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....
Christmas gifts for employees
Have you thought about your Christmas gifts for employees yet? Remember that certain gifts to staff at Christmas are also tax free if structured corre...
Are you working from home? Make a claim
With more of us working from home there is good news from HMRC that employees can now make a claim for tax relief to cover some of their costs while t...
Penalties for over claimed CJRS, SEISS and “eat out to help out” grants
HMRC have announced that they will be imposing penalties of up to 100% of the amounts over claimed CJRS, SEISS and "eat out to help out" grants, on bu...
Reference Pay
An employee’s reference pay will depend upon whether or not they were on the payroll and subject to an RTI submission for 2019/20 on or before 19 Ma...
Claim your “furlough” grant by 14th December 2020
We now have further details of the operation of the extension of Coronavirus Job Retention Scheme “furlough” grant that will apply from 1 November...
COVID-19: HMRC confirms virtual Christmas party exemption
Have you thought about a virtual Christmas party for your business? This year, all face to face meetings and events have been replaced by virtual meet...