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Practice News

Self-Employment Income Support Scheme – Return to Your Claim

Posted 08/11/2021 A Section has been added with links to guidance for the fifth grant and previous grants. A link to guidance on how to pay back a grant has also been added. You can use the online service to check the status of your payment, update your details, see how much you were paid…Read More

Working in Europe?

Posted 26/10/2021 As travel returns to a more normal environment, the UK government has started a campaign to remind business travellers of the rules for travel to an EU country, Switzerland, Norway, Iceland or Liechtenstein. As well as the actions all travellers need to take, there are extra actions if you are travelling for business. Business travel includes…Read More

What do we expect from the Budget?

Posted 25/10/2021 More tax rises on Wednesday? Over the last year we have learnt that corporation tax will increase in 2023 and that there will be a 1.25% rise in National Insurance Contributions (NICs) from April 2022 paid by employers, employees, self-employed and for those with share dividend income.  Personal allowances have been frozen at…Read More

Changes to Statutory Sick Pay Rebate Paid to Employers Due to COVID-19

Posted 18/10/2021 Please be aware that the Coronavirus Statutory Sick Pay Rebate Scheme only applies to employees who were off work due to COVID-19 on or before 30/09/2021. In line with the Coronavirus Job Retention Scheme, both ceased to provide support as of 30/09/2021. However, employers may not be aware of their continuing financial support…Read More

Time to Get Ready for Self-Assessment

Posted 15/10/2021 The deadline to complete a tax return for the 2020 to 2021 tax year is approaching. The tax return deadline for the 2020 to 2021 tax year is 31/10/2021 for those completed on paper forms and 31/01/2022 for online returns. This year, you will also have to declare if you received any grants…Read More

Plastic Packaging Tax Starts 1 April 2022

Posted 24/09/2021 If you are a business that manufactures or imports 10 or more tonnes of plastic packaging over a 12-month period you will need to register for the tax. This is regardless of whether you will have to pay any tax. This includes importers of packaging which already contains goods, such as plastic bottles…Read More

Coronavirus Job Retention Scheme (CJRS) closes on 30th September

Posted 21/09/2021 The CJRS is due to close on 30th September 2021. For September, employers can claim 60% of furloughed employees’ usual wages for the hours not worked, up to a cap of £1,875 per month per employee. They’ll need to contribute 20% from their own funds so that furloughed employees continue to be paid…Read More

Introduction of Health & Social Care Levy

Posted – 20/09/2021 From April 2022 there will be a temporary 1.25% rise in National Insurance Contributions (NICs) paid by both employers and workers. From April 2023, this will then be replaced by a new 1.25% Health & Social Care Levy which will be shown as a separate line on an employee’s payslip. Individuals above…Read More

Residential Property Capital Gains Tax

Here is a quick reminder on reporting the sale of residential property… Whoever said that tax was simple! You now need to report the sale of residential property and any capital gain arising to HM Revenue & Customs within 30 days of the sale, you will also need to make payment of any tax due…Read More

Changes to the Coronavirus Job Retention Scheme (CJRS) from July

Posted 15/06/2021 The UK Government will continue to pay 80% of your furloughed employees’ usual wages for the hours not worked, up to a cap of £2,500 per month, to the end of June. In July, CJRS grants will cover 70% of employees’ usual wages for the hours not worked, up to a cap of…Read More

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