Hot Topics

What's new in the world of tax and business? This section contains articles on some hot topics.

27 Oct 2020

Analysing the Job Support Scheme

The JSS Open and JSS Closed are introduced from 1 November 2020.

21 Sep 2020

Who can claim the Job Retention Bonus?

Taking a look at the Job Retention Bonus.

10 Sep 2020

Latest update on government business help schemes during theCOVID-19 pandemic

Although the frequency of new initiatives announced by the UK government are now less in number than a few months ago, there is still plenty of support available.

10 Sep 2020

Greener business government

As the government continues to promote greener business motoring, it has introduced new emissions tests and reduced benefit rates for cleaner vehicles.

10 Sep 2020

Residential property sellers: reporting gains within 30 days

For a UK resident, since 6 April 2020 where a UK residential property is disposed of, the resulting capital gain needs to be reported and the capital gains tax paid within 30 days of completion of the disposal.

10 Sep 2020

November autumn budget the budget and potential planning considerations

The predicted November 2020 budget to be given by Rishi Sunak could be one of the most severe in recent memory.

10 Sep 2020

Working remotely – tax implications

As UK lockdown took hold in the Spring, many employees were told to work remotely for the foreseeable future.

10 Sep 2020

Buyers: Stamp Duty Land Tax

Good news for buyers as the chancellor recently announced a temporary increase in the Stamp Duty Land Tax (SDLT) threshold which will last until 31 March 2021.

10 Sep 2020

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 of computation. Consequently, many errors have arisen and need to be corrected.

25 Aug 2020

Closing the UK's skills gap

Outlining ways in which the UK can boost employment.

28 Jul 2020

Extending Making Tax Digital

Taking a look at the extension of Making Tax Digital to other taxes.

09 Jul 2020

Chancellor unveils a plan for jobs

Analysing the measures announced in the Summer Economic Update.

22 Jun 2020

Tax relief while working from home

Considering the tax reliefs available to those working from home because of COVID-19.

26 May 2020

Looking ahead: exiting lockdown

Considering how businesses can restart operations once the COVID-19 lockdown ends.

28 Apr 2020

COVID-19: the Coronavirus Job Retention Scheme

Analysis of the Coronavirus Job Retention Scheme.

27 Mar 2020

Chancellor unveils help for self-employed workers

Government support for the impact of COVID-19.

18 Mar 2020

COVID-19: measures for UK businesses

Reviewing official guidance on COVID-19.

25 Feb 2020

Don't let flooding sink your business

Considering ways in which you can safeguard your business from flooding.

28 Jan 2020

Is time finally up for late payers?

Statutory 30-day limit for payment of all invoices proposed.

19 Dec 2019

Avoiding burnout

In today’s “always-on” society, business owners and managers are under more pressure than ever.

19 Dec 2019

Executing your strategy

Having a good strategy is one thing, executing it well can be a huge challenge.

18 Dec 2019

At last - the election is now over!

Well what is in store taxation wise? From the Conservative party manifesto, we know that for employers they plan to increase the National Insurance employment allowance to £4,000 in the not too distant future and for individuals they are looking to raise the NIC threshold to £9,500 from April 2020.

18 Dec 2019

Significant tax changes for those selling a property that is or was your main home... Farewell to lettings relief

From the 6th April 2020, there are planned changes to the Private Residence Relief rules which could affect a sale of your main home or a property that was your main home at one time. In addition, Lettings Relief will be significantly restricted resulting to some losing out on up to £40,000 capital gain relief per person.

18 Dec 2019

Simple ways to reduce inheritance tax (IHT)

You may remember in the Autumn newsletter we spoke about potential changes that could be on the way for UK Inheritance tax. The newly elected government will have to decide which of the recommended changes it wishes to implement.

18 Dec 2019

Taxing offshore investment funds

Don’t get taxed incorrectly is the first thought to take away after reading an article on offshore investment funds in HMRC’s latest newsletter. We know of cases where people have invested in Indian Mutual Funds and assumed that gains will be subject to CGT at 20% when in fact, they are taxable at much higher tax rates of up to 45% as income gains.

18 Dec 2019

Telic – a new venture focusing on those using business a force for good

As we head towards a new decade, there is a growing trend for businesses to be more purpose-driven by committing to make a positive and impactful change within the space they operate in whilst still making a profit.

18 Dec 2019

Christmas gifts of up to £50 to employees

Christmas and tax are generally subjects that do not go together but there are some generous tax-free benefits that can be given to employees just in time for Christmas.

18 Dec 2019

Gifts to charity

If you feel in a generous mood then please remember a gift to a gift-aid charity could help save you tax. Where possible higher rate taxpayers should “Gift Aid” any payments to charity to provide additional benefit to the charity and for the individual to obtain additional tax relief on the payment.

18 Dec 2019

Non-resident companies chargeable to corporation tax

Just a reminder on an article from our Autumn newsletter. Please remember, from 6 April 2020 significant changes come into effect for non-resident companies.

18 Dec 2019

Boris Johnson to delay 17% rate of corporation tax

As discussed in the introduction, Corporation tax is scheduled to be reduced from 19% to 17% from 1 April 2020.

16 Dec 2019

Making Tax Digital and the rise of online accounting software

Analysing the rise in popularity of online accounting.

26 Nov 2019

Staying pension wise

Looking at how individuals can protect their pension pots from pension scammers.

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