From 1 January 2021, you’ll need to make changes to how you complete your VAT Return if you’re a UK VAT-registered business and account for import...
Advisory fuel rates for company cars from 01.12.2020
Please see below for the advisory fuel rates for company cars. These are the suggested reimbursement rates for employees' private mileage using their ...
Annual Investment Allowance
The Chancellor recently announced that the temporary increase in the Annual Investment Allowance (AIA) for expenditure on plant and machinery has been...
New VAT rules for construction sector starts 01.03.2021
New VAT rules for the construction sector are finally due to come into effect this March which will impact on accounting for VAT for transactions....
New lockdown grants to support businesses and protect jobs announced
Following last nights announcement that many businesses will be closed until at least February half-term in order to help control the virus, the Chan...
New years resolution to save tax with pension planning
At this time of year we think about New Year’s resolutions and pension planning could be a great way. It is also a good time to start planning your ...
Diary of main tax events for November / December 2020
Diary of main tax events for November / December 2020: 1/12/20 Corporation tax for year to 28/02/2020 unless quarterly instalments apply...
Gifts to charity and Gift Aid
Where possible taxpayers should “Gift Aid” any payments to charity to provide additional benefit to the charity. Higher rate taxpayers obtain addi...
Brexit transition: new rules for businesses
Whilst it is not yet fully known what will happen, 31 December 2020 marks the end of the Brexit transition period for UK businesses....