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NEWS AND UPDATES


Government scheme gives discounts of up to £5,000 on accounting software
The government's Help to Grow: Digital scheme – designed to support smaller businesses in adopting digital technologies – is now open for...
Feb 23, 20221 min read
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Claims portal reopens for Statutory Sick Pay Rebate Scheme
HMRC has reopened a claims portal for small employers to again claim refunds for coronavirus (COVID-19)-related sick pay. The reopening...
Feb 23, 20221 min read
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Consumer group urges taxpayers to avoid using refund firms to claim tax rebates
Consumer group Which? has urged taxpayers to avoid using so-called 'refund firms' to claim tax rebates. Which? stated that people are...
Feb 22, 20221 min read
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National insurance rise 'set to squeeze budgets', warns CBI
The Confederation of British Industry (CBI) has warned the government that the planned rise in national insurance will squeeze budgets...
Feb 21, 20221 min read
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No 'convincing case' for digital UK currency, says House of Lords committee
Creating an official digital currency in the UK could pose significant risks to the financial stability of banks, a House of Lords...
Feb 21, 20221 min read
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Finance Bill
The current Finance Bill has been amended to ensure HMRC can use the Discovery Assessment provisions in s. 29 TMA 1970 to recover unpaid...
Feb 15, 20221 min read
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Business Rate Relief Abuse
A perceived loophole that allows owners of multiple properties to avoid council tax is to be closed from April 2023. Under the current...
Feb 11, 20221 min read
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VAT penalty overhaul delayed
The default surcharge system of penalties for late VAT returns and payments was scheduled to be replaced in April 2022, coinciding with...
Feb 8, 20221 min read
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Late Tax Returns
On 7 January, HMRC announced that there would be no automatic late filing penalties provided that tax returns are filed by midnight on 28...
Feb 8, 20221 min read
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February Key Dates
1 - Due date for payment of Corporation Tax for accounting periods ending 30 April 2021 7 - Electronic VAT return and payment due for...
Feb 2, 20221 min read
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HMRC waives self assessment penalties for one month to ease COVID 19 pressures
HMRC is waiving late filing and late payment penalties for self assessment taxpayers for one month. The measure will give those taxpayers...
Jan 13, 20221 min read
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Self assessment taxpayers must declare COVID grants on tax returns
HMRC has reminded self assessment taxpayers to declare any COVID-19 grant payments on their 2020/21 tax return. According to HMRC, more...
Jan 13, 20221 min read
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HMRC issues warning on self assessment scams
HMRC has warned taxpayers completing their 2020/21 tax returns to 'be on their guard' and stay vigilant in regard to tax-related scams....
Dec 8, 20211 min read
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December Key Dates
1 - Due date for payment of Corporation Tax for accounting periods ending 28 February 2021 7 - Electronic VAT return and payment due for...
Dec 8, 20211 min read
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£800 million Reinsurance Scheme opens for live events
The government has opened a £800 million Reinsurance Scheme to cover live events against cancellations stemming from the COVID-19...
Oct 27, 20211 min read
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Government announces plans to make requesting flexible working a day one right
UK workers could get more choice over when and where they work under new proposals to make the right to request flexible working a day...
Oct 27, 20211 min read
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COVID-19 Sick Pay Rebate Scheme closed in September
The government's scheme that enables small businesses to recoup statutory sick pay costs caused by COVID-19 closed at the end of...
Oct 25, 20211 min read
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British Business Bank provided £80.5 billion of COVID-19 support
UK workers could get more choice over when and where they work under new proposals to make the right to request flexible working a day...
Oct 25, 20211 min read
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So what's the true impact of an accidental manager?
You may well at this point be asking yourselves what we mean by an accidental manager. Well in layman's terms, it's someone who has been...
Oct 25, 20212 min read
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Chancellor to deliver Autumn 2021 Budget
HM Treasury has announced that Chancellor Rishi Sunak will deliver the Autumn 2021 Budget on Wednesday 27 October. On 7 September the...
Oct 8, 20211 min read
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