The Annual Investment Allowance (AIA) gives businesses the opportunity to claim 100% capital allowances in the year of expenditure on qualifying capital assets. £1 million annual investment allowance extended to […]
Previous rules Patent box relief enables companies to claim an effective 10% rate on patent/IP related profits as opposed to 19% based on current corporate tax rates. Under the previous […]
The 12th November 2020 Financial Times headline reads: ‘Overhaul of UK Capital Gains Tax (CGT) urged in review’ following the release of the Office for Tax Simplification’s report into CGT […]
With Britain’s exit from the EU fast approaching, professional and business services firms across the UK have no time to waste in preparation. With swift action, they could reduce disruption […]
Ed Hussey – People Solutions DirectorDD: +44 (0)1784 497105 Andrew Brookes – Employer Solutions SpecialistDD: +44 (0)1252 541244 EXTENDED JOB RETENTION SCHEME – FROM 1 NOVEMBER 2020 THE GOVERNMENT HAS […]
VAT payments totalling £30billion were deferred between March and June 2020 and are due for payment before 31 March 2021. What if you can’t pay your deferred VAT? HMRC are […]
Brexit Transition Toolkit: Are you prepared? The UK left the EU on 31 January 2020. The terms of the Withdrawal Agreement provided for a Transition Period through to 31 December […]
If you find in this time of uncertainty that you are unable to pay your self assessment income tax liability, there is help at hand. If you have already missed […]
The Chancellor of the Exchequer has issued a financial package targeted at those who derive the majority of their income from self-employment who are facing hardship due to the Covid-19 […]
UPDATED 05 November 2020: Andrew Brookes – Employment Tax SpecialistDD: +44 (0)1252 541244 In line with the second national lockdown announced by the Prime Minister, the Furlough Scheme is being […]
Since the Covid-19 pandemic began there have been three key impacts to office real estate. These incorporate several elements from significant deceleration in decision-making, very few people returning to offices […]
The Job Support Scheme due for implementation on 1 November 2020 has been postponed as a result of the second national lockdown announced on 31 October 2020. In its place, […]
Extension of temporary insolvency measures For those businesses that are experiencing cashflow difficulties brought on by the COVID-19 pandemic, the Government’s decision to extend the easements provided by the Corporate […]
The rules regarding residency, previously based on outdated guidance and case law, were finally replaced by the Statutory Residence Test with effect from 6 April 2013. These aim to provide […]