Latest News
Business rates relief boosted with new £1.5 billion pot
Business ratepayers adversely affected by COVID-19 are to get a £1.5 billion discount on their bills. new Business Rates relief fund of £1.5 billion for businesses affected by COVID-19 outside the retail, hospitality, and leisure sectors targeted support delivered as...
National Minimum Wage Rates 2021/22
National Minimum Wage Rates 2021/22 With the new financial year just around the corner – there are certain regulatory changes coming into effect that may have a big impact on businesses without the right level of preparation in place. One of the main factors to...
UK Roadmap out of lockdown
All aspects of England’s society could reopen by June 21, The government has published the ‘COVID-19 Response – Spring 2021’, setting out a roadmap out of the current lockdown in England. Here's a summary of the official guidance published today, 22 February 2021 by...
Pay VAT deferred due to Coronavirus
You have until 21st June to register with HMRC. If you’ve taken advantage of the Covid VAT payment deferral scheme you have until 21st June to register with HMRC to repay the outstanding VAT by monthly instalments. The deadline for payment in full or to opt into the...
Upcoming VAT Reverse Charge for Construction Services
VAT Reverse Charge for Construction Services: Expectations leading up to March 1st From 1st March 2021, workers in the UK construction industry may have to handle and pay VAT in a different way following the introduction of the new VAT reverse charge system....
Bounce back loan borrowers can delay repayments by extra six months
Businesses that took out government-backed Bounce Back Loans to get through Covid-19 will now have greater flexibility to repay their loans, the government announced today (8 February). Bounce Back Loan borrowers will now have the option to tailor payments according...
Utilising your ISA allowance before the deadline
In the 2020 to 2021 tax year, the maximum you can save in ISAs is £20,000 Each tax year, we are given an annual ISA allowance. This can build up quickly, letting you accumulate a substantial tax-efficient gain in the long-term....
Capital Gains Tax on UK property
HMRC issues £1.3m in late filing penalties: The rule was changed to ensure that disposals were declared within a 30-day deadline from the 6th April 2020. Anybody selling a second home should declare and pay CGT due by using the new CGT on UK Property Account within 30...
