Payrolling Benefits in Kind From April 2027: What Employers Must Do Now
From 6 April 2027, employers must start taxing certain benefits in kind through payroll rather than reporting them on P11D forms. HMRC has confirmed a phased [...]
Is Staff Entertaining Tax Deductible? Entertaining, VAT and Corporation Tax Explained
Yes, staff entertaining is normally tax deductible for UK companies and the VAT can be reclaimed. Client entertaining is not: it is disallowed for corporation [...]
Making Tax Digital: HMRC Is Now Signing People Up – Here’s What to Check Before 7 November
If you are a sole trader or landlord with income over £50,000 and have not joined Making Tax Digital for Income Tax, HMRC may now [...]
Budget Summary 2021
State of Economy and Outlook The UK economy shrank by 10% in 2020 The OBR (Office of Budget Responsibility) has forecast that the economy will [...]
Deferred VAT payments – COVID19
HMRC have now released details for paying VAT payments that were deferred between 20th March and 30th June 2020. Businesses can choose to pay the [...]
Christmas Party exemptions
Office parties will, more than likely, have to be online this year because of the coronavirus restrictions that apply across most of the country [...]
SEISS rules for 3rd Grant
When claiming the first two SEISS grants the self-employed individual had to confirm that their trade had been “adversely affected” by the coronavirus. This [...]
Brexit Planning Checklist
This checklist should not be relied upon as comprehensive guidance but as a reminder of some of the key planning questions and resources for businesses [...]
Further Business Support announced by chancellor
NEW JOB SUPPORT SCHEME ANNOUNCED Today Chancellor Rishi Sunak announced a new job scheme starting 1 November 2020 to replace the current Job retention (“furlough”) [...]
Support for Businesses – Coronavirus
Updated 09/04/2020 See also our Job retention scheme FAQ's Support for self employed This evening the chancellor announced measures to support the self employed, the [...]