The new Winter Economy Plan – Summary of Measures

The Chancellor, Rishi Sunak, has today delivered a statement to the House of Commons outlining plans to help protect jobs ...
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When the cash basis is not available to a property business

The cash basis scheme helps landlords, sole traders and other unincorporated businesses to benefit from a simpler way of managing ...
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Definition of a potentially exempt transfer

The majority of gifts made during a person's life are not subject to tax at the time of the gift ...
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Companies in partnership

A Partnership is a relatively simple way for two or more legal persons to set up and run a business ...
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Removing your home address from the public register

Company directors and other eligible people such as company secretaries, people with significant control (PSC) and LLP members can apply ...
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Claiming tax relief for work related expenses

Employees who need to buy equipment to use as part of their employment may be able to claim tax relief ...
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Changes to duty free shopping

The government has published the new rules for duty free and tax free shopping that will come into effect from ...
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Venues required to record contact details

It has become a requirement for premises and venues across England to have a system in place to record contact ...
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Tax Diary October/November 2020

1 October 2020 - Due date for Corporation Tax due for the year ended 31 December 2019. 19 October 2020 ...
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Where is the silver lining?

It is really difficult to maintain a sense of equilibrium and optimism in these difficult times. Even if you can ...
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Mothballing your business assets

Mothballing as used in a business sense is usually defined as to stop using a piece of equipment or process, ...
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Coronavirus testing guidance for employers

The government has published detailed new guidance for employers on the regulations and legal obligations relating to running internal workplace ...
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Free domestic abuse advice line for employers

A new advice line for employers who are supporting employees experiencing or at risk of domestic abuse has been launched ...
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The private pensions’ annual allowance

The annual allowance for tax relief on pensions has been fixed at £40,000 since 6 April 2014. The annual allowance ...
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Carry Corporation Tax losses back

Corporation Tax relief may be available where your company or organisation makes a trading loss. The loss may be used ...
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Relief for self-employed trading losses

There are a number of tax reliefs available for self-employed taxpayers that make a loss carrying on their trade, profession ...
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VAT on compensation payments

HMRC has published a new Revenue and Customs Brief on the VAT treatment of early termination fees and similar compensation ...
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Video-witnessed wills

The Ministry of Justice (MoJ) has confirmed that video witnessed wills in England and Wales will be made legal during ...
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Working from home tax claim

If you do not receive compensation from your employer you can still claim tax relief for some expenses that result ...
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Companies with a 31 December year end

For companies with taxable profits of up to £1.5 million the payment of any Corporation Tax is due 9 months ...
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Furlough Scheme changes September 2020

As our readers will no doubt be aware, the Coronavirus Job Retention Scheme (CJRS) is closing on 31 October 2020 ...
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Green Homes Grants

A reminder that home owners and landlords can now access funding to help pay for the cost of energy saving ...
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Cars – it’s all online

If you have access to the internet there are a bewildering number of online resources that you can access to ...
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New grants for businesses affected by local lockdowns

New grant support was announced 9 September that offers businesses in areas subject to a local lockdown a measure of ...
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