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Following previous announcements on the support available to businesses in the wake of the COVID-19 global pandemic, chancellor Rishi Sunak yesterday announced a package of financial support for self-employed people impacted by coronavirus. What financial support is available to self-employed […]
Read MoreIn light of the coronavirus pandemic, HMRC has confirmed that companies will not be required to make VAT payments for three months from 20 March 2020 to 30 June 2020. Who is eligible for coronavirus VAT payments suspension? This change […]
Read MoreThe UK’s new Chancellor, Rishi Sunak, finally delivered the Government’s delayed Budget for 2020 on March 11th. As you will undoubtedly already be aware, it was dominated by increased spending and temporary measures designed to support the NHS and businesses […]
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The Government is introducing changes to the existing company car benefits to include extra tax incentives for electric and low emission vehicles as part of its ambitious plans to lower emissions in the UK. The measures form part of its […]
Read MoreHMRC has announced that almost one million people missed the January 31st self assessment tax return deadline this year. But don’t worry – help is at hand if you were one of those who missed the deadline and still need […]
Read MoreHMRC has advised that the announcement of the 2020/21 tax allowances and personal tax rates will be delayed until after the Government reveals its Budget in March. These rates are normally confirmed several months before the start of the tax […]
Read MoreLast updated: July 17th 2024 The HMRC rules on whether a company vehicle is a car or van is a notoriously grey area. We’ve written previously about the classification issues that can arise with double-cab pick-ups and kombi vans and […]
Read MoreWorking out the most tax-efficient salary to pay your company directors should be key consideration for business owners. In our guide to the optimum directors’ salary 2019/20, we’ve broken down the things you need to consider when calculating how much […]
Read MoreWhen will I get my tax rebate for 2019/20? Paying too much tax can be frustrating, especially as it can take some time to get your tax rebate. Here’s a guide to when you can expect to get your tax […]
Read MoreFrom April 2020, HMRC is introducing changes to off-payroll working. Known as IR35, this is already a notoriously complicated piece of legislation. Get your head round the new rules with our guide to the changes to IR35. What are […]
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