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Government announces simplified tax reporting for self-employed and small businesses
Reforms to the tax system aim to make it easier for self-employed workers and small businesses to fill out their returns have been...
Aug 6, 2021


VAT liability of charging electric cars
HMRC has clarified the VAT treatment of the supply of electricity for electric cars in a recent brief, outlining when input tax can be...
Aug 6, 2021


SEISS fifth grant: Personal claim dates
The claims service for the fifth SEISS grant will open from late July. The grant covers lost or reduced earnings from May to September...
Jul 23, 2021


Business rates revaluation consultation launched
The UK Government is seeking input on plans to boost the regularity of business rates revaluations. HM Treasury launched a consultation...
Jul 14, 2021


Small businesses urged to act fast
An estimated 26,000 e-commerce sellers will face £180m in additional red tape costs, as the EU introduces new VAT rules on sales coming...
Jul 13, 2021


LITRG releases guidance on how SEISS is taxed
The Low Income Tax Reform Group ("LITRG") is warning people who have claimed Self-Employment Income Support Scheme ("SEISS") grants that...
Jul 6, 2021


Calls to extend support for small businesses
The Federation for Small Businesses is calling on the government to extend its support for small firms after the lifting of lockdown...
Jul 5, 2021


Stamp duty holiday begins tapering off
The temporary holiday for stamp duty land tax is set to start tapering off from 30 June 2021 as the UK continues its gradual closing of...
Jun 28, 2021


HMRC sets out penalty regime for SEISS abuse
As the fourth self employment income support scheme (SEISS) ramps up for applications, HMRC has confirmed the penalty regime with harsh...
May 10, 2021


How "Pay As You Grow" can provide flexibility with Bounce Back Loan repayments due to start soon
The UK Government accounced Pay As You Grow (PAYG) options for Bounce Back Loan borrowers in September 2020, giving the borrower the...
Apr 29, 2021


Limited window for SME's to apply for Brexit support grant
Businesses qualifying for the grant under the Brexit Support Fund only have until 30 June 2021 to make a claim. You will be eligible to...
Apr 25, 2021


Working from home allowance
Employed workers can now claim the government's working from home allowance for the 2021/22 tax year. This gives workers a £6 per week...
Apr 21, 2021


Restart Grant Scheme
Restart Grants are a one-off cash grant available from this month to hard-hit hospitality, accommodation, leisure, personal care and gym...
Apr 15, 2021


Self-employed Income Support Scheme
The fourth Self-employed Income Support Scheme (SEISS) grant covers the period February to April 2021. It will now be open to individuals...
Apr 12, 2021


Recovery Loan Scheme opens for businesses to raise finance
Launched on 6 April 2021, the Recovery Loan Scheme (RLS) provides financial support to businesses across the UK as they recover and grow...
Apr 11, 2021


IR35 changes: What the new rules mean from April 2021
The private sector reform was due to take place in April 2020, but was delayed because of the Covid-19 pandemic. Key points IR35 refers...
Apr 2, 2021


How to claim the 4th SEISS grant
The Chancellor unveiled more details about the fourth self employed grant during the budget on 3 March. Key Points The Chancellor...
Mar 17, 2021


Capital Allowance super-deduction: an attractive measure but time to start planning now
The government’s new capital allowance ‘super-deduction’ hopes to boost business investment and productivity, but good planning and...
Mar 12, 2021


UK introduces tougher penalties for late payment of income tax
A significantly tougher regime of penalties for late income tax payment was released in the Budget announcement on 3 March. Key Points...
Mar 11, 2021


The Chancellor is set to freeze fuel duty due to the reliance on cars during the pandemic
The Chancellor has reportedly ruled out a rise in fuel duty. Rishi Sunak may extend the initiative under which drivers of electric...
Mar 1, 2021
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