HMRC’s late payment interest rate has gone up by another quarter percent, and now stands at 3.75%. Late payment interest encourages prompt payment, ensuring fairness for those paying on time. The rate for overpayments remains at 0.5%. >Read more: changes […]
Before the current tax year ends, it’s worthwhile asking yourself ‘have I utilised all tax allowances and exemptions available to me, my family, and/or business?’. To help you we’ve outlined 18 opportunities that may be available for personal and for […]
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 […]
Businesses that deferred VAT payments due between 20 March and 30 June 2020, and cannot afford to pay by 31 March 2021, have the option of joining a new scheme allowing them to pay the deferred VAT over a longer […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
Funding Matters
Digitisation Matters
Strategy + Planning
Tax Planning + Advice
R&D Tax Hub