Business News

Bank of England and CBI expect the biggest rise in economy for decades

Posted on 11 Jun, 2021

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.

Tax saving strategies for landlords

Posted on 11 Jun, 2021

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

New recommendations in sweeping CGT review

Posted on 11 Jun, 2021

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

Carry back scheme brings welcome relief for business

Posted on 11 Jun, 2021

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.

Beware of the HMRC scammers, but ignoring calls can be costly

Posted on 11 Jun, 2021

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

Make sure to include SEISS grants on your next tax returns

Posted on 11 Jun, 2021

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.

SDLT holiday to end and be replaced by transitional rate from July, HMRC confirms

Posted on 10 Jun, 2021

The Stamp Duty Land Tax (SDLT) holiday will end as planned on 30 June 2021, HM Revenue & Customs (HMRC) has confirmed.

Prepare now for new EU consumer VAT rules on services from 1 July 2021

Posted on 3 Jun, 2021

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

Don’t get caught out by import VAT – Tick the box

Posted on 26 May, 2021

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

The Coronavirus Vaccination: What employers need to know

Posted on 24 May, 2021

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