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Latest news and updates

Tax Diary November/December 2020

25 October 2020

1 November 2020 - Due date for Corporation Tax due for the year ended 31 January 2020. 19 November 2020

New cashback scheme proposed

22 October 2020

The government has announced plans to allow customers to get cashback from shops without needing to make

Closing a limited company

22 October 2020

There are a number of reasons why you may decide to close your limited company. This could be because a

Brexit countdown importers

22 October 2020

As we have reported previously, the UK government has confirmed that it will neither accept nor seek any

Brexit countdown exporters

22 October 2020

The Brexit transition period is due to end on 31 December 2020 and this means that the process for

Clock ticking on the Annual Investment Allowance

22 October 2020

The Annual Investment Allowance (AIA) allows for a 100% tax deduction on qualifying expenditure on plant

Distributions in anticipation of striking off rules

22 October 2020

The Extra Statutory Concession (ESC) - C16 was a well-used extra-statutory concession that allowed

Starting rate of Income Tax for savings

22 October 2020

In the current tax year, anyone with taxable income of less than £17,500 will have no tax to pay on their

When you can or can’t use the VAT Cash Accounting Scheme

22 October 2020

Under standard VAT accounting, VAT is payable on sales whether or not the customer has paid and can lead

New financial support measures announced

22 October 2020

The Chancellor, Rishi Sunak, has delivered his third major statement to the House of Commons in less than

Gaming behind the wheel?

20 October 2020

Unbelievably, it has been illegal to make phone calls or text while driving a car, but not illegal to

Last orders please…

19 October 2020

From 1 January 2021, UK businesses that export, import or transport goods to and from the EU will need to

New Freeports to cope with Brexit

15 October 2020

The government is moving ahead with plans to build free trade zones - known as Freeports - across Britain

Students warned of tax scams

15 October 2020

HMRC is warning new students starting university that they could be targeted by scammers trying to steal

Applying for Green Homes Grants

15 October 2020

Home owners and landlords in England can apply for a grant to make their home more energy efficient. The

New three-tier COVID-19 alert levels

15 October 2020

On 12 October, the Prime Minister announced the introduction of a new three-tier system of local COVID-19

Are your construction clients ready for reverse charge changes?

15 October 2020

New VAT rules for building contractors and sub-contractors come into effect from 1 March 2021. The new

Companies House warn of delays in postal submissions

15 October 2020

Company filing deadlines were extended for companies with filing deadlines between 27 June 2020 and 5

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