On 26 February 2021 HMRC emailed a number of self-employed businesses requesting them to prove that they are still trading, before they will be able to claim the next two SEISS grants. As HMRC don’t often send emails directly…
Personal service companies and the new IR35 tax regime
From 6 April 2021 there will be changes to how IR35 works in the private sector. These changes were introduced for the public sector back in 2017 so there is already experience of what is involved and some case law…
Carrying holiday forwards – how new legislation has changed the rules
During 2020 the government passed new emergency legislation to respond to the coronavirus pandemic and to protect workers from losing their statutory holiday entitlement. These regulations enable workers to carry holiday forward where the impact of coronavirus means that it has…
VAT Domestic reverse charge for the construction industry
The domestic reverse charge has been delayed twice by HMRC but as of 1 March 2021 it must be used for most supplies of building and construction services. The charge applies to VAT registered businesses who are supplying/receiving services that…
Want a rewarding career?
Do you have the skills required to become one of the country’s leading professional service providers? If the answer is “Yes” and you would like to join a leading professional firm of Chartered Accountants and Business Advisers here in North…
Grants for businesses during lockdown 3
The government announced one-off top up grants worth up to £9,000 for businesses in retail, hospitality and leisure. How does the grant work £4,000 for businesses with a rateable value of £15,000 or under £6,000 for businesses with a rateable…
Spread at least a little Christmas cheer?
Whilst the traditional office Christmas party is an unlikely occurrence this year, there is still a way to provide some Christmas cheer in a tax efficient manner – by making use of the “trivial benefits” exemption. Provided the cost is…
Third self employment income support scheme grant
The third grant for the self employment income support scheme will be available to claim from 30 November 2020, and must be claimed on or before 29 January 2021. To make a claim for the third grant your business must…
Coronavirus Job Retention Scheme (CJRS) extended to March 2021
Coronavirus job retention scheme has been extended to the end of March 2021 to help businesses through the winter. For claims between 1 November 2020 and 31 January 2021 employers will be able to claim a grant for 80% of…
