Client Log-in Social Care: Reform and Funding
Date posted: 10th Sep 2021
Highlights Government reforms to social care will impact those entering care in England from October 2023. The cap for full self-funding will rise to £100,000 from £23,250. The…
Date posted: 10th Sep 2021
Highlights Government reforms to social care will impact those entering care in England from October 2023. The cap for full self-funding will rise to £100,000 from £23,250. The…
Date posted: 10th Sep 2021
The Government are pulling the plug on support to employers for furloughed staff at the end of September as they anticipate that the economy will be back to…
Date posted: 10th Sep 2021
Supplies of land and buildings, such leasing or renting out a property, are normally exempt from VAT. This means that no VAT is payable, but the person making…
Date posted: 10th Sep 2021
HMRC have recently updated their guidance on accounting for VAT on goods imported from outside the UK which, since Brexit, includes the European Union. Businesses registered for VAT…
Date posted: 10th Sep 2021
Unexpectedly introduced at the 2021 Budget, the 130% deduction essentially allows companies to reduce their tax bill by up-to 25p for every £1 invested. The amount of relief…
Date posted: 10th Sep 2021
HM Revenue & Customs (HMRC) are introducing a new penalty system to try to make the tax system fairer and more consistent. The new system will use a…
Date posted: 10th Sep 2021
The child benefit charge was introduced in 2013, for those individuals with income of over £50,000. The basic idea behind the charge is that if your income is…
Date posted: 10th Sep 2021
As we reported around a year ago (https://www.cliveowen.com/2020/08/offshore-income-reporting/) HMRC are continuing to issue “nudge” letters to customers who HMRC believe have unreported income or gains from overseas. We…
Date posted: 10th Sep 2021
Each individual has an annual pension allowance, which is the maximum that can be saved into a pension plan, each tax year and receive tax relief. However, there…
Date posted: 3rd Sep 2021
Last month we mentioned that draft legislation has been published to change the basis periods for the assessment of self-employed profits to coincide with the tax year. The…
