Insights

New customs and tax rules have been introduced for the movement of goods between the UK and countries in the EU. This…

HMRC has announced that self-assessment taxpayers will not be charged the initial 5% late payment penalty provided they either pay their tax…

In the recent Budget 2021, Rishi Sunak announced some extra support available for the self-employed people previously unable to claim COVID-19 government…

In recognition of the issues facing businesses as a result of the COVID-19 pandemic, the government has made new grants and loans…

A range of new grants and loans are being made available for companies as we start to emerge from the disruption of…

To help boost investment rates, Rishi Sunak announced in the Budget 2021 a new “super deduction” of 130% is available to companies…

Ask almost anyone the name of the Chancellor of the Exchequer a few years ago and many people could not have answered.…

The current tax year (2020-21) will end on 5 April 2021 and we are all expecting tax increases shortly to help recover…

New guidance from HMRC has outlined how to register for the online service to pay VAT payments that were deferred between 20…

The quick roll-out of government loans and the ability to ‘furlough’ employees have certainly been useful to businesses and have indeed kept…

Rishi Sunak will be delivering his spring budget on 3 March 2021, and likely tax announcements are becoming hotly anticipated. As reported…

The stamp duty holiday certainly had the desired effect and has helped create a mini property boom at a time when the…

Many small company directors were excluded from the first two furlough schemes because they paid themselves an annual salary at the end…

After being delayed in 2020 due to the COVID-19 pandemic, the anticipated revisions to IR35 (known as off-payroll working) are finally coming…

HMRC have just announced that due to the COVID-19 pandemic, any self-assessment taxpayers who cannot file their tax return by the 31st…

More than 12 million people will be submitting their 2019/20 self-assessment tax return online by 31 January 2021. This includes the self-employed,…

In recent weeks we have received a number of queries about capital gains tax due when a property is sold. These enquiries…

The VAT Domestic Reverse Charge (VDRC) rules for the construction industry will finally come into operation on 1 March 2021 after many…

Covid-19 has hit businesses in a way that no-one could have imagined. With nearly two-thirds of entrepreneurs feeling their business might not…

New Year, New Lockdown. The Chancellor Rishi Sunak has confirmed that firms who will suffer during the new lockdown are to receive…

General If you are importing or exporting goods after 31st December, you will need an EORI number. You can apply online and…

If you currently provide B2C services to customers in the EU, you should be aware of some important changes to the way…

Given that Brexit negotiations are still not concluded, there is still a fair amount of uncertainty in the business community over what…

This year the usual work Christmas parties and team dinners are not going to be possible for obvious reasons and a lot…

One aspect of the Chancellor's Winter Economy Plan that has not been postponed is the VAT deferral scheme. According to this, if…

As a result of the COVID-19 pandemic, your company’s business may be running at a loss or facing reduced profit levels this…

If your business is making ongoing investments to adjust to the Covid pandemic, you may be cheered to learn that the current…

Updated: 18 December 2020 The Coronavirus Job Retention Scheme (furlough scheme) has been extended again and will currently finish on 30 April 2021.…

Updated: 18 December 2020 Rishi Sunak has confirmed that the furlough scheme will be continuing until 30 April 2021. The scheme will…

England is entering a second lockdown on 5 November 2020 and the government has announced some additional support measures to ease the…

On 5 November 2020, people in England will wake up to a second lockdown that sees restaurants, pubs, gyms and leisure centres…

As a result of the impending second lockdown, the UK government has confirmed the existing Coronavirus Job Support Scheme (CJRS) will continue.…

You’ve probably seen the TV advertising campaign urging us to ‘get Brexit-ready’! But what does getting ‘Brexit-ready’ entail when it comes to…

Updated: 12 November 2020 Rishi Sunak has confirmed the Job Support Scheme (JSS), which was due to replace furlough from 1 November…

If you have a rental property, it is important to report the rental profits to HMRC on a self-assessment tax return. HMRC…

Updated 12 November 2020 The furlough scheme (Coronavirus Job Retention Scheme) will now be ending at the end of March 2021 and…

In his Winter Economy Plan, Rishi Sunak announced some new, enhanced payment arrangements for people who are paying income and capital gains…

Updated: 12 November 2020 Due to the continuation of the furlough scheme until March 2021 the Job Retention Bonus (JRB), a one-off,…

Rishi Sunak cancelled his Autumn Budget. The host of measures (including tax increases) to recoup the large investment made in supporting the…

It is well known that capital gains tax (CGT) is currently under review and that increases for wealthy taxpayers are very likely.…

This summer’s staycation boom, the prospect of Brexit and the temporary reduction in stamp duty rates have left many people thinking about…

The Covid-19 pandemic has brought about many changes, a lot of which involve the use of technology in our daily lives; from…

Although there have been a number of schemes available to support taxpayers through the Covid-19 pandemic, some have been more generous than…

Currently, taxpayers are entitled to take some, or all of the cash held in their private pension fund at age 55, including…

The extent to which fraudulent claims for furlough scheme grants have been made is now becoming very apparent. HMRC thinks that between…

The sale of a UK residential property which gives rise to a Capital Gains Tax liability now needs to be reported to…

In the recent case of Payne, Garbett and Coca-Cola European Partners Great Britain Ltd vs HMRC it was upheld that some modified ‘crew-cab’…

The government’s second and final grant for the self-employed has opened for applications. This offers a chance for three million people who…

It has been widely reported that the chancellor has asked The Office of Tax Simplification (OTS) to investigate whether capital gains tax…

The Corporate Insolvency and Governance Bill received royal assent on 25 June 2020 and is now an Act. It was introduced to…