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NEWS AND UPDATES


800,000 claim tax relief for working from home
HMRC has confirmed that almost 800,000 employees who have been working from home during the pandemic have already claimed tax relief on...
Jul 30, 20211 min read
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Over 280,000 families now using Tax-Free Childcare
More than 282,000 working families used a Tax-Free Childcare (TFC) account during March 2021, according to figures from HMRC. HMRC stated...
Jul 22, 20211 min read
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Apprenticeship cash boost
The government has confirmed that employers of all sizes in England can now apply for £3,000 in extra funding to help them take on new...
Jul 22, 20211 min read
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What now for employers with Covid restrictions being eased?
Legal restrictions in place in respect of Covid-19 will start to end on Monday 19th July in England, Wales and Scotland. Each country is...
Jul 15, 20212 min read
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How flexible is your organisation?
Without a shadow of a doubt, these are interesting times, and increasingly we are observing that as we progress through the Government's...
Jul 14, 20211 min read
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VAT registration delays
Due to COVID19, some businesses are experiencing long delays in obtaining a VAT number after submitting the registration form. HMRC...
Jul 13, 20212 min read
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Property CGT - avoid reporting traps
Since April 2020, UK-resident taxpayers have been required to report gains on residential property, and make a payment on account of the...
Jul 13, 20214 min read
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Brexit - EU VAT changes
Several key changes to EU VAT law are to be enacted from 1 July. The first change is the abolition of small consignment relief which...
Jul 2, 20212 min read
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Level of Government support for Furlough scheme to reduce
From 1 July the level of government support for the furlough scheme will reduce. The government contribution will fall to 70%, subject to...
Jun 28, 20211 min read
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July Key Tax Dates
1st - Due date for payment of Corporation Tax for accounting periods ending 30 September 2020 6th - Filing deadline for Form P11D 6th -...
Jun 28, 20211 min read
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Non-resident SDLT surcharge now in effect
Since 1 April 2021, any non-UK resident purchasing UK residential property is liable to a 2% surcharge where the property is located in...
Jun 24, 20212 min read
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Umbrella Companies
Umbrella companies are currently high on HMRC's fraud investigation radar. In particular, the department's specialist unit is taking aim...
Jun 24, 20211 min read
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Forms P11D - reporting employee benefits
Forms P11D - reporting employee benefits The forms P11D which report details of benefits and some expenses provided to employees and...
Jun 22, 20211 min read
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Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 June 2021. The guidance states: 'You can use the previous...
Jun 22, 20211 min read
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Trade Credit Insurance Scheme to close
The temporary Trade Credit Reinsurance (TCR) scheme that helped struggling supply chain firms secure insurance protection during the...
Jun 18, 20211 min read
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Effectiveness of OTS set to be reviewed by Treasury
The Treasury has launched a review into the effectiveness of the Office of Tax Simplification (OTS), the independent body responsible for...
Jun 18, 20211 min read
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Government confirms start date for Plastic Packaging Tax
The UK government has confirmed that its plastic packaging tax (PPT) will come into force on 1 April 2022. The PPT will be charged at a...
Jun 16, 20211 min read
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NIC reliefs set for Freeports
Freeport operators will be able to take advantage of a zero rate of secondary national insurance contributions (NICs) for employees, the...
Jun 16, 20211 min read
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HMRC's VAT Deferral New Payment Scheme to close this month
Businesses that deferred VAT payments last year have less than a month left to join online and pay in monthly instalments under the VAT...
Jun 14, 20211 min read
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Fifth SEISS grant will be open to claims from late July
HMRC has confirmed that the fifth Self-employment Income Support Scheme (SEISS) grant covering the period May 2021 to September 2021 will...
Jun 9, 20211 min read
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