MTD (Making Tax Digital) Delayed
The quarterly digital reporting for landlords and the self-employed was due to start in 2023, but it will be pushed back by 12 months, the second delay to the digitisation programme. ‘The government recognises the challenges faced by many UK businesses and their representatives as the country emerges from the pandemic over the last year.…
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Social Care Levy
From next April the government will create a UK-wide, 1.25% health and social care levy on earned income, hypothecated in law to health and social care, with dividends rates increasing by the same amount. There will also be changes to the amount of savings people can retain when facing a move into care costs and…
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Furlough Update
The CJRS is due to end on 30 September 2021. For claims relating to August and September 2021, the government will pay 60% of wages up to a maximum cap of £1,875 for the hours the employee is on furlough.Claims for September must be submitted by 14 October 2021 and any amendments must be made…
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The importance of Wills
If the last year and a half has taught us anything, it is that life is unpredictable. And there is no better time than now to get your affairs in order. Whilst sorting out your Will might be left on your longer term ‘to do’ list, it should not be avoided or delayed – especially…
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September 2021 Newsletter
SEPTEMBER IS THE LAST MONTH FOR CJRS “FURLOUGH” GRANTS The Government are pulling the plug on support to employers for furloughed staff at the end of September as they anticipate that the economy will be back to normal by October. The grant claims for employees furloughed in the month of September are 60% of the…
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August Update
Strategic challenges in the new normal As we move towards a post-pandemic recovery and the economy begins to stabilise in the next few months, businesses face new challenges and will have to adapt to a new normal. Supply chain issues Supply chains were disrupted as producers and manufacturers shut down during the pandemic. Some businesses…
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Fifth SEISS Grant is Open
HMRC has confirmed that applications for the fifth grant for Self Employment Income Support Scheme is now open for online submissions The fifth grant can be claimed if you think that your business profit will be impacted by coronavirus between 1 May 2021 and 30 September 2021. The scheme closes on 30 September. The application…
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Mobile Employees
For income tax, the basic principles from which to start are that an individual who is resident in a country will generally be taxed in that country on their worldwide income, but regardless of residence, an individual who is physically present and working in a country will be liable to tax in that country on…
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Remote Recruitment
We have had three national lockdowns, various restrictions remain in place, and many forced to work from home for the majority of last year, the workplace has changed dramatically ‘Work’ as we once knew it has become more and more digital, as organisations adopt an increasingly hybrid approach. As a result, recruiters have had to…
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Electric Car Charging
A supply of electricity is charged at the standard rate of VAT, other than a supply for domestic use, which is charged at the reduced rate of 5%, and low-level usage in other settings which is ‘deemed’ domestic use, also 5%. Supplies of electricity from charging points, although small amounts, do not meet the conditions…
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