March 2021 – Tax Card Data 2021/2022

Please click HERE to access your 2021/2022 Pocket Guide Tax Data which summarises the main tax rates and allowances for the current year ...
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March 2020 – Three Days to Save Your SEISS

Taxpayers could be prevented from making further SEISS claims and may face an enquiry if they don't respond to HMRC's email by 22 March. The HMRC sent an email directly to established self-employed traders on 26 February 2021, asking them to prove that they are ...
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March 2021 – New Recovery Loan Scheme Available in April

A new loan scheme to support access to finance for UK business as they grow and recover from the disruption of the COVID-19 pandemic. The Recovery Loan Scheme ensures businesses of any size can continue to access loans and other kinds of finance up to ...
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March 2021 – Pay Increase for Millions From April 2021

Millions of UK workers to receive increase in pay from April 2021 following rise in the National Minimum Wage and National Living Wage. The National Living Wage will increase by 2.2 per cent from £8.72 to £8.91, and will be extended to 23 and 24 ...
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March 2021 – The 2021 Budget Summary

Budget 2021 – Key points Chancellor Rishi Sunak announced the contents of his Budget this week. Setting out the government's tax and spending plans for the year ahead, he announced new measures to help business and jobs through the pandemic and to support the UK's ...
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March 2021 – Excited About Electrics

Excited about electrics The taxable benefit for having an electric company car is currently nil, but from 6 April 2021 the taxable benefit will increase to 1% of list price, and to 2% for 2022/23. Where a business buys a new electric car, it can ...
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March 2021 – Prepare for Off-Payroll Working

Prepare for off-payroll working If you provide your personal services through your own company, the way you are taxed may change for contracts performed for large organisations from 6 April 2021, due to the off-payroll working rules. Where your final customer is not small, it ...
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Feb 2021 – Joining the New VAT Deferral Scheme

If you want to join the new scheme... The VAT deferral new payment scheme will be open from 23 February up to and including 21 June 2021. If you’re on the VAT Annual Accounting Scheme or the VAT Payment on Account Scheme, you’ll be invited to join the ...
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Feb 2021 – Postponed VAT Accounting

Check when you can account for import VAT on your VAT Return If your business is registered for VAT in the UK, find out when you can, or need to, account for import VAT on your VAT Return (also called postponed VAT accounting). Accounting for ...
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Feb 2021 – VAT Reverse Charge for Construction

On the 1st March this year, the UK VAT ‘reverse charge’ will apply to VAT-registered businesses in the Construction Industry Scheme (CIS). It applies to the following building and construction services at either standard or reduced rate VAT: • construction, alteration, repair, extension, demolition, or ...
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Feb 2021 – Changes from Exiting the EU

Brace for more change as there are changes from exiting the EU. The UK is now treated as a third country in relation to the EU, which means the VAT rules on imports and exports have changed for all goods (of any value) crossing the ...
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Feb 2021 – VAT on Goods Crossing Borders

VAT on goods crossing borders The UK is no longer treated as an EU country since the Brexit transition period ended on 31 December 2020. This has some significant implications for VAT and duties on international transactions. All imports of goods into Great Britain (different ...
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