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Vehicle MOT dates

The government has announced that mandatory MOT tests for car, motorcycle and van owners in
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Reporting Capital Gains on residential property

The Capital Gains Tax (CGT) reporting and payment date for UK residents that sell a residential
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Financial help for debt advisers

The government has announced that an extra £37.8 million will be made available to support
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Government support for pubs, cafes and restaurants

The government has confirmed a further easing of lockdown as pubs, cafes, restaurants, hotels,
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Updated HM Treasury instructions re: CJRS

On 26 June 2020, the Chancellor, Rishi Sunak made a further (third) Treasury Direction under
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Identifying clients in need of help

Most of us fire-fight on a daily basis. We face distractions from multiple directions and basically
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Depreciation

Literally, the word depreciation means a reduction in the value of an asset over time. It
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What are debits and credits?

You may have come across the terms debit and credit and perhaps wondered exactly what do they
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Shielding measures to be relaxed in England from 1 August 2020

From 1 August 2020 onwards, it is intended that the shielding programme will be
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Tax Diary July/August 2020

1 July 2020 - Due date for Corporation Tax due for the year ended 30 September 2019. 6 July 2020 -
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Why footfall is important

All businesses have customers, According to HMRC, even they have customers… Sales are the
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Option to defer VAT payments ends 30 June 2020

The option to defer your VAT payments ends on 30 June 2020. The Coronavirus VAT payment holiday
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Drawings, profits and tax

If you are self-employed – this article does not apply to the directors and shareholders of
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SEISS extended to new parents

The government has announced that the scope of the Self-employment Income Support Scheme (SEISS)
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Self-employed – setting off losses

There are a number of tax reliefs available for self-employed taxpayers that make a loss carrying
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Corporation Tax – carrying back losses

Corporation Tax relief may be available where a company or organisation makes a trading loss. The
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No extension to Brexit Withdrawal Agreement

The UK has confirmed that it will neither accept nor seek any extension to the Brexit transition
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Parents returning to work after maternity/paternity leave

The Coronavirus Job Retention Scheme (CJRS) also known as the furlough scheme has been extended
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Sick-pay if self-isolating

If you are an employee, you must tell your employer as soon as possible if you are showing signs of
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Employee car ownership schemes

An Employee Car Ownership Scheme (ECOS) is a set of arrangements whereby employees acquire cars
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Reimbursing expenses for home office equipment

HMRC has updated its guide for employers who have employees working from home due to the COVID-19
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Apply for NIC Childcare Credits

National Insurance credits can help qualifying applicants to fill gaps in their National Insurance
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Further support for charities from VAT receipts

It has been revealed by HM Treasury that the VAT collected on donated personal protective equipment
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Additional funding for charities and social enterprise

The government's dormant assets scheme allows money in accounts that have been dormant for at
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Guidance for employers on workplace testing

The Information Commissioner’s Office (ICO) has published guidance for employers on workplace
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Working safely during coronavirus

The government has produced guidance to help employers, employees and the self-employed in England
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Coronavirus – new family-related statutory payments regulations

The Maternity Allowance, Statutory Maternity Pay, Statutory Paternity Pay, Statutory Adoption Pay,
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Tax Diary May/June 2020

1 May 2020 - Due date for Corporation Tax due for the year ended 30 July 2019. 19 May 2020 - PAYE
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Job Retention Scheme – Warning for Directors

HMRC have confirmed that limited company Directors can be furloughed as they are an employee on PAYE. While on furlough, the Director can perform statutory duties to maintain the daily upkeep of the business, including legal filings and record keeping, eg. preparing VAT returns, preparing annual accounts and updating general records. The Director CANNOT be...
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Tax Diary April/May 2020

1 April 2020 - Due date for Corporation Tax due for the year ended 30 June 2019. 19 April 2020 -
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National Minimum Wage compliance in relation to pay advances and loans

The government has issued a bulletin providing advice for employers regarding compliance with the
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Covid-19: Self Employed Announcement

COVID 19: Self Employed Announcement – guidance has now been released The scheme will be open to those with a trading profit of less than £50,000 in 2018-19 or an average trading profit of less than £50,000 from 2016-17, 2017-18 and 2018-19. To qualify, more than half of their income in these periods must come...
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Acas publishes updated coronavirus resources

Acas has published updated guidance for employers and employees on the coronavirus (COVID-19). The
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Coronavirus: government launches online “isolation notes” service

Employees who are unable to work for more than seven days because of coronavirus (COVID-19) can now
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Acas publishes updated coronavirus resources

Acas has published updated guidance for employers and employees on the coronavirus (COVID-19). The
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Coronavirus: government launches online “isolation notes” service

Employees who are unable to work for more than seven days because of coronavirus (COVID-19) can now
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Covid-19 and the Self Employed

COVID 19 update BBC News are reporting that the announcement to help the self-employed will be broadcast and passed tomorrow (26/03/2020). The government have said it is a lot harder to make sure the self-employed are getting the right help, as opposed to employed. Reports state that the awards will be as we mentioned earlier...
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Sick pay if you are unable to work

The government has announced a number of funding and support measures to help those affected by the
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Companies House deadlines and Coronavirus

There are automatic late filing penalties which are designed to encourage companies to file their
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Sick pay if you are unable to work

The government has announced a number of funding and support measures to help those affected by the
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Companies House deadlines and Coronavirus

There are automatic late filing penalties which are designed to encourage companies to file their
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Television licence fees for over-75s

In a joint statement from the BBC and the Department for Digital, Culture, Media & Sport it has
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Rates Grant Updates

👇🏼 COVID-19 UPDATE 👇🏼 If your rateable value is under £51k, and even if you don’t pay rates, but are listed as the rates payer, then the local authority will issue the Rates Grant in early April and there is no need to apply. With regards to the staff pay, if your staff are unable...
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Covid-19: Self-Employed and Freelancers

COVID 19 update Whilst it has not been announced yet, and details have not yet emerged, a parliamentary document has been made available giving rise to what they are planning for the self-employed and freelancers (definition of freelancers not mentioned). The secretary of state must by regulations introduce a scheme of statutory self-employment pay: The...
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Covid-19: Closure of Public Spaces

COVID 19 Update: The Closure of Public Spaces The government have shown an intention to deal with Corona Virus within 3 months. With this, they have taken the following steps as of 12pm tonight – Shutting pubs, clubs, cafes, restaurants, gyms, leisure centres and shops was mentioned Takeaway services are to stay open They are...
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Update on proposed coronavirus-related SSP changes

Firstly, the Statutory Sick Pay (General) (Coronavirus Amendment) Regulations 2020 have amended the
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Covid-19: Business Grants

👇🏼 Covid-19: Business grant update 👇🏼 This is the updated guidance of when businesses will receive the rates grant and how: 💸There will be a £10,000 cash grant to our smallest businesses, delivered by local authorities. 💸Small businesses that pay little or no business rates and are eligible for small business rate relief (SBBR), or...
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Covid-19: IR35 off-payroll

💰 Covid:19 and TAX UPDATE 💰 IR35 off-payroll working has been delayed for a year due to the Corona Virus. This will give contractors a further year to work through their own Ltd companies and plan for the new rules on 6th April 2021. If you need any help or advice, please contact us, our...
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Covid-19: Guaranteed Loans to Businesses

Covid-19 Update: Business Loans Today, the Government has announced they will offer guaranteed loans to businesses on attractive terms to the tune of £330bn and this could well be increased. No interest will be payable for the first 6 months of the loan on amounts up to £5m. With regards to the hospitality industry, businesses...
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Introducing R&D Tax

The R&D Tax Scheme can be transformational for companies of any size, enabling them to reclaim as much as one third of their R&D spend through the company tax return. This can unlock hidden value in your business which makes a professional assessment invaluable. Not seeking advice on R&D Tax from a specialist can mean...
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Covid-19: Tax Helpline

Covid-19 Updates: Tax Helpline As announced in the 2020 Budget, HMRC have opened a new helpline to support businesses concerned about paying their tax due to coronavirus (COVID-19). The helpline can be accessed on 0800 0159 559. Tax Helpline
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Guidance for employers and businesses on the coronavirus

Public Health England has published new guidance specifically for employers and businesses on the
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Off-payroll working rules

The government has now published its response to the review into the implementation of changes to
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Help to Save scheme

The Help to Save scheme can assist those on low incomes to boost their savings. The scheme was
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Tax scheme promoter defeated

The First-Tier Tribunal (FTT) has recently published its decision in a long running case that
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Residential property sales from April 2020

We have included updates in our newsfeed earlier this year that sales of residential property
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Coronavirus advice

Acas has published new guidance for employers and employees on the coronavirus. The guidance
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New £20 note launched

The new £20 note entered into circulation on 20 February 2020 and features the image of the
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VAT-free shopping

There is a special VAT refund scheme called the VAT Retail Export Scheme or Tax-Free Shopping that
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10% reduction in Inheritance Tax rate

If your total assets exceed £325,000 then the excess will usually be subject to Inheritance
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Last chance for pensions relief?

There has been much press speculation that the Government is considering cutting higher rate tax
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Tax Diary March/April 2020

1 March 2020 - Due date for Corporation Tax due for the year ended 31 May 2019. 2 March 2020
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Change to the off-payroll working rules

As part of a review into changes to the operation of the off-payroll working rules (IR35), HMRC has
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Employer toolkit for EU Settlement Scheme published

Following Brexit, the government has published an updated toolkit for employers on how to support
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Tax if you return to the UK

There are tax implications that you will need to consider if you previously left the UK to live
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Budget date re-confirmed

After a tumultuous few days in politics, it has been confirmed by the new Chancellor of the
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Could you claim the marriage allowance?

If you are entitled to the marriage allowance and have not yet applied, you could receive a payment
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Review occupancy for Holiday Lets owners

The furnished holiday let (FHL) rules allow holiday lettings of properties that meet certain
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Checking your NIC records

HMRC offers an online service to check your National Insurance Contributions (NIC) record online.
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Still time to utilise annual tax-free allowance

We would like to remind our readers that there is still time to use the annual exemption for
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Scottish Income Tax rates announced 2020-21

Public finance minister Kate Forbes delivered her first Budget statement to the Scottish Parliament
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Breathing space to help those in debt

HM Treasury has confirmed that the new 'breathing space' scheme to help those with problem
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Draft regulations to increase the National Minimum Wage published

The draft National Minimum Wage (Amendment) Regulations 2020 have been laid before Parliament and
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Statutory payment rates 2020/21 confirmed

Following the government policy paper published in January 2020, announcing the proposed new rates
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Farm payments during the transition period

The Chancellor recently announced that the level of funding for direct payments for farmers would
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Changes to NIC from April 2020

The Chancellor, Sajid Javid, has confirmed that a Conservative manifesto promise to increase the
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Still time to plan for tax year 2019-20

As the deadline for submitting your 2018-19 tax return has passed, now is a good time to focus on
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Tax Diary February/March 2020

1 February 2020 - Due date for Corporation Tax payable for the year ended 30 April 2019. 19
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Importing from EU after 31 January 2020

HMRC has published a useful list to help businesses be prepared to import goods from the EU to the
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Brexit coin issued

The Government has announced that a new 50 pence coin entered into circulation on 31 January to
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Reminder to keep company records

A recent County Court case serves as an important reminder to comply with the requirements to
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New tax deadline for property sales

The 6 April 2020 will see a seismic change in the deadline for UK residents that sell a residential
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New guidance on sexual harassment and harassment at work

The Equality and Human Rights Commission (EHRC) has published new technical guidance on sexual
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HMRC publish strange late filing excuses?

A recent press release by HMRC has revealed some of the oddest excuses for submitting a late tax
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Ways that HMRC can collect overdue tax

If you are unable to pay your tax bill or need time to pay then it is in your best interests to
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Disclosing VAT errors

Where an error on a past VAT return is uncovered, you have a duty to correct the error as soon as
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Don’t be taken in by this scam

The Insolvency Service has warned that fraudsters have been contacting investors in insolvent
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Statutory maternity, adoption, paternity, shared parental and sick pay to rise from April 2020

According to proposals set out in a government policy paper, the revised rates for statutory
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Money laundering and terrorist financing

The money laundering rules are designed to protect the UK financial system and put in place certain
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Public transport costs and tax

There are certain tax rules that it is important to consider if you pay for the public transport
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On your bike – tax free cycling

There are special rules involving bicycles for work use, usually referred to as 'Cycle to
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Tax allowances you can claim for business cars

Capital Allowances allow your business to secure tax relief for certain capital expenditure.
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Budget date announced

The Chancellor of the Exchequer, Sajid Javid has announced that he is planning to hold his first
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Carry forward unused pension tax allowance

The annual allowance for tax relief on pensions is currently set at £40,000. The annual
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Don’t forget to pay tax on or before 31 January 2020

The 31 January 2020 is not just the final date for submission of your Self-Assessment tax return
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Last reminder for parents with income in excess of £50,000

Parents could be liable for the High Income Child Benefit tax charge if either partner's income
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Did you file your tax return on Christmas Day?

A new press release by HMRC has highlighted the fact that 3,003 taxpayers took the time to file
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Tax Diary January/February 2020

1 January 2020 - Due date for Corporation Tax due for the year ended 31 March 2019. 19 January
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Annual increases to the National Minimum Wage

The government has accepted the recommendations of the Low Pay Commission in full and has announced
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