By Tom Maxwell In Advice, Blog, NewsPosted 10/12/2020 UK VAT after the Brexit transitional period We have set out below a summary of how the existing UK VAT rules are likely to change after the end of the transition period. Please note that this is the situation as at 3 December 2020 and may [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 09/12/2020 COVID-19 Update – 9 December – Delays to CJRS claims HMRC will not be suspending activation codes for PAYE services in the latest phase of the CJRS but has confirmed that reasonable excuse provisions may apply if a claim is delayed pending receipt [...] 0 Read More
By Tom Maxwell In Advice, Blog, News, PayrollPosted 08/12/2020 New National Minimum & Living Wage rates The government supported the Low Pay Commissions recommendations around National Minimum and Living wage and as such announced the National Living Wage will increase by 2.2% to £8.91 an hour from [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 07/12/2020 COVID-19 Update – 07 December – VAT deferred by businesses Further information has been published by HMRC about the process for repaying deferred VAT by businesses in the first lockdown. Businesses will have the opportunity to enter a scheme where they [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 01/12/2020 COVID-19 Update – 1 December – 3rd SEISS claim now open The portal for the Self-Employment Income Support Scheme opens in phases over this week allowing taxpayers to apply for the third grant. As previously highlighted the conditions for this grant [...] 0 Read More
By Tom Maxwell In Advice, News, Tax TipsPosted 01/12/2020 Change in Advisory Fuel Rates from 1 December 2020 HMRC has changed the advisory fuel rates for company cars with effect from 1 December 2020, but for one month from the date of change, employers may use either the previous or new current rates, [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 30/11/2020 Introduction of changes to protect your tax in insolvency Overview of measure From 1 December 2020, when a business enters insolvency, more of the taxes paid in good faith by its employees and customers, and temporarily held by the business, will go to [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 30/11/2020 COVID-19 Update – 30 November – Publishing CJRS claim detail Employers who claim CJRS for periods starting on or after 1 December 2020 need to be aware HMRC will publish information about these claims as part of their commitment to transparency and to [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 30/11/2020 Phish Food for Thought In a story that shouldn’t surprise anyone any more, we should be reminded how important it is to stress the need for vigilance with regard to cybersecurity amongst our workplaces and family, [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 30/11/2020 Are you planning a virtual Christmas party? As we prepare to exit full lockdown to enjoy the freedom of local restrictions, here’s a little something from HMRC for day 1 of your virtual advent calendar. Annual function exemption UK [...] 0 Read More