Measures to assist with Covid-19

Posted on 15th Apr 2020

Below we have summarised the latest position on a number of financial measures to assist businesses and individuals with Covid-19. Should you wish to discuss further, please contact us. Business Support Guidance The Government has set up a new page providing advice and information which...[more]

Payment deadline approaching for deferred VAT

Posted on 3rd Jun 2021

Businesses that deferred VAT payments last year have until 21 June 2021 to join online and pay in monthly instalments under the VAT deferral new payment scheme. Jim Harra, HMRC's Chief Executive, has said: "Businesses that deferred paying their VAT last spring have until 21...[more]

Welcome news for Property Investors

Posted on 26th May 2021

The Spring Budget announced the introduction of the enhanced rate of capital allowances, known as the Super Deduction and Special Rate Deduction, which entitles companies spending money on Plant and Machinery after 1 April 2021 an enhanced tax deduction. However, the first draft of the...[more]

Managing your mental health

Posted on 10th May 2021

To mark Mental Health Awareness Week which takes place 10-16 May, we have put together some tips on working from home, increasing your productivity levels and generally protecting your mental wellbeing during challenging times. We all have physical and mental health and they can both...[more]

Time to Pay: Could this impact your banking covenants?

Posted on 6th May 2021

Many businesses will have entered into a Time to Pay Arrangement for their corporation tax as a result of the pandemic. At some point though, historic tax payments will overlap with new taxation liabilities. This may create further cashflow pressure, particularly at a time when...[more]

IR35: Changes to the Off-Payroll Rules

Posted on 6th Apr 2021

Changes to the rules relating to off-payroll workers (commonly known as IR35) have now come into effect. Applying to off-payroll workers who provide personal services to clients in the private sector through an ‘intermediary’, the changes revolve around tax and employment status, and who makes...[more]

2021/22 UK Tax Rates and Allowances

Posted on 2nd Apr 2021

It is important to be aware of the tax rates and allowances that form part of the 2021/22 UK tax year, so we have put together a quick guide to assist you with this. For a calendar of key dates and upcoming deadlines, please check...[more]

Tax Day 2021: Capital Gains Tax left untouched

Posted on 25th Mar 2021

On 23 March 2021 the Government published more than 30 tax policy announcements and documents known as ‘Tax Day’. Here we take a look at the latest developments in relation to a number of personal tax areas. Capital Gains Tax (CGT) Although not a great...[more]

Getting Ready for the New Tax Year

Posted on 22nd Mar 2021

Making the decision to take a healthy and savvy approach to your finances should be something we can all get on board with. We recommend staying informed about the range of tax relief opportunities outlined below to help protect and maximise your savings and investments,...[more]

Budget 2021: Other Matters

Posted on 5th Mar 2021

Following Budget 2021 on 3 March, we have summarised the latest position on a range of matters from new SDLT rates to alcohol, fuel and tobacco duties. Land and Buildings Transaction Taxes Land and buildings transaction taxes are devolved to Scotland (Land and Buildings Transaction...[more]

Budget 2021: Capital Taxes

Posted on 5th Mar 2021

Here we have summarised the latest position on capital taxes following Budget 2021, including Capital Gains Tax and Inheritance Tax. Capital Gains Tax (CGT) Rates No changes to the current rates of CGT were announced at Budget 2021. This means that the rate remains at...[more]

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