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01-07-2020
Updated HM Treasury instructions re: CJRS

Updated HM Treasury instructions re: CJRS

On 26 June 2020, the Chancellor, Rishi Sunak made a further (third) Treasury Direction under sections 71 and 76 of the Coronavirus Act 2020 concerning the Coronavirus Job Retention ... read more

01-07-2020
Government support for pubs, cafes and restaurants

Government support for pubs, cafes and restaurants

The government has confirmed a further easing of lockdown as pubs, cafes, restaurants, hotels, hairdressers and cinemas have been given permission to reopen in England from 4 July. ... read more

01-07-2020
Financial help for debt advisers

Financial help for debt advisers

The government has announced that an extra £37.8 million will be made available to support debt advice providers during 2020-21. The distribution of the money will be ... read more

01-07-2020
Reporting Capital Gains on residential property

Reporting Capital Gains on residential property

The Capital Gains Tax (CGT) reporting and payment date for UK residents that sell a residential property changed from 6 April 2020. This change means that any CGT due on the sale ... read more

01-07-2020
Vehicle MOT dates

Vehicle MOT dates

The government has announced that mandatory MOT tests for car, motorcycle and van owners in England, Scotland and Wales are to be reintroduced from 1 August 2020. This means that ... read more

01-07-2020
Trusts and CGT

Trusts and CGT

A trust is an obligation that binds a trustee, an individual or a company to deal with the assets such as land, money and shares which form part of the trust. The person who places ... read more

01-07-2020
IHT exemption for gifts out of income

IHT exemption for gifts out of income

It is possible for wealthier taxpayers to take advantage of the IHT exemption for gifts and payments that are paid as normal expenditure out of income. This is a very flexible ... read more

01-07-2020
Stock valued at net realisable value

Stock valued at net realisable value

One of the acceptable methods to value stock is at the lower of cost and net realisable value (NRV). NRV is broadly defined as the estimated selling price of an asset less any ... read more

30-06-2020
Shielding measures to be relaxed in England from 1 August 2020

Shielding measures to be relaxed in England from 1 August 2020

From 1 August 2020 onwards, it is intended that the shielding programme will be paused in England so clinically extremely vulnerable people will no longer be advised to shield. ... read more

30-06-2020
What are debits and credits?

What are debits and credits?

You may have come across the terms debit and credit and perhaps wondered exactly what do they mean? Certainly, if you are a bookkeeper or accountant you will or should understand ... read more