The unpredictable nature of 2020 has no doubt forced people to consider getting their financial affairs in order. One particular area often overlooked is Inheritance Tax and the burden that this could place on your executors. Planning to minimise … Continue reading Plan Now To Reduce The Burden For Your Loved Ones
The government has announced that there will be an extra bank holiday in 2022 to celebrate the Queen’s 70th anniversary as monarch. The late May bank holiday will be moved to Thursday, 2 June 2022 and then an additional bank holiday on Friday, 3 June … Continue reading Queen’s Jubilee Gifts Extra Bank Holiday In 2022
The list of sports clubs registered with HMRC as a CASC has recently been updated. The Community Amateur Sports Clubs 'CASC' scheme was first introduced in April 2002 and allows for many amateur sports clubs to register with HMRC thereby … Continue reading Community Amateur Sports Club – Are You Missing Out On Tax Relief?
If your business acquires goods or sells goods to the EU, and you have no import/export trade with non-EU countries you probably have no experience of dealing with the raft of red tape involved in clearing goods through customs and settling any … Continue reading Brexit Is Coming – Do You Need A Customs Agent
The Bounce Back Loans scheme was launched in May 2020 to provide financial support to businesses across the UK that are losing revenue and seeing their cashflow disrupted as a result of the COVID-19 pandemic. The scheme allows small … Continue reading Bounce Back Loans Are Still Available
The Government has confirmed that the Self-Employed Income Support Scheme (SEISS) grant extension will apply for 6 months from 1 November 2020. It will be possible to claim the SEISS grant extension even if no previous claim had been made under the … Continue reading Claiming The Self Employed Income Support Scheme For The First Time?
Companies House has issued a press release to remind all companies to sign up for email reminders for annual accounts and confirmation statement. Companies House has now stopped sending reminders by post and has sent a final reminder letter to all … Continue reading Companies House Reminders Go Paperless
The VAT system is policed by HMRC who can and do levy penalties for breaches of the legislation. There are four conditions that must be satisfied in order for an activity to be within the scope of UK VAT. These conditions are that the … Continue reading Is Your Business In Or Out Of The Scope Of UK VAT?
An updated Treasury Direction under sections 71 and 76 of the Coronavirus Act 2020 concerning the extended Coronavirus Job Retention Scheme (CJRS) was published on 12 November 2020. The CJRS was due to come to an end on 31 October 2020 but has now … Continue reading Updates To The Furlough Scheme
Following the announcement of a second lockdown, the Coronavirus Job Retention Scheme is being extended until 31 March 2021. The last day employers can submit or change claims for periods ending on or before 31 October 2020, is the 30th November … Continue reading New Furlough Guidance
The rules for individuals providing services to the public sector via an intermediary such as a personal service company (PSC) changed from April 2017. The new rules shifted the responsibility for deciding whether the intermediaries’ legislation … Continue reading Update: Off-Payroll Working Rules
HMRC’s VAT Notice 700/1: should I be registered for VAT? has recently been updated. The taxable turnover threshold, that determines whether businesses should be registered for VAT is currently £85,000. The taxable turnover threshold that determines … Continue reading Registering for VAT