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NEWS AND UPDATES


Preserving FHL status for 2020/21
A qualifying furnished holiday let (FHL) enjoys a number of favourable tax breaks - including business asset disposal relief, and the...
Oct 7, 20212 min read
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Furlough scheme
The furlough scheme ended on 30 September. The final claims need to be made by 14 October, with any amendments made by 28 October.
Oct 7, 20211 min read
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Key measures delayed
Earlier this year, the government announced that the basis period system would be reformed so that all unincorporated businesses would be...
Oct 6, 20212 min read
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Health and Social Care levy
Rumours of an imminent rise in NI rates started to circulate at the beginning of September, and were confirmed on 7 September with the...
Oct 6, 20213 min read
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October Key Dates
1 - Due date for payment of Corporation Tax for accounting periods ending 31 December 2020 5 - Deadline to notify HMRC of tax liability...
Oct 1, 20211 min read
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Contactless limit to increase to £100 from 15 October
The national roll-out of the new £100 spending limit for contactless card payments will begin from 15 October 2021, banking trade body UK...
Sep 27, 20211 min read
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CIOT warns over stamp duty refund claims
The CIOT has warned that some claims being made by firms offering help with Stamp Duty Land Tax (SDLT) refunds are too good to be true....
Sep 27, 20211 min read
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Digital marketplaces to report sellers' incomes from 2023
HMRC has published a consultation that outlines plans to implement reporting rules for digital platforms first put forward by the...
Sep 17, 20211 min read
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HMRC outlines changes to late payment penalty regime
HMRC has published a policy paper outlining the forthcoming changes to the penalties for late payment and interest harmonisation for...
Sep 17, 20212 min read
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ICAEW urges HMRC to scrap exemptions to simply VAT rules
In response to HMRC's consultation on simplifying the rules relating to land and property, the Institute of Chartered Accountants in...
Aug 31, 20211 min read
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The Government has published draft Finance Bill clauses
The Government has published draft clauses for the next Finance Bill, which broadly cover pre-announced policy changes. The government is...
Aug 31, 20211 min read
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HMRC updates salary sacrifice guidance
HMRC has updated the guidance on salary sacrifice. HMRC has removed the guidance on 'Salary sacrifice arrangements set up before 6 April...
Aug 27, 20211 min read
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Data reveals 1.9 million workers remain on furlough
The Coronavirus Job Retention Scheme (CJRS) is being wound down on 30 September 2021 and data published by HMRC has revealed that 1.9...
Aug 27, 20211 min read
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Increase in public trust in charities
Public trust in charities has reached its highest level since 2014, according to research published by the Charity Commission. An...
Aug 26, 20211 min read
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Pension scams average losses now over £50,000
According to the latest figures from Action Fraud the average loss from pension scams has reached £50,949 this year. That is more than...
Aug 26, 20211 min read
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Staffordshire County Show
We are looking forward to the Staffordshire County Show on 25 and 26 August. If you are coming to the show this year then things will be...
Aug 12, 20211 min read
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Property 30-day reporting issues
April 2020 saw the introduction of 30-day capital gains tax reporting and payment for disposals of UK residential property where the gain...
Aug 5, 20212 min read
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August Key Dates
1st - Due date for payment of Corporation Tax for accounting periods ending 31 October 2020 2nd - P46 (Car) deadline for quarter to 5...
Aug 4, 20211 min read
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Covid 19
From 1 August the government contribution will fall to 60%, meaning the employer will need to pay 20% to ensure the employee receives...
Aug 4, 20211 min read
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Schemes create one stop shop for VAT on EU trade
Three schemes were launched on 1 July to deal with VAT on business-to-consumer supplies of goods and services to EU customers. They are...
Jul 30, 20211 min read
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