VAT deferral scheme open for business
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Businesses that took the option to defer the payment of their VAT liabilities between 20 March 2020 and 30 June 2020 need to decide what course of...
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Reminder of year end payroll chores
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It is not long until the current 2020-21 tax year comes to an end and there are a number of year end payroll chores that must be completed. This...
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Temporary carry back of losses
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A new temporary extension to the eligible carry back period for trading losses has been announced. This will allow trading losses to be carried...
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New mortgage guarantee scheme
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One of the measures announced as part of the March 2021 Budget was the introduction of a new mortgage guarantee scheme to help home buyers...
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Breaking even – a moveable feast
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In our previous newsfeeds we have described how you can calculate the level of turnover you need to create in order to meet all your costs whether...
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Lending to fund losses
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One of the Chancellors key announcements in the Budget last week was to replace the government guaranteed Bounce Back and Business Interruption...
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Spring Budget 2021 – CJRS and SEISS schemes extended
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The Coronavirus Job Retention Scheme (CJRS) commonly known as the furlough scheme will be extended until the 30 September 2021. The Chancellor...
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Spring Budget 2021 – Corporation Tax
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The Chancellor confirmed that the Corporation Tax main rate will remain at 19% from 1 April 2021 for the next 2 years. The main rate had been...
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Spring Budget 2021 – Income Tax Rates & Allowances
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It has been confirmed as part of the Budget announcements that the 2021-22 personal allowance will increase to £12,570 (2020-21: £12,500) and the...
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Tax codes for employees
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The P9X form is used to notify employers which tax codes to use for employees. The latest version of the form has just been published and shows...
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Claims to adjust payments on account
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Self-Assessment taxpayers are usually required to pay their Income Tax liabilities in three instalments each year. The first two payments are due...
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Companies House to pause strike off process
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Companies House has announced that they have once again temporarily paused the voluntary and compulsory strike off processes. The hiatus is set to...
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