Blog
Commentary and insight
Our team of experts keeps a close eye on developments in tax law and financial regulation. Our blog is where they interpret the ever-changing statutory landscape in plain English, highlighting what’s important and offering practical advice on what businesses can do to avoid pitfalls or seize the opportunities presented.
Self Employment Income Support Scheme: HMRC and Your Claim
As the Self-employment Income Support Scheme (SEISS) comes to a close, HMRC will continue to check claims rigorously. Reviewing Claims It is always preferable to approach HMRC with a disclosure, rather than wait for HMRC to discover potential...
Off-Payroll Working – Will HMRC Accept CEST Result?
Since 6 April 2021 large and medium sized organisations, based on the Companies Act criteria, have had to determine whether or not a worker supplying his services via their own personal service company would be treated as an employee if directly...
Summer Staff: National Minimum Wage Rate Reminder for Employers
All workers are legally entitled to be paid the National Minimum Wage (NMW). This includes temporary seasonal staff, who often work short term contracts in bars, hotels, shops and warehouses over the summer. The National Minimum Wage hourly rates...
The Pros and Cons of a Company Electric Car
Should employers shift towards greener vehicles? Despite the potentially high personal tax charge, many employees still enjoy and prefer the convenience of being offered the use of a company car by their employer. Those employers familiar with the...
Tax Planning for Residential Landlords
Planning to take advantage of low interest rates? After a challenging year for the UK’s residential landlords, you might have read about improvements to the buy-to-let mortgage market in recent weeks. In the three months to 31 May 2021, the average...
The Basics of VAT for UK Businesses
An introduction to the main business tax. VAT is a business tax on the supply of goods and services. It is charged at varying rates depending on what is being supplied, who it is being supplied to and where it is being supplied to. But with Brexit,...
Costs You Can Reclaim on the Business
Expenses and allowances in 2021/22. If you’re self-employed, your business will rack up various running costs throughout 2021/22. Some of those you’re able to deduct as allowable expenses. By deducting these allowable expenses as part of...
Covid-19 – Analysing the Recovery Loan Scheme
Budget 2021 announced a successor loan scheme to support UK business recovery. Earlier coronavirus (Covid-19) loans, like the Bounce Back loan, closed to applications on 31 March 2021. The new Recovery Loan Scheme (RLS) launched on 6 April 2021 and...
HMRC Urges Businesses to Carry Out Due Diligence Into Their Labour Supply Chain
HMRC is warning organisations about the use of mini umbrella companies in the labour supply chain and the need to carry out due diligence to protect the organisation from financial and reputational damage. Without a careful review of their labour...
The Pensions Lifetime Allowance
How Might the Big Freeze Affect You? Traditionally, most people get nowhere near breaching the pensions lifetime allowance, but that’s likely to change over the next five years. The lifetime pensions allowance is currently £1,073,100. In his Spring...
The Tax Implications of Furnished Holiday Lets
COVID-19 prompts high demand for UK holidays. Owning and letting out a holiday home, otherwise known as a furnished holiday let (FHL), has always been a popular way of investing and earning income. Not only do FHLs enjoy many tax advantages over...
How Can Unleashed Inventory Software Automate Your Manufacturing Business?
How many spreadsheets do you currently use to manage inventory? Do you know what you have in stock right now? Unleashed is an inventory management tool which accurately manages inventory in real time. It is perfectly suited to companies in the...
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