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The latest accounting and tax news

7th April 2021 / Tax

Important changes to the UK National Minimum Wage

As of April 1st, the national minimum wage has increased impacting businesses and millions of UK workers. As always the amount per hour the individual will get varies depending on age. Here are some of the important factors employees need to keep in mind when considering the changes.

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8th April 2021 / Brexit

Are you eligible for the Brexit Support Fund?

A grant of up to a maximum of £2,000 is available for SME businesses who have incurred Brexit related costs for training or professional advice to help you deal with import/ export VAT, customs excise or safety and security declarations.

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23rd March 2021 / COVID-19 Updates

The 4th SEISS grant and what you need to know

So, here we go again. The fourth SEISS grant (this is the Self-Employed Income Support Scheme grant) is upon us. Here we look at who is eligible, as well as when and how much you'll be able to claim.

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22nd March 2021 / Tax

Tax rate changes which may impact your business

Following the Spring Budget announced by Chancellor Rishi Sunak we have put together a summary of the important tax changes that may impact you and your business.

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22nd March 2021 / Tax

The loss carry back scheme has been extended

There has been an extension in the loss carry-back scheme. This is more good news for incorporated or unincorporated UK businesses.

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21st March 2021 / COVID-19 Updates

What do I need to do if I deferred VAT payments during Covid?

Did you defer payment of your VAT bills during the Covid-19 crisis? If you did, then you need to be aware of the following information.

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19th March 2021 / COVID-19 Updates

Coronavirus Job Retention Scheme (CJRS) Support Extended

The Chancellor announced earlier this month an extension to the Coronavirus Job Retention Scheme. The Government have recognised the need to keep the furlough scheme in place so businesses can continue to keep staff employed while they are "re-starting" their businesses

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15th March 2021 / Tax

Low-emission vehicles eligible for ‘plug in’ grants of up to £8,000

The government have released another welcome scheme which gives a discount of up to £8,000 on the price of a brand new low emission vehicle. The grant is issued straight to vehicle dealerships and manufacturers meaning you do not need to do anything if you would like to purchase one of these vehicles.

The vehicles eligible for a grant are:

  • cars
  • motorcycles
  • mopeds
  • vans
  • taxis
  • large vans and trucks
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12th February 2021 /

Self-assessment tax return penalty update

On 25 January HMRC gave the good news that if you missed the 31st of January deadline to submit your self-assessment tax return, you won't get a late filing penalty as long as you submit your online return by 28 February.

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3rd February 2021 / Tax

Still not filed your self-assessment tax return?

There has been some good news from the HMRC. Due to the coronavirus (COVID-19) pandemic, if you missed the 31st of January deadline to submit your self-assessment tax return, you’ll not get a late filing penalty as long as you submit your online return by 28 February.

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