Capital allowances – cliff edge approaching?
Date posted: 29th Sep 2020
Breaking news update – Government extends £1m Annual Investment Allowance cap to 1 January 2022 The Government has extended the £1m Annual Investment Allowance cap to 1 January…
Date posted: 29th Sep 2020
Breaking news update – Government extends £1m Annual Investment Allowance cap to 1 January 2022 The Government has extended the £1m Annual Investment Allowance cap to 1 January…
Date posted: 15th Sep 2020
As you may have read in the press, HM Revenue & Customs believe that up to £3.5bn of furlough monies may have been claimed in either error or…
Date posted: 14th Sep 2020
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…
Date posted: 4th Sep 2020
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…
Date posted: 3rd Sep 2020
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…
Date posted: 27th Aug 2020
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…
Date posted: 14th Aug 2020
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…
Date posted: 14th Aug 2020
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…
Date posted: 14th Aug 2020
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…
Date posted: 14th Aug 2020
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…
