Mini-Budget 2020: A Bitesize Guide

Posted on 10th Jul 2020

On Wednesday 8 July Chancellor Rishi Sunak delivered a summer statement as he outlined his plan to support jobs and the economy as the furlough scheme winds down. Here we have outlined some of the key measures included in the statement: Six-month VAT Cuts for...[more]

Dealing With Personal Liability Notices

Posted on 7th Jul 2020

Part of our tax dispute resolution team here at Simmons Gainsford LLP, Nicholas McLeman and Anthony Rose are urging advisers to ensure HMRC has adequate evidence to issue Personal Liability Notices. HMRC’s penalty regime introduced in FA 2007, Sch 24 and FA 2008, Sch 41...[more]

The Lowdown On Usual Hours For…

Posted on 1st Jul 2020

The government guidance on the Coronavirus Job Retention Scheme (CJRS) has been updated for the change to flexible furloughing. Although this commences on 1 July, any employee who commenced furlough before that date must complete a minimum of 3 consecutive weeks. For example, a previously...[more]

Don’t Get Bitten By HMRC’s IR35…

Posted on 24th Jun 2020

The private sector IR35 reforms are set to go live in April 2021, following the MP’s recent approval of amendments to the Finance Bill. Until then, the intermediary (the contractor’s limited company) remains responsible for determining the employment status of its workers. HMRC launched their...[more]

Protect Your Future by Getting Your…

Posted on 5th Jun 2020

These unprecedented times have presented many of us with situations for which we could never have planned and emphasised how important it is for every individual to create a resilient savings and investments structure. At SG Financial Services we believe that right now it is...[more]

Microsoft Teams How To Guide

Posted on 20th May 2020

In the current situation, video conferencing technology is proving itself to be a real game-changer. Before the COVID-19 lockdown many businesses (including ours) would use an audio or video conference call facility only if a face to face meeting was not possible. It was however...[more]

Managing Your Mental Health In Challenging…

Posted on 19th May 2020

To mark Mental Health Awareness Week 2020 - which takes place from 18-24 May - we have put together some tips on working from home, increasing your productivity levels and generally protecting your mental wellbeing during COVID-19. Managing your mental health in challenging times We...[more]

Gibraltar-UK Double Tax Treaty Now In…

Posted on 14th May 2020

Whilst Gibraltar has offered a competitive low tax rate, political independence and good sector links with the Government via The Gibraltar Finance Centre Council, for a number of years transactions between a Gibraltar company and a UK company in an international group, has historically been...[more]

A Softening Of Approach Regarding The…

Posted on 12th May 2020

Our previous update see here considered the first tranche of draft legislation introducing positive changes to the scope of the Loan Charge . This included the potential for repayment of tax that had been paid on loans that now fall outside the scope of the...[more]

COVID-19 Health Warning On Tax Scammers

Posted on 11th May 2020

It has long been the case that cyber attacks have been increasing in nature given the advancement of technology. The creativeness used by would be criminals to obtain information by deception (phishing) for their own personal gain has also evolved. Unfortunately, we have seen examples...[more]

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