Both the Bank of England and the UK’s leading business members’ organisation believe the economy is set to take off after the vaccine bump. GDP (Gross Domestic Product) is expected to rise sharply in the second quarter as lockdown eases.
Putting together an efficient tax strategy should be a no-brainer for buy-to-let landlords seeking to maximise their income. It may not be quite as glamorous as hunting down the perfect property, but when it comes to saving cash, it can
The second part of a sweeping review of Capital Gains Tax (CGT) has been published with 14 key recommendations. In July 2020, the Chancellor asked the Office of Tax Simplification (OTS) to carry out a review, to “identify opportunities relating
For many businesses, the pandemic has turned the world on its head, with many who might have expected to be profitable experiencing a loss. Sometimes losses happen simply because the business is very new, or because costs have unexpectedly risen.
There are many problems associated with the pandemic, apart from the obvious one of the illness caused by the virus itself. Conmen and scammers have taken advantage of the situation, bombarding people and businesses with bogus claims about tax owed
People who enrolled in the Self-Employment Income Support Scheme (SEISS) have been reminded that they must include income from their grants on tax returns to HM Revenue & Customs (HMRC), as it is subject to Income Tax and National Insurance.
The Stamp Duty Land Tax (SDLT) holiday will end as planned on 30 June 2021, HM Revenue & Customs (HMRC) has confirmed.
A new set of European Union cross-border VAT rules are set to come into force on 1 July 2021. Whilst everyone is talking about the changes for B2C (business to consumer) sales of goods, there are also some changes to
From 1 January 2021, goods purchased from EU are classed as imports. To make it easier for businesses to report and pay import VAT, the UK now offers a system of postponed VAT accounting (PVA). This allows businesses to account
As the UK continues its Covid-19 vaccination programme, businesses need to consider the legal implications of insisting that employees have the jab. The Government has not yet released any guidance on vaccination for employers. However, existing employment law gives some