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I hope you are well and that your business is recovering from the effects of the pandemic. It still seems that the have a way to go to bring COVID-19 fully under control and that we may be moving towards more restrictions in the near future.With this in mind, I…
On 27th October 2021, the Chancellor delivered his third Budget in conjunction with the Public Spending Review. National Living Wage Increased to £9.50 per hour An increase in the hourly rate for the National Living Wage (NLW) which was greater than inflation for those aged 23 or over, to £9.50…
The HMRC guidance has been recently updated to reflect the fact that employees can no longer be furloughed using the Coronavirus Job Retention Scheme. The scheme ended on 30 September 2021. If any of your employees are working from home due to Coronavirus (COVID-19), either because your workplace has closed,…
Here’s some of the key Accounting and Tax dates for 2022: DATEEVENT31st January 2022 Deadline for filing and paying Self-Assessment Tax Returns for tax year ending 5th April 2021, avoiding interest on overdue payments Deadline for filing 2020/21 Capital Gains Tax (CGT)Balancing payment of tax due for 2019-20 First payment…
Having listened to stakeholder feedback from businesses and the accounting profession, the Government have announced that they will introduce Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) a year later than planned, in the tax year beginning in April 2024. This will give the self-employed and buy to let…
Are you required by law or regulations to have your financial statements independently audited? Our Audit Team are experts in developing note based and cost-effective audit plans. We are not city centre based and can offer the best value audits for your business. #MoreThanJustNumbers #AccountingForTheFuture External Audits For more information,…
The guidance has been updated with the CJRS end date and information on when claims for September must be submitted. The CJRS has been extended until 30 September 2021. From 1 August 2021, the Government will pay 60% of wages up to a maximum cap of £1,875 for the hours…
HMRC have recently updated their guidance on accounting for VAT on goods imported from outside the UK which, since Brexit, includes the European Union. Businesses registered for VAT in the UK can account for import VAT on their VAT Return for goods imported into: Great Britain (England, Scotland and Wales)…
HMRC have updated their guidance on claiming relief for company trading losses to take account of the extended carry back announced in the Spring Budget and now legislated in the Finance Act 2021. The guidance sets out the details required by HMRC where a company is making a claim for…
We’ve been made aware by some clients that they have received an e-mail which looks as though it’s from HMRC with ‘IMPORTANT APPLICATION’ – You’re eligible for the fourth and fifth grants’ in the Subject field – A screen grab of this e-mail is featured here. The e-mail has a…