Spending Review 2021/22
The Chancellor, Rishi Sunak delivered the government’s spending plans for the coming year to Parliament on 25 November 2020. The Spending Review usually covers 3 to 4 years but given the many unknowns
Deciding length of CJRS claim period
The Coronavirus Job Retention Scheme (CJRS) commonly known as the furlough scheme was due to come to an end on 31 October 2020 but has now been extended until 31 March 2021. Effective from 1 November
Proposed changes to CIS abuse rules
The Construction Industry Scheme (CIS) is a set of special rules for tax and National Insurance for those working in the construction industry. It was announced at Spring Budget 2020 that a
MTD for Corporation Tax consultation
HMRC has issued a new consultation to examine how the principles established for Making Tax Digital (MTD) could be implemented for those entities within the charge to Corporation Tax. The consultation
Register for Northern Ireland Trader Support Service
The Northern Ireland Trader Support Service was launched on 28 September 2020 to support businesses moving goods under the Northern Ireland Protocol from 1 January 2021 after the Brexit transition
Beware tax deadline scammers
Fraudsters are continuing to target taxpayers with scam emails in advance of the 31 January deadline for submission of Self-Assessment returns. In fact, over the last year, HMRC received more than
Reasonable excuses for making a late furlough claim
HMRC’s guidance on making claims through the Coronavirus Job Retention Scheme was updated on 19 November 2020. The updated guidance now includes various examples of what is meant by a ‘reasonable
Tax Diary December 2020/January 2021
1 December 2020 – Due date for Corporation Tax payable for the year ended 28 February 2020.
19 December 2020 – PAYE and NIC deductions due for month ended 5 December 2020. (If you pay your tax
Why compound interest is important
Many of us are building a pension fund, a portfolio of shares or deposits with our bank or building society.
Most of these investment options reward us for our participation by offering income
Scottish Budget 2021
Scotland’s Finance Secretary, Kate Forbes, has announced that the Scottish Government’s Budget will be published for 2021-22 on 28 January 2021. The date has been selected in order to allow the
