New Patent Box statistics published
HMRC has published official statistics on the number of companies claiming tax relief under the UK Patent Box. The Patent Box allows qualifying companies to apply a lower 10% Corporation Tax rate on
SEISS – claims deadline 19 October 2020
The deadline for making a claim under the second round of the Self-Employment Income Support Scheme (SEISS) is 19 October 2020. The second grant covers the quarter to 31 August 2020. This grant will
Kickstart scheme who can apply
The new £2 billion Kickstart scheme will enable employers to offer young people on Universal Credit – and at risk of long-term unemployment – state-subsidised work placements for six months. The
COVID review of salary sacrifice arrangements
The tax and NIC advantages of certain benefits provided as part of a salary sacrifice arrangement were removed from 6 April 2017. The change effectively removed the Income Tax and employer NIC
Claiming the Job Retention Bonus
New guidance has been published on claiming the Job Retention Bonus. The Job Retention Bonus provides for a £1,000 bonus payment to employers that bring back an employee that was furloughed under the
Paying or refunding transport costs
To ease the financial burden on their employees, some employers may look at paying or refunding transport costs for their employees when they return to work. There are tax implications that should be
COVID related benefits for employees
The Income Tax treatment of coronavirus tests and the provision of Personal Protective Equipment (PPE) to employees during the coronavirus pandemic is covered under specific HMRC guidance.
The
Grants overclaimed?
Any business that has overclaimed a Coronavirus Job Retention Scheme (CJRS) grant must pay back the overpayment to HMRC. The rules outlined below for paying HMRC back an overclaim also apply to
31 October paper Self-Assessment filing deadline
The 2019-20 tax return deadline for submitting your paper Self-Assessment returns is 31 October 2020. Due to the impact of coronavirus, taxpayers were able to delay making their second payment on
UK beef exporters given USA boost
The first shipments of UK beef departed for the USA last week. 30th September 2020, marking an historic moment for UK farmers and food producers.
Following the USA’s longstanding ban on EU beef –
