The Chancellor, Rishi Sunak has outlined the Winter Economy Plan with additional government support to provide certainty to businesses and workers imp...
Creating an effective reward strategy
In the current challenging trading environment, many firms are asking more and more of their team. As such, having an effective reward strategy has ne...
Virtual meetings: running effective meetings
Virtual meetings: Over the course of the past few months, we have all had to adapt to working remotely. Despite lockdown restrictions, many businesses...
Diary of main tax events September/October 2020
Diary of main tax events September/October 2020. 1 September: Corporation tax for year to 30/11/19 unless pay by quarterly instalments....
Certain property business owners are liable to class 2 National Insurance Contributions
Class 2 National Insurance Contributions (NICs) are currently paid at the rate of £3.05 per week by self-employed earners. A person who is liable to ...
MTD for VAT to be extended to all VAT registered businesses in 2022
Since 2019, the vast majority of VAT registered businesses with a taxable turnover above the VAT threshold (£85,000) have been mandated to keep digit...
VAT definition of “motor car”
For VAT purposes the definition of a motor car has been amended several times over the years. The current definition states: “Motor car” means a...
Notify HMRC of overclaimed CJRS “furlough” grants within 90 days
The calculation of Coronavirus Job Retention Scheme grants has proven to be complex, particularly as HMRC frequently changed the rules and the method ...
Rumours of capital gains tax increase
There has been a lot of speculation in the Press that the Chancellor may introduce radical changes to capital gains tax to start to repay the substant...