Pension contributions to approved pension funds on behalf of employees and directors continue to be a tax-free benefit provided the annual input limit is not breached. The contributions are also deductible for the employer, provided incurred wholly and exclusively for […]
news
HMRC warn employers not to use unfunded pension arrangements
HMRC is currently attacking a marketed tax avoidance scheme using unfunded pension arrangements to avoid Corporation Tax, Income Tax, and National Insurance contributions. HMRC strongly believes these arrangements do not work and will seek to challenge anyone promoting or using […]
We’re recruiting for a trainee accountant
We’re delighted to announce we’re recruiting a trainee accountant to work with both our accounts and tax departments in the preparation and submission of limited company Annual Accounts. You will be responsible for day-to-day administration and processing of accounts, managing […]
Green Jobs Funding Call
The green jobs call is part of a series of funding rounds that will open and close for applications periodically. The first call was delayed until 27 May 2021. It offers funding of between £50,000 and £500,000 to help Scottish […]
Unhappy families – challenging inheritance issues
The outcome of a recent High Court case is a warning for anyone challenging a will. As inheritances become more valuable, the number of disputes about wills have increased. Court cases rose by almost 50% to 188 in 2019 compared […]
Recovery of VAT on Electric car charging
The Government is committed to encouraging more and more people to drive electric cars and have reduced or eliminated the income tax benefits of providing electric company cars or charging points for employees. Since 6 April 2019 there has been […]
Output VAT on the supply of private road fuel
HMRC have amended the VAT road fuel scale charges with effect from 1 May 2021. Businesses must use the new scales from the start of the next prescribed accounting period beginning on or after 1 May 2021. The valuation rate […]
COVID-19 Government support news
Below is our weekly roundup of changes to government support information generally and for businesses, employers and the self-employed. Claim for wages through the Coronavirus Job Retention Scheme (CJRS) The CJRS has been extended until 30 September 2021 Claims for […]
Self-Employment Income Support Scheme (SEISS) update
SEISS fourth grant Claims for the fourth grant have now closed. The last date for making a claim was 1 June 2021. SEISS fifth grant A fifth grant covering May 2021 to September 2021 will be open to claims from […]
IHT business relief for holiday lets
There are various tax advantages to a rental property being treated as a furnished holiday letting, but inheritance tax (IHT) business relief is generally not one of them. Even though the law supports HMRC’s view, property owners regularly appeal against […]
Umbrella companies – sorting the good from the bad
Contractors have turned to umbrella companies as a hassle-free way of providing their services to clients following the recent changes to the off payroll working rules. They receive no tax savings, but pass on some administration and pay less than […]
The future of capital gains tax takes shape
A recently released report on capital gains tax (CGT) by the Office of Tax Simplification (OTS) has made several recommendations on the future of a tax, about which it says many people have limited awareness or understanding. The 30-day reporting […]
Funding Matters
Digitisation Matters
Strategy + Planning
Tax Planning + Advice
R&D Tax Hub