Yearly Archives: 2020


Retirement age and pension p...

Event date: 1st Jan 1970

The government has confirmed that it will increase the age at which people can access their pensions from 55 to 57 in 2028. This means that if you…

Retirement age and pension planning
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Certain Property Business Ow...

Event date: 1st Jan 1970

Class 2 National Insurance Contributions (NICs) are currently paid at the rate of £3.05 per week by self-employed earners. A person who is liable to Income Tax on…

Certain Property Business Owners are Liable to Class 2 NICs
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Numerous Fraudlent CJRS Clai...

Event date: 1st Jan 1970

HMRC’s CJRS fraud reporting portal had received over 2,000 reports of wrongful claims. Examples of such wrongful claims include; Claiming furlough payments for staff who are continuing to…

Numerous Fraudlent CJRS Claims Identified
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R&D claims – evidence r...

Event date: 1st Jan 1970

It is important to remember that when making a claim for research and development tax relief, HMRC will expect that you will provide sufficient information for them to…

R&D claims – evidence required
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HMRC systems are behind: Hav...

Event date: 1st Jan 1970

As you may be aware HMRC have had to reallocate staff to deal with the myriad of Corona Virus support schemes. This has resulted in them being behind…

HMRC systems are behind: Have you received any unexpected correspondence or penalty notices?
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Recession tax planning

Event date: 1st Jan 1970

As the UK officially enters a recession, we take a look at what tax planning opportunities may be available for individuals and businesses. A few potential ideas are…

Recession tax planning
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Offshore Income Reporting

Event date: 1st Jan 1970

HM Revenue & Customs (“HMRC”) have started to issue letters to clients and their representatives in relation to unreported overseas income. HMRC are clearly concerned that individual’s are…

Offshore Income Reporting
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Vans are cars?

Event date: 1st Jan 1970

The Court of Appeal has recently ruled that certain modified vans are regarded as cars for tax purposes, rather than vans. This follows on from the original tribunal…

Vans are cars?
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North East LEP SME Restart a...

Event date: 1st Jan 1970

100% grant support opportunity for North East LEP area businesses SMEs based in the North East LEP area (County Durham, Gateshead, Newcastle, North Tyneside, Northumberland, South Tyneside and…

North East LEP SME Restart and Recovery Grants
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