News

UKCA marking deadline extended by one year following coronavirus disruption
27 August 2021

Businesses have been given an extra year to apply new product safety markings for most products placed on the market in England, Scotland and Wales, it has been announced. The UK Conformity Assessed (UKCA) marking regime will replace the product safety labelling system previously used while a member of the European Union.
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Beware of exceeding your pension pot allowance
24 August 2021

Thousands of people who put money into their pension each year are inadvertently failing to declare pension tax charges, according to HM Revenue & Customs (HMRC). This can lead to an unexpected and costly tax bill. Most taxpayers can save up to £40,000 in pension contributions tax-free each tax year...
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Draft legislation published for next Finance Bill
24 August 2021

Taxation and other measures to be included in the Finance Bill for 2021-22 have now been announced. The draft legislation largely covers pre-announced policy changes, along with accompanying explanatory notes, tax information and impact notes, as well as responses to consultations and other supporting documents.
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Super-deduction gives businesses confidence to grow
24 August 2021

As the UK economy gets back to full speed and confidence grows amongst small businesses, the impact of the ‘super-deduction’ and the ‘special rate allowance (SRA)’ should encourage even stronger growth. According to HM Revenue & Customs (HMRC), the super-deduction will give companies a strong incentive...
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Taxman says help available as debt collection resumes
24 August 2021

HM Revenue & Customs (HMRC) has warned that debt collection will resume as the UK emerges from the pandemic and it will be contacting taxpayers who have fallen behind with their taxes. HMRC says it will take an understanding and supportive approach to dealing with those who have tax debts or are concerned...
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SMEs optimistic and frustrated as economy set to thrive
24 August 2021

With predictions that the UK economy is set to grow at its fastest pace in 80 years and could recover to its pre-pandemic size by the end of this year, SME owners are feeling more optimistic and are keen to invest in growth.
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HMRC auto-correcting 2020-21 SEISS tax returns
24 August 2021

Where grants claimed under the self-employment income support scheme (SEISS) do not correspond with records held by HM Revenue & Customs (HMRC), it will auto-correct 2020-21 tax returns and issue a new SA302 calculation to both taxpayer and acting agent.
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Government to launch new animal welfare standards following EU departure
20 August 2021

New legislation will protect the welfare of farm animals being transported across England and Wales, the Government has announced.
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How can I prepare to use the Customs Declaration Service?
12 August 2021

It was announced earlier this month that the Customs Declaration Service (CDS) will serve as the UK’s “single customs platform” from 31 March 2023.
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Travelling to Europe? This is what business travellers need to know
06 August 2021

While the Coronavirus pandemic continues to disrupt business travel around the world, there is still confusion as to how Brexit affects business travel in and around Europe. If you are travelling to the European Union for business, here are the key rules you need to know about.
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