Extension of Government funding schemes

Extension of Government funding schemes

Government funding became a lifeline for many business-owners during COVID-19. However, even beyond times of economic crises, Government schemes and funding initiatives remain an important source of support for SMEs and growing businesses. In recent weeks, HM Revenue & Customs

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Capital Gains: Separation and transfer of assets

Capital Gains: Separation and transfer of assets

For separating or divorcing spouses, HM Revenue & Customs (HMRC) has announced important changes to Capital Gains Tax rules relating to transfer of assets. Currently, assets transferred between cohabiting spouses and civil partners are subject to “no gain or no

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Companies House to change filing requirements for small businesses

Companies House to change filing requirements for small businesses

The Department for Business, Energy & Industrial Strategy (BEIS) has published a whitepaper detailing its response to consultations on Companies House reform. We know the service to be flexible and accessible, as it enables many entrepreneurs, every day, to incorporate

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Statutory Sick Pay Rebate Scheme set to close

Statutory Sick Pay Rebate Scheme set to close

HM Revenue & Customs (HMRC) has confirmed that the Statutory Sick Pay (SSP) Rebate Scheme will terminate on 17 March 2022. The original scheme was launched in May 2020 and closed in September 2021. The scheme enabled small and medium-sized

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Holiday lets: new rules to close tax loophole

Holiday lets: new rules to close tax loophole

The Government has announced the forthcoming introduction of new rules to prevent abuse of a ‘tax loophole’ associated with holiday lets. What is a holiday let? Holiday lets are properties let out, short-term, for the sole purpose of ‘holidaying’. Typically

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High Income Child Benefit Charge – are you liable?

High Income Child Benefit Charge – are you liable?

The High Income Child Benefit Charge (HICBC) appears to be hitting headlines again recently, and so we thought it a topic worth revisiting. The regime is coming under fire for failing to keep up with the times and effectively serve

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IHT reporting requirements – What’s changed?

IHT reporting requirements – What’s changed?

On 1 January 2022, changes to Inheritance Tax (IHT) reporting requirements came into force via The Inheritance Tax (Delivery of Accounts) (Excepted Estates) (Amendment) Regulations 2021. The changes themselves are fairly technical in nature. To go into too much detail

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