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VAT and Brexit

by | Oct 4, 2021 | Tax News

Although it was clear VAT would be impacted significantly by Brexit, the prolonged exit negotiations and the last minute “deal” with the EU, alongside the pandemic, all conspired to mean that there wasn’t a great deal of time to prepare for VAT...

Social Care Funding Reforms – aka Tax Rises

by | Oct 1, 2021 | Tax News

On 7th September 2021 the Prime Minister broke a Manifesto Commitment and announced rises to National Insurance in order to fix Social Care costs. Of course its right to suspect that this may just be a sticking plaster – health and social care can be a near...

ACCA: The final furlough

by | Sep 24, 2021 | Covid-19

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA The Coronavirus Job Retention Scheme will end on 30 September 2021. What next? Claims for September must be submitted by 14 October 2021 and...

ACCA: Fifth SEISS grant – key checks to make

by | Sep 24, 2021 | Covid-19

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA How to check eligibility, and the turnover test Applications for the fifth Self-employment Income Support Scheme (SEISS) are open for...

ACCA: New points-based penalties system

by | Aug 24, 2021 | Tax News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA The Finance Act 2021 reforms the penalty regime for VAT and income tax self-assessment to make it fairer and more consistent The new late...

ACCA: Extended loss carry back for businesses

by | Jul 19, 2021 | Tax News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA All you need to know about the temporary extension to the trading losses carry back rules for both corporate and unincorporated businesses ...

ACCA: HMRC compliance checks

by | Jul 15, 2021 | Tax News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Anybody running a business needs to be concerned about the possibility of facing a tax inspection  New powers such as getting information...

ACCA – Covid roundup

by | Jul 5, 2021 | Covid-19

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA A look at some of the various support measures and what is changing As the country moves into the final stages of the lockdown measures, some...

Corporation Tax Rate Rise 2023 – Impact

by | Jun 2, 2021 | Tax News

As you may recall, in the Spring budget 2021 it was announced that Corporation Tax would rise to 25% in April 2023 for Companies with more than £250,000 profits.  It was also announced there would be a taper of the increased rate cutting in at a profit level of...