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 […]
Category: All News
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 […]
Focus on national insurance contributions
New government proposals target the promoters of national insurance contribution (NIC) avoidance schemes, while plans are in place to introduce a zero rate of employer contributions in Freeports. Both measures are included in the National Insurance Contributions Bill 2021. Crackdown […]
VAT deferral – apply online by 21 June 2021
The VAT deferral new payment scheme is open for all businesses who deferred paying VAT due between 20 March and 30 June 2020 and were unable to pay in full by 31 March 2021. If you apply to spread your […]
Taxi and Private Hire Vehicle Driver and Operator Support Fund
This grant is for licensed taxi or private hire drivers and operators in Scotland, who are experiencing financial challenges as a result of the coronavirus pandemic. Taxi and private hire drivers If you are a licensed taxi or private hire […]
Local Authority Discretionary Fund
This grant is for businesses in Scotland who have not been eligible for previous business support grants. If your business is still being adversely impacted by Tier 4 restrictions (and you have not received any support), you are eligible to apply. The […]
managing mental health in the workplace
Supporting your team through turbulent and stressful times. After dealing with the effects of the pandemic for over a year, many people are feeling isolated working from home, while others are struggling to manage family responsibilities alongside the demands of […]
how to pivot your business strategy
If your business goes through a tough period, it may be time to pivot your strategy. Necessity is the mother of all invention. Many firms have had to pivot their business strategy due to the current market conditions. In order […]
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