18 Oct 2021

2021 Autumn Budget – what clues can we take from the Chancellor’s Party Conference speech?

On 4 October Chancellor Rishi Sunak gave a fervent speech at the Conservative Party Conference in Manchester, outlining the government’s plans for jobs following the end of the Coronavirus Job Retention Scheme (CJRS) last month.

22 Sep 2021

Taking a look at the new Health and Social Care Levy

From April 2022, the government will introduce a new UK-wide 1.25% Health and Social Care Levy, ringfenced for health and social care. This will be based on national insurance contributions (NICs) and from 2023 will be legislatively separate.

26 Aug 2021

Penalties for late payment and interest: are you up to date?

HMRC recently published a paper outlining the changes to the late payment penalty regime for taxpayers.

29 Jul 2021

Simplified tax reporting – what will it mean for your clients?

Changes to the tax system that will make it easier for small businesses to fill out their returns have been announced by the government. The changes, which will come into force by 2023, will mean businesses will be taxed on profits arising in a tax year, rather than profits of accounts ending in the tax year.

28 Jun 2021

Are your clients minimising their tax liability?

For the majority of taxpayers, the tax system is as mystifying as it is unavoidable. As many taxes are deducted at source, contact with HMRC is minimal, which is how most people like it. However, this means that opportunities to make business, personal income or savings as tax-efficient as possible are frequently allowed to pass by.

26 Apr 2021

Pandemic support payments and the tax return

The past year has been dominated by the coronavirus (COVID-19) pandemic, which has had an extraordinary impact on lives, finances and businesses. The UK government’s response was an exceptional array of measures to support businesses and livelihoods. From the furlough scheme to self-employed grants, statutory sick pay rebates to Eat Out to Help Out, the government has provided numerous avenues for businesses to get help.

23 Mar 2021

How can tax policy help reduce the effects of climate change?

In a recent report, the Confederation of British Industry (CBI) urged the government to overhaul its policy on environmental taxes to help the UK get back on track to achieve net-zero carbon dioxide emission goals. Here, we outline some of the points raised by the business group.

23 Feb 2021

2021 Budget – what can we expect?

The ongoing coronavirus (COVID-19) pandemic, combined with the UK’s exit from the EU, presents unprecedented modern economic challenges, uncertainty and anxiety. Whilst certain changes in the UK tax system are inevitable, the timing of such changes and the degree of change could be critical.

26 Jan 2021

Taking a look at Making Tax Digital for Corporation Tax

On 12 November 2020, HMRC launched the first consultation on Making Tax Digital for Corporation Tax (MTD for CT). Open for comments until 5 March 2021, a key headline is that the government are not looking to mandate MTD for CT prior to 2026. This is the start of a journey but one that all corporates and their tax agents will be interested in monitoring.

14 Dec 2020

Preventing abuse of Research and Development tax relief

As part of the draft clauses of the Finance Bill 2021, policy proposals on preventing abuse of Research and Development (R&D) tax relief for small and medium-sized enterprises (SMEs) were released on 12 November 2020.

24 Nov 2020

Extending the Coronavirus Job Retention Scheme

Chancellor Rishi Sunak has once again extended the duration of the Coronavirus Job Retention Scheme (CJRS), often referred to as the furlough scheme. As part of the package of support measures that were introduced because of a second national lockdown for England it was extended for the planned duration. The Chancellor recently announced that the CJRS will be extended to the end of March.

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