30 April 2021
Businesses operating within the Construction Industry Scheme (CIS) will be affected by the measures set out by HMRC and effective from 6th April 2021. Four changes will be applied to CIS rules: CIS set-off amendment power HMRC will be able to amend the CIS deduction amounts claimed by sub-contractors on…
19 April 2021
A consultation was raised by the government on 23rd March on the subject of raising standards in the tax advice market, focusing on professional indemnity insurance and views on the definition of tax advice. The main goal is to find professional staff, cooperate with professional bodies, as well as agents…
13 April 2021
Advisory fuel rates are government-set rates to help businesses in reimbursement of fuel costs on company cars. When employees are reimbursed for fuel costs, the employer is not required to pay Class 1 National Insurance contributions or tax, provided that the mileage rate is no higher than the advisory rate.…
As a UK taxpayer, you are able to donate to charities tax-free, as well as receive tax relief if you donate through Gift Aid or through Payroll Giving (taken straight from your salary or pension). Payroll Giving Schemes If your pension provider or employer offers a Payroll Giving scheme, any…
21 March 2021
The Coronavirus Job Retention Scheme (CJRS) is again being extended by the government to support businesses and individuals impacted by the disruption caused by Coronavirus (COVID-19) pandemic. This extension will cover periods starting on or after 1 May 2021 to 30 September 2021, with claim changes coming in place for…
