Blog

Do You Understand How Pensions' Tax Relief Works?

In a recent survey, 25% of people in the UK said they'd never heard of Pensions' Tax Relief and fewer understood it ...

The Business Godparent Newsletter Summer 2021

Welcome to the 11th edition of The Business Godparent and Freedom Day is finally here. There's a lot going on ...

HMRC Publishes Guidance On The Fifth SEISS Grant

The fifth SEISS grant will open to self-employed claimants from the end of July until September ...

EU VAT Changes Came In On The 1st Of July 2021

On 1st July 2021, the EU's scheme called Modernising VAT for Cross-Border-E-Commerce came into force ...

The Covid Business Support Timeline

As the economy improves there will be less support from the government. We've got a Covid Business Support Timeline ...

Has COVID-19 Impacted Your Company’s Credit Rating?

We all know how difficult COVID-19 has made business. One side effect has been the impact on credit ratings ...

HMRC Puts Covid Fraudsters On Notice!

During his Budget 2021 speech back in March, the Chancellor told us that HMRC is cracking down on Covid fraudsters ...

Did You Know The Furlough Structure Is Changing?

A number of changes are coming to the Coronavirus Job Retention Scheme in July. These will affect all employers ...

Will the OTS Recommend We Move Tax Year End?

The OTS has confirmed its review of the costs, implications and benefits of moving the UK's tax year-end ...

Household Savings During The COVID-19 Pandemic

During the pandemic, households have saved what they would normally spend on travel and entertainment ...

SEISS : Fifth Grant Announced!

HMRC has announced a fifth SEISS grant will be made available, covering May 2021 to September 2021 ...

What's Happening With Company Car Tax In 2021?

The UK Government is committed to reducing the numbers of petrol and diesel company cars on the road ...

VAT-Registered Businesses May Need A New Direct Debit

Many VAT-Registered businesses have received letters from HMRC explaining that they may need a new direct debit ...

Vaccine Success Driving UK Business Confidence

It's heartening to see business confidence grow as we approach the end of the pandemic restrictions ...

The Deferred VAT Payment Deadline Looms!

Did you know that the deadline for paying any deferred VAT is the end of this month? That's only a few weeks away ...

The UK's New Travel Traffic Light System

With employees going abroad this summer, it is useful to have some insights into the traffic light system ...

What Differentiates You?

Did you know that you are a brand and a unique one at that? People are brands and brands are like people ...

Working From Home? Claim Tax Relief This Tax Year

So far this year, over half a million individuals have made a claim with HMRC for tax relief on working from home ...

What Is A P11D And What's It For?

A P11D is used to report Benefits in Kind either you or your employees receive from your company in addition to a salary ...

The Recovery Loan Scheme: Ongoing support for SMEs

The Recovery Loan Scheme is designed to help SME's who need to deal with bad debtors and late payers ...

Harsher Penalties For Misclaiming the Fourth SEISS Grant?

Applications for the fourth SEISS grant are underway. HMRC has confirmed harsh penalties for abuse of the scheme ...

The History Of National Insurance

We all pay National Insurance, however, people are now wondering if it should be abolished ...

The Tax Administration Framework: HMRC's Digital Future

The Government is reviewing the processes of the UK's tax system, enabling it to embrace digital technologies ...

Self Employed Travel And Subsistence

One of the biggest questions newly self-employed people ask me is about their travel and subsistence claims ...

Review Your High Income Child Benefit Charge Position Now

In 2013, the Government introduced the High Income Child Benefit Charge. Many didn't realise they were affected ...

The 4th SEISS Grant Can Be Claimed From This Week

The 4th SEISS grant can be claimed from this week, and HMRC has been in touch with those who can potentially claim ...

Everyone Can Now Get Free Rapid Lateral Flow Tests

The Government has announced anyone in England can take a free rapid Lateral Flow Test twice weekly from now on ...

Gift Aid Is A Major Legacy Of The Duke Of Edinburgh

Prince Philip was a great supporter of charities across the UK. However, without him, Gift Aid may never have happened ...

Employees Can Claim Working From Home Allowance

Employees forced to work from their own home due to COVID-19 are able to claim the Working from Home allowance ...

The Business Godparent Newsletter Spring 2021

An interesting side-effect of the COVID-19 restrictions is that the UK became a nation of accidental savers ...

Work From Home or Back To The Office?

During the COVID-19 pandemic, the vast majority of employees were told to work from home. Now that's changing ...

Have You Seen The New £50 Banknote?

The Bank of England changes banknotes' designs from time to time, and now we have a new £50 to enjoy ...

1st Of April Deadline For Self Assessment Payment Plans

You only have a few days left to pay any outstanding tax in full or set up a self-assessment payment plan ...

Government Announce New Tax Consultations

A new series of tax documents and other consultations have been released to help create a more trusted tax system ...

COVID-19: Celebrating Diversification On The Anniversary Of Lockdown

At the start of 2020, no business owner could imagine the impact COVID-19 was about to have on the United Kingdom ...

Important Reforms To Companies House

In a drive to clamp down on money laundering and fraud, the Government is reforming Companies House ...

The UK's New Super-Deduction Tax Break

The Government's new Super-Deduction tax break is designed to allow businesses to claim 130% against taxable profits ...

Chancellor Extends Furlough Until September 2021

The Chancellor has extended the furlough scheme until September 2021, offering relief to many hard-working people ...

Budget 2021: COVID-19 Support Measures At A Glance

During last week's Budget 2021, Chancellor Rishi Sunak announced further support through the pandemic ...

Get Our Budget 2021 Summary

Amid great anticipation, Chancellor Rishi Sunak has unveiled the contents of his long-awaited Budget 2021 ...

Budget 2021: What's The Chancellor Going To Announce?

Readers of the financial press will have seen many predictions for Wednesday's Budget 2021 from the Chancellor ...

Vaccines : Employer Obligations And Employee Rights

There is a nationwide conversation amongst employers about what happens if someone refuses a vaccine ...

Late Payment Penalty Waived By HMRC

HMRC has said that you won't be charged a 5% late payment penalty if you pay or set up a plan by the 1st of April 2021 ...

COVID-19 VAT Deferral Payment Guidance Updated

New guidance has been published on how to register for VAT payments deferred between the 20th March and 30th June ...

Kickstart Scheme Axes 30-Job Minimum Requirement

The Kickstart Scheme used to have a minimum number of 30 job placements, but this limit has been removed ...

Chancellor Offers More Help To Firms With COVID-19 Loans

Many small businesses took out Government-backed COVID-19 Loans at the start of the pandemic ...

1.8m Taxpayers Miss The January Self Assessment Deadline

The 2019/20 self-assessment tax return was submitted by 10.7m people before the 31st of January 2021 deadline ...

Income Tax And VAT Implications Of Successful Hobbies

Thanks to lockdown, many of us are spending a lot more time on our hobbies. We're getting very good at them ...

Voluntary Receipts: When Is a gift really a gift?

For self-employed individuals who offer a great service, sometimes a gift is offered as a thank you for their hard work ...

Self-Assessment Tax Filing Deadline Extended

It was a huge surprise to everyone when HMRC announced that the tax return filing deadline had been extended ...