News

British science projects hit by Brexit row with EU
27 May 2022

British leadership in prestigious European research projects have been hit by the continuing row over the Northern Ireland Protocol and trade border with the UK. As a result, the EU is preventing British scientists from joining the €95 billion (£80 billion) Horizon Europe research funding programme.
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Make sure you are making the correct PAYE payments to HMRC
23 May 2022

HM Revenue & Customs (HMRC) is issuing fresh warnings to employers to ensure their payment reference numbers are correct so that payments are recognised. Each payment reference number relates to a specific employer and covers a particular accounting period.
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Could Government-backed business loans become permanent?
23 May 2022

Throughout the pandemic and into the current recovery period, the Government has offered a number of loans to help businesses survive and invest for their future. However, only the Recovery Loan Scheme remains open, and this is due to end on 30 June, with no replacement taking its place.
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Working from home tax relief continues, but fewer employees likely to be eligible this year
23 May 2022

HM Revenue & Customs (HMRC) has retained its online portal for claiming working from home tax relief for the 2022/23 tax year. But, while the rules and value of the relief remain unchanged, unless there are any further lockdowns this year far fewer people are likely to be able to claim.
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Our top tips for hiring your first employee
23 May 2022

There has been a surge in new company formations in the last few years, as entrepreneurs develop new and exciting business ideas and bring them to market. On top of this, there are a growing number of workers with ‘side hustles’, who are quickly scaling up their operations to deal with demand from their customers and clients.
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Revenue updates guidance on tipping apps
23 May 2022

When HM Revenue & Customs’ (HMRC’s) current guidance on the tax treatment of tips and troncs was first published back in 2014, tips and troncs were paid almost exclusively in cash or through card transactions.
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Expansion of the Trust Registration Service – What you need to know
23 May 2022

From 1 September, changes to the rules regarding the Trust Registration Service (TRS) mean that more trusts will need to be registered with HM Revenue & Customs. The TRS was introduced five years ago to make the beneficial ownership of assets held in trust more transparent.
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Post-Brexit row over Northern Ireland sparks trade war fear
19 May 2022

The UK Government has announced it will introduce a new law to change the post-Brexit trade deal for Northern Ireland, known as the Northern Ireland Protocol. Foreign Secretary Liz Truss insisted the bill would be legal under international law, but the EU has warned it could trigger a trade war and will pursue a legal...
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Recovery in exports, but uncertain outlook for post-Brexit UK, says survey
10 May 2022

A recovery in UK exports reported in February by The Office of National Statistics (ONS) has been short-lived, according to a new survey. It comes as figures from Germany suggest post-Brexit trade between the two countries has dropped sharply.
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Ports consider legal action after border controls delayed again
05 May 2022

Further delays on border controls at UK ports caused by Brexit have led to some of the country’s biggest ports threatening to sue the Government. According to the Guardian newspaper, they are considering legal action to recover the costs of building border control posts they fear will never be used...
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