limits for making Coronavirus Job Retention Scheme claims in respect of employees who are furloughed. All claims for periods from 1 July 2020 to 31 October 2020 must be submitted no later than 30 November 2020.  Claims from 1 November 2020 are subject to even tighter timescales:  …

Furlough scheme extended Increased support made available for the self employed Chancellor approves grants for businesses closed by lockdown Self assessment customers to benefit from enhanced payment plans 54,800 customers claim tax relief for working from home Brexit imports and exports Latest guidance for employers Furlough scheme extended On 5 November, Chancellor Rishi Sunak announced that…

The second and final taxable grant is worth 70% of an individual’s average monthly trading profits, paid out in a single instalment covering three months’ worth of profits, and capped at £6,570 in total. Applications for the second and final grant is closing shortly, taxpayers must make a claim on or before 19 October 2020….

COVID-19 Job Support Scheme Winter Economy Plan support for the self-employed VAT deferral and enhanced Time to Pay for self assessment Changes to the Bounce Back Loan and Coronavirus Business Interruption Loan Schemes The VAT reverse charge Ministers announce new grants for businesses affected by local lockdowns New trade arrangements with the EU from 1…

Plastic bag tax charge to be doubled and extended to all retailers More than £30 million lost to pension scams Advisory fuel rates for company cars Eat Out to Help Out – over 64 million meals Self assessment deadlines HMRC latest guidance for employers Kickstart Scheme opens for applications Self Employment Income Support Scheme Grants…

In this month’s E News there is an emphasis as we might expect upon the measures linked to the continuing COVID-19 pandemic. The UK economy is now officially in recession and unemployment continues to rise within a number of major sectors across the country. There is increasing concern regarding  potential changes in tax policy and…

Some good news for small businesses in the midst of the current crisis Small businesses facing late payment issues no longer have to suffer in silence. The work undertaken by the Small Business Commissioner, whom financial regulators have been supporting, has highlighted the commitment to continue its efforts to ensure that small businesses are paid…