By Tom Maxwell In Advice, Blog, NewsPosted 27/07/2020 COVID-19 Update – 27 July – Deadline approaches for reporting CGT on UK residential property To avoid a penalty, you must report and pay any Capital Gains Tax on disposals of UK residential property within the new rules by 31 July. The new requirement to report and pay capital gains tax [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 22/07/2020 COVID-19 Update – 22 July – Capital Gains Tax and Making Tax Digital Capital Gains Tax Under Review The Chancellor has asked the Office of Tax Simplification (OTS) to carry out a review of CGT to identify simplification opportunities. Inevitably, as the cost of [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 15/07/2020 COVID-19 Update – 15 July – Warning of increase in tax-related telephone scams With July income tax payments on account coming up (but deferrable) and with reference to deferred business taxes and furlough claims etc, it is worth reiterating the need for vigilance against [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 14/07/2020 COVID-19 update – 14 July – VAT reductions The government have released more information on the temporary VAT reductions and here is what we know. The temporary 5% reduced rate will apply to certain supplies relating to hospitality, hotel [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 13/07/2020 COVID-19 Update 13 July – Bounce back loans and Furlough error amnesty Bounce Back Loans The ease of application and minimal checks for the Bounce Back Loan (BBL) along with the understanding that sanctions for ‘wrongful trading’ have been suspended temporarily, has [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 09/07/2020 COVID-19 Update – 9 July – Eat out to help out The scheme itself is to run all day, every Monday, Tuesday and Wednesday from 3rd to 31st August in eligible, registered establishments. It will offer a 50% discount up to a maximum of £10 per [...] 0 Read More
By Tom Maxwell In Advice, Blog, News, Treasury UpdatesPosted 09/07/2020 Summer Economic Update: Full Summary Chancellor Rishi Sunak presented the Summer Economic Update against a backdrop of economic uncertainty caused by COVID-19 lockdown. Our summary provides an overview of the key announcements [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 08/07/2020 Summer economic update! Exceptional times call for exceptional measures: It is back to work and eat out to help out! In many ways, the Summer statement was more exciting than many budgets. It was the sort of give-away that is normally expected from a budget running up to an election. Inevitably, there are going [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 07/07/2020 COVID-19 Update- 7 July – £10 million for small businesses to kickstart tourism The Government have confirmed £10m of new funding and will accelerate the delivery of over £50m for shovel-ready infrastructure projects over the coming months to boost tourism in England. The [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 07/07/2020 COVID-19 Update – 7 July – Filing Deadlines New regulations have come into force which extend the filing deadlines at Companies House Affected filings include: accounts confirmation statement event-driven filings (changes to your company) [...] 0 Read More