Category: Uncategorized

Self-Employment Income Support Scheme (SEISS) Fourth Grant

In the March Budget, the Chancellor announced a fourth SEISS grant will be awarded. Unlike previous SEISS grants, those who were previously ineligible (as they did not trade in 2018/19 but did trade in 2019/20) may now be eligible for this payment.

31st March 2021

Restart Grant

This is a new payment available for business owners, which is aimed at assisting them navigate their way through what is hoped to be the last stages of Covid -19 restrictions imposed.

31st March 2021

Sunak sets out Budget to protect businesses

Chancellor Rishi Sunak set out a Budget to protect businesses through the pandemic, fix the public finances and begin building the future economy.

4th March 2021

What is the Current Situation for Payments made to a Personal Service Company and IR35 legislation?

When an individual provides personal services to another business through their own Personal Service Company (PSC), it is currently their own responsibility to determine whether or not they should be treated for tax purposes as an employee.

2nd March 2021

Late Payment of Self-Assessment Penalties Update

The normal deadline for making a self-assessment payment is 31 January following the end of the tax year.

24th February 2021

Deferment of VAT Update

In March 2020, HMRC announced that businesses were able to defer VAT payments (apart from MOSS payments) that were due between 20 March 2020 and 30 June 2020.

18th February 2021

Tax Planning Before the Year End – Part 3

This is the third is our series of Inheritance Tax Planning Advice.

16th February 2021

Changes in VAT for the Construction industry – The Domestic Reverse Charge

Do you work in the construction industry? If yes, the Domestic Reverse Charge (DRC) is set to commence on 1 March 2021.

15th February 2021

Tax Planning Before the Year End – Part 2

12th February 2021

Tax Planning Before the Year End – Part 1

The end of the 2020/21 tax year is less than two months away and now may be the opportune time to consider what steps can be taken to reduce your tax exposure for the year.

10th February 2021