Budget 2021: Employment

Posted on 5th Mar 2021

On 3 March, Chancellor Rishi Sunak delivered the Budget for 2021. Here we have provided a summary of the measures that were announced relating to employment. Coronavirus Job Retention Scheme (CJRS) The current CJRS allows an employer to place an employee on furlough and apply...[more]

Budget 2021: Income Tax and Personal…

Posted on 5th Mar 2021

On 3 March, Chancellor Rishi Sunak delivered the 2021 Budget. Here we have provided a summary of the Income Tax rates and allowances that were announced. Income Tax Rates and Bands   2021/22 Band £ Rate %   0 - 37,700   20 37,701 -...[more]

Budget 2021: Personal Tax

Posted on 5th Mar 2021

On 3 March, Chancellor Rishi Sunak delivered the 2021 Budget following a prolonged period of economic hardship caused by the Covid-19 pandemic. Here we have provided a summary of the latest measures relating to personal tax. Universal Credit Universal Credit is a single payment that...[more]

5 ways to protect your business…

Posted on 27th Jan 2021

Covid-19 and its associated lockdowns have put many companies under increasing pressure. Unfortunately, however, the usual threats to businesses before the pandemic have not gone away – and flooding remains a major problem. In such difficult circumstances, businesses now need to be more vigilant than...[more]

Self Assessment tax return deadline approaching

Posted on 13th Jan 2021

HMRC has so far resisted calls to extend the forthcoming Self Assessment tax return deadline on 31 January and an easing of the late filing penalties also appears highly unlikely at this stage. Despite this there are options available to those facing difficulties, particularly late...[more]

Trust Registration Service: A reminder

Posted on 14th Dec 2020

In place since 2017, the Trust Registration Service (TRS) requires any trust which has a tax liability to be registered with HMRC. When the system was first introduced, trustees were only required to initially register trusts. However, HMRC updated their reporting process in September 2020,...[more]

Capital Gains Tax: Are major changes…

Posted on 13th Nov 2020

The Office of Tax Simplification (OTS) has published its report on Capital Gains Tax, which looks at how the difference in the way the levy is calculated compared to Income Tax can distort people’s behaviour. Corporate Tax Partner, Paul Twydell, has highlighted some of the...[more]

Welcoming.. Paul Twydell

Posted on 2nd Nov 2020

We are very pleased to welcome Paul Twydell, who joins us as a Partner to head up our Corporate Tax team. Previously with a Top 25 firm for the past seven years, he is known for his exceptional work in the creative, media and technology...[more]

Welcoming.. Bas Kundu

Posted on 19th Oct 2020

Bas Kundu recently returned to Simmons Gainsford as our Head of Real Estate and Transactional Tax Services. Previously with us for just over four years, he is reprising his part-time role to continue his excellent work across the property sector as well as M&A, transactions...[more]

Loan Charge liabilities: Updated guidance

Posted on 12th Oct 2020

HMRC recently updated their guidance on settling Loan Charge liabilities. There is a new section 4 which provides guidance for those that didn’t complete a tax return by the deadline. Self Assessment customers who did not file their 2018 to 2019 return by 30 September...[more]

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