Claims for the final Self-Employment Income Support Scheme grant worth up to £7,500 must be made by September 30, 2021. The UK Government has paid out £25.2billion in financial support to 2.9million self-employed individuals whose business has been affected by coronavirus through the Self-Employment Income Support Scheme (SEISS). The latest figures from HM Revenue and Customs (HMRC) show that […]

HM Revenue & Customs has been busy dishing out penalties for unpaid tax due to wrong off-payroll workers’ status. First, it was the Department for Work and Pensions. Now it’s the Home Office that owes HM Revenue & Customs millions of pounds because of incorrect assessments of their contractors’ employment and tax status between 2017 and […]

As the deadline approaches, customers are being urged not to leave their renewal until the last minute and risk their payments being stopped.   HM Revenue and Customs (HMRC) has reminded more than 300,000 tax credits customers they have until 31 July 2021 to renew their tax credits claim or risk their payments being stopped. As the deadline approaches, […]

Nearly 800,000 people who have been working from home during the coronavirus pandemic have claimed tax relief. Millions of workers in the UK are being urged to claim £500, with hundreds of thousands having already cashed in on the free money. Wales Online reports that nearly 800,000 people who have been working from home during the […]

Being confident and able to make good business decisions are two of the most important skills to enhance your career and make you a better manager and accountant. However, with so much uncertainty it can feel very difficult to make decisions in the current climate. In addition, being confident does not come naturally to everyone, […]

New official CEST usage data is serving to leave the reputation of the HMRC tool in tatters – while also asking some questions of its own to other, industry-built online IR35 tests Released by the tax office on Thursday, the data show that out of 1,018,250 uses between November 2019 and May 2021, CEST produced 210,000 ‘unable to determine’ […]

The 300-year old process to manually stamp documents to show the duty has been paid is going digital from July 2021. HMRC’s stamp duty press machines will be officially retired from service on 19 July 2021. An electronic process will be adopted for the remaining transactions which still required physical stamps, such as duty paid […]

Initially set as 21 June, Boris Johnson confirmed yesterday (14 June), that due to the rising number of cases of the new Delta variant of the coronavirus, ‘freedom delay’ has been delayed until 19 July. Chancellor Rishi Sunak is reportedly set to reject calls for an extension of the furlough scheme and business rates report to businesses […]

[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_column_text] The accountancy body believes the new trade deal between the UK, Norway, Iceland and Liechtenstein ‘provides certainty’ for many sectors in […]

SMEs are in a state of paralysis and feel unable to plan their financial future, according to a survey from ACCA UK (the Association of Chartered Certified Accountants) and The Corporate Finance Network (CFN). A total of 77.8% of accountants’ small business clients are not expecting to return to pre-COVID levels of production and turnover […]