Coronavirus job retention scheme (CJRS) The CJRS (furlough scheme) will be extended to run until 30 September 2021, providing employees with 80% of their current salary for hours not worked. Up to the end of June, the current 80% government […]
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Key highlights from the Spring 2021 Budget
We’d like to give you a short summary of the budget highlight key areas of interest. For more in-depth analysis of the Spring budget full and guidance from out tax expert Wendy McBride visit our Spring 2021 Budget Update BUDGET […]
Spring 2021 Budget Update
Following on from the UK Government’s Spring Budget on 3 March we have summarised the information you need. We’ve listed the budget highlights below and added further details on personal and business taxation plus additional business and funding support that […]
Ammu’s overview of the Spring Budget
Introduction On some counts this Budget was Rishi Sunak’s 15th major announcement since his first Budget, just under a year ago. During this period, the pandemic has dominated the Chancellor’s actions and this was true of his latest Budget. To […]
Northern Ireland border discussions
The news last week was dominated by the Northern Ireland (NI) border discussions. A meeting of the EU-UK body overseeing the NI Brexit arrangements and aimed at resolving issues with the Irish sea border has had mixed reactions amongst NI […]
HMRC temporarily waives 5% late penalty fee
HMRC is giving more time to pay or to set up a payment plan for Self-Assessment because of the impact of COVID-19. Consequently, Self-assessment taxpayers will not be charged a 5% late payment penalty if they pay their tax or set […]
Cycle to work scheme
The Cycle to Work Scheme is a salary sacrifice scheme that’s part of the UK Government plan to improve the environment, cut road congestion and improve the health of the nation. However, employees and employers who signed up for the […]
VAT reverse charge from March
The VAT domestic reverse charge will finally apply to most supplies of building and construction services from 1 March 2021. The rules, whose implementation has been postponed twice, cover standard and reduced rate VAT supplies between VAT-registered sub-contractors and contractors […]
Taxing wealth – a viable option?
As we look ahead to the Budget on March 3 – a full update will be published on ammu.uk shortly after the Chancellor’s statement – it is worth looking at some of the issues that may well be under consideration. […]
Some financial lessons from the last year
The last year has been a traumatic one in which much has changed, perhaps never to revert to the old ‘normal’. It has also provided some useful financial lessons. Make sure you have an up-to-date will – Early on in […]
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