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Don’t forget to claim home working tax relief

Don’t forget to claim home working tax relief

Posted in Business News, Latest News on February 3, 2021

Due to the ongoing restrictions of the Government’s Coronavirus response, millions of UK workers continue to work from home. Many may not be aware that …

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Large and medium-sized businesses need to be ready for IR35

Large and medium-sized businesses need to be ready for IR35

Posted in Business News, Latest News on February 3, 2021

Large and medium-sized businesses now just have a couple of months left to prepare for the changes to the off-payroll working rules (IR35). From 6 April …

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The VAT Reverse Charge for the Construction Industry Scheme – Are you ready?

The VAT Reverse Charge for the Construction Industry Scheme – Are you ready?

Posted in Business News, Latest News on February 3, 2021

From 1 March 2021, businesses within the Construction Industry Scheme (CIS) must record, report and pay VAT under the new VAT domestic reverse charge rules. …

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Basic rate taxpayers could face ‘high income’ child benefit charge

Basic rate taxpayers could face ‘high income’ child benefit charge

Posted in Business News, Latest News on February 3, 2021

Due to a mismatch of earnings thresholds, basic rate taxpayers may unexpectedly come under the scope of the High Income Child Benefit Charge in April. …

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VAT – Post-Brexit arrangements

VAT – Post-Brexit arrangements

Posted in Business News, Latest News on January 8, 2021

The latest guidance on VAT on imports and services to and from the EU is complex and businesses need to account for this in their trading. To help we have …

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FSB proposes move to turn Covid emergency debt into shared ownership schemes

FSB proposes move to turn Covid emergency debt into shared ownership schemes

Posted in Business News, Latest News on January 8, 2021

The Federation of Small Businesses (FSB) is calling on the Government to introduce new measures to help companies struggling with COVID-related debt, including …

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HMRC issues new warning over lockdown fraudsters

HMRC issues new warning over lockdown fraudsters

Posted in Business News, Latest News on January 8, 2021

Within hours of the Prime Minister announcing a new national lockdown in England, HM Revenue & Customs (HMRC) has issued new warnings after it received …

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Could the Government be about to launch a new permanent state-backed small business loan scheme?

Could the Government be about to launch a new permanent state-backed small business loan scheme?

Posted in Business News, Latest News on January 8, 2021

According to reports in the Financial Times, the Government is considering launching a new loan scheme, where businesses could borrow anything up to £10 …

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Independent commission argues against annual wealth tax but advocates a one-off charge

Independent commission argues against annual wealth tax but advocates a one-off charge

Posted in Business News, Latest News on January 8, 2021

An independent commission established last spring by the London School of Economics, the University of Warwick and the Economic and Social Research Council …

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HM Revenue & Customs increases the threshold for Self-Assessment online payment plan service to £30,000

HM Revenue & Customs increases the threshold for Self-Assessment online payment plan service to £30,000

Posted in Business News, Latest News on January 8, 2021

HM Revenue & Customs (HMRC) has increased the threshold for Self-Assessment taxpayers to use its online self-service Time to Pay payment plan service …

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