April 8, 2021
Brexit Support Fund available to SMEs
Having left the EU, a Brexit Support Fund has been set up to help SMEs overcome the new challenges associated with importing and exporting. Qualifying for the SME Brexit Support Fund In order to qualify for up to £2,000 of funding, your business must: be established in the UK, and
March 25, 2021
Employer pensions contributions and the 90-day rule
There are many important responsibilities that come with being an employer; one being to ensure that pensions contributions are paid on time. You must deduct the appropriate contributions from your employee’s salaries and pay those – alongside any employer contributions – into the relevant pension scheme or pot. However, different
March 16, 2021
Tax Day 2021; What can we expect?
Just weeks after the Chancellor’s Spring Budget, the Treasury will hold what is being dubbed ‘Tax Day’ on 23 March. A raft of consultations which relate to tax policy, but that do not impact upon Government finances, will be released together on this date. Tax Day to bring greater transparency
February 8, 2021
Kickstart Scheme evolves to benefit more employers
The Kickstart Scheme, which was launched by the Government last year, has evolved to benefit more employers. The purpose of the scheme is to give young adults, disadvantaged by the pandemic, an opportunity to ‘kickstart’ their career. Effectively, the scheme will facilitate the creation of hundreds of thousands of new
December 2, 2020
Virtual Christmas party counts towards annual function exemption
Employers may be considering how they can celebrate the upcoming festive period, since a traditional office Christmas party is out of bounds. Moving merriments ‘online’ is one way to ensure that you can all still get together, safely. An online office Christmas party on the cards? After calls for clarification,
October 20, 2020
Capital Gains Tax under review
Capital Gains Tax (CGT) often makes the headlines for the revenue it generates for HMRC. Receipts seem to reach new highs each year. CGT is levied on gains made from the disposal of assets, if the gain exceeds your annual CGT allowance. The CGT allowance for the tax year 2020-21
October 13, 2020
Beware undisclosed property income!
Undisclosed property income has long been on HMRC’s radar and its data sharing system has made it easier to pursue those taxpayers at fault. Last month, Reuters reported on an investigation into the UK arm of Airbnb, conducted by HMRC, during which Airbnb stated that it would share details of