HMRC are urging businesses to look out for the use of mini-umbrella companies (MUCs) to pay contractors supplying their labour via agencies and other intermediaries. Businesses need to be aware of the financial and reputational risks of such entities in […]
Category: All News
check that your shares qualify for CGT business asset disposal relief
A recent case before the tax tribunal has confirmed that all of a company’s shares are ordinary shares except those that carry a fixed rate of return. This is crucial as CGT business asset disposal (BAD) relief requires a shareholder […]
Companies House webinars
Join Companies House live webinars for quick and useful guidance. The webinars cover a range of topics, including: starting a limited company and your responsibilities to Companies House and HMRC how intellectual property such as patents, trademarks and copyrights can […]
How to pay CJRS grants back
A new section to the guidance has been added by HMRC called ‘How to correct overclaims in your next claim’. On the webpage below you can find out how to pay all or some of your grant back if you […]
Coronavirus Job Retention Scheme (CJRS) templates
HMRC has issued a template with the details of the employees you are claiming for (on or after 27 May 2021). If you are claiming for 16 to 99 employees on or after 27 May 2021, you will need to […]
promoting tourism
new £3 million fund to help industry rebuild. Tourism organisations will be able to apply for funding to promote key visitor destinations in a responsible and sustainable way, helping the sector to recover from the coronavirus (COVID-19) pandemic. Administered by […]
£3.75 million to improve rural connectivity
Mobile coverage in some of the most rural parts of Scotland will be improved with an additional £3.75 million investment. A further nine masts are earmarked for the Scottish Borders, Highlands, Angus and island communities, along with three to replace masts […]
Making Tax Digital (MTD) for VAT – end of “soft landing”
MTD for VAT currently applies to VAT registered businesses with taxable turnover in excess of £85,000, the current VAT registration threshold. From 1 April 2022, MTD for VAT is being extended to all VAT registered businesses. HMRC have updated their […]
are you trading with the EU?
If your business moves goods between the UK and countries in the EU, they will need to follow new customs and tax rules. Their business will be affected by the new rules if they: buy goods from an EU seller […]
early signs of the “bounce back”?
Scotland’s onshore GDP is estimated to have increased by 2.1% in March, with growth in many sectors of the economy despite the ongoing restrictions for some customer-facing services. Output remained 5.4% below pre-pandemic levels in February 2020 and is 0.9% […]
reimburse private fuel by 6 July to avoid fuel benefit
One consequence of the recent periods of lockdown is that employees may have driven fewer private miles in their company cars, particularly where they have not been driving to the office. If they are to avoid being taxed on the […]
attracting talent in today’s market
Great businesses are made up of great people. Everyone knows that it’s the people that make a business what it is. However, in many sectors, the job market leans in favour of the candidates. Good people are in short supply […]
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