News
Access to European Union VAT refund system to end on 31 March 2021, HMRC confirms
27 November 2020
HM Revenue & Customs (HMRC) has confirmed that access to the European Union VAT refund system for expenses incurred before 01 January 2021 will cease on 31 March 2021.
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Brexit: How to claim grant funding to help cover the costs of completing new customs declarations
27 November 2020
If you are a business who imports or exports products overseas, you may be entitled to grant funding to cover the cost of recruiting, training and adapting your business to the new demands of global trade.
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Companies House to scrap paper reminder letters
26 November 2020
Companies House has announced that businesses will no longer receive reminder letters, as it seeks to end paper communications.
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Third round of Self-Employment Income Support Scheme (SEISS) opens on Monday with tighter eligibility criteria
26 November 2020
The third round of the Self-Employment Income Support Scheme (SEISS) will open on Monday 30 November 2020 with tighter eligibility criteria than have applied to the previous two rounds of the scheme.
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Important deadlines approach for the furlough scheme
26 November 2020
Businesses across the UK are being reminded of key deadlines and actions for the Coronavirus Job Retention Scheme (CJRS), which are just days away.
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Spending Review highlights long-term economic impact of Coronavirus pandemic
26 November 2020
The Chancellor’s statement to Parliament setting out his Spending Review decisions came against a backdrop of predictions from the Office for Budget Responsibility (OBR), which indicated that the UK economy will shrink by 11.3 per cent this year – the largest fall in output for 300 years.
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The New COVID-19 Tier System
25 November 2020
When the national temporary lockdown ends in England on 2 December 2020, the country will enter a new tougher, tiered local system of restrictions.
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IFS predicts tax rises of more than £40 billion a year by the middle of the decade
19 November 2020
The Institute for Fiscal Studies (IFS) has predicted that taxes will need to rise by more than £40 billion a year by the middle of the decade to prevent Government debt from growing out of control. The widely-respected think tank issued the warning following the news that the Government’s Coronavirus response has cost more than...
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More than 50,000 people claim working from home tax relief through HM Revenue & Customs online portal
19 November 2020
HM Revenue & Customs (HMRC) has received more than 50,000 claims for tax relief for working from home since opening a new online portal on 1 October. Since the start of the current tax year on 6 April 2020, employers have been permitted to pay employees up to £6 a week in respect of the additional costs of working from home.
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HMRC called on to simplify the administration of tax reliefs
19 November 2020
The Office of Tax Simplification (OTS) is calling on HM Revenue & Customs (HMRC) to simplify the process of applying for tax reliefs so that fewer taxpayers miss out. In total, the UK has 1,190 tax reliefs, that each require taxpayers to claim or make an election to benefit from them. The OTS in its report has considered the...
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Case Studies
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A modern approach required for music moguls
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Sometimes a business does exactly as it says on the tin
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Smiles all round for dental practice
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Taxing demands with old school charm
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Customer care is top of the list for packaging business
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A taste for growth, a thirst for knowledge
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Cut above the rest in personal management style
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Child's play with proactive accounts management
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A shared passion for architecture and a head for numbers