Blog

VAT Deferral Scheme deadline


The online portal for the new VAT payment scheme closes on 21 June 2021. Over half a million businesses deferred £34 billion in VAT payments due betw... Read More >>
Outlook for employment


Government continues to be optimistic about the outlook for employment. In a recent press release they said: “Furlough numbers have fallen to their ... Read More >>
The 7-year rule


If there is any Inheritance Tax to pay on gifts you make during your lifetime, it is charged at 40% on gifts given in the 3 years before you die. Gift... Read More >>
Tax Diary June/July 2021


1 June 2021 – Due date for Corporation Tax due for the year ended 31 August 2020. 19 June 2021 – PAYE and NIC deductions due for month end... Read More >>
Importing goods for the first time?


If you are new to the import process the following check list will provide you with a rough guide to what you need to do: You need an EORI number that... Read More >>
Furlough scheme ends September 2021


There are still a significant number of UK employees that are furloughed. Unfortunately, this scheme is scheduled to end 30 September 2021. Businesses... Read More >>
Prepare benefit in kind returns to HMRC


Next month, as you will see from the Tax Diary notes for July, employers that provide any form of taxable benefit to clients will need to prepare and ... Read More >>
Package holiday refunds


Package holiday companies have been instructed to respect the refund rights of holidaymakers ahead of the summer period. In a recent press release, th... Read More >>
Update on the Trade Credit Reinsurance scheme


The government and the Association of British Insurers (ABI) have announced that the temporary Trade Credit Reinsurance (TCR) scheme will close on 30 ... Read More >>
Company super-deductions and tax increases


One of the more innovative aspects of the recent March budget was the introduction of the rather grandly named super-deduction. Limited companies that... Read More >>

Switch to our mobile site