Super-deduction extension will benefit property landlords
First announced in March 2021 and set to run from 1 April 2021 for two years, the super-deduction allows any investments a business makes...
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- Aug 6, 2021
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...
- Jul 23, 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 19, 2021
Self Employment Income Support Scheme: Fifth grant turnover test
Unlike the previous four grants, the fifth grant will be worth different percentages of average trading profits depending on the...
- Jul 14, 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 13, 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 6, 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 5, 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...
- Jun 29, 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 22, 2021
UK inflation rate jumps to 2.1% in May
UK inflation jumped in May due to rising clothing and fuel prices, pushing it ahead of the Bank of England's target , the Office of...
- Apr 29, 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 2, 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...
- Mar 18, 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 16, 2021
Budget updates - VAT
Extended VAT discount for hospitality The current 5% VAT rate for the hospitality sector, holiday providers and attractions will be...
- Mar 12, 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 11, 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 1, 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...
- Feb 25, 2021
New online service opens for VAT deferral payments
Over 500,000 VAT registered businesses who deferred VAT payments between March and June 2020 now have the opportunity to join the new...
- Feb 21, 2021
UK announces £20m SME BREXIT support fund to help with rule changes
New BREXIT fund will help businesses prepare for the implementation of import controls. Businesses will be encouraged to apply for grants...
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