MTD for Corporation Tax consultation
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HMRC has issued a new consultation to examine how the principles established for Making Tax Digital (MTD) could be implemented for those entities...
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Register for Northern Ireland Trader Support Service
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The Northern Ireland Trader Support Service was launched on 28 September 2020 to support businesses moving goods under the Northern Ireland...
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Beware tax deadline scammers
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Fraudsters are continuing to target taxpayers with scam emails in advance of the 31 January deadline for submission of Self-Assessment returns...
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Reasonable excuses for making a late furlough claim
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HMRC’s guidance on making claims through the Coronavirus Job Retention Scheme was updated on 19 November 2020. The updated guidance now includes...
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Tax Diary December 2020/January 2021
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1 December 2020 – Due date for Corporation Tax payable for the year ended 28 February 2020. 19 December 2020 – PAYE and NIC deductions...
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Why compound interest is important
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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...
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Scottish Budget 2021
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Scotland’s Finance Secretary, Kate Forbes, has announced that the Scottish Government’s Budget will be published for 2021-22 on 28 January 2021...
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HM Treasury instructions re CJRS
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An updated Treasury Direction under sections 71 and 76 of the Coronavirus Act 2020 concerning the extended Coronavirus Job Retention Scheme (CJRS)...
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Businesses within the scope of VAT in the UK
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The VAT system is policed by HMRC who can and do levy penalties for breaches of the legislation. There are four conditions that must be satisfied...
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Benefit conditions – Trivial benefits
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The trivial benefits in kind (BiK) exemption applies to small non-cash benefits like a bottle of wine or a bouquet of flowers given to employees...
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Benefit conditions – annual parties and events
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Now is usually the time that businesses are planning Christmas parties for staff as well as possibly for partners/spouses, clients and prospective...
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£1 million Annual Investment Allowance extended
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In a welcome move, the government has announced that the temporary Annual Investment Allowance (AIA) cap will be extended for a further 12 months...
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