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…
Due to the unfaltering impact of COVID-19 had on the economy, the Government has announced that the self-employed will receive a fourth grant, covering 80% of the 3 months’ average profit, capped at £7,500 and paid in a single instalment. 4th Grant: In order to primarily process the 2019/2020 Self-assessment…
Changes are coming to the private sector starting from April 2021, lead by the IR35 reform which will align it with the public sector where these changes were implemented in 2017. IR35 rules allow HMRC to collect tax and NI contributions if you, as a contractor, are operating through an…
