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03-12-2020
HMRC’s Annual Tax Summary

HMRC’s Annual Tax Summary

The Annual Tax Summary is a document provided by HMRC that provides details on the tax you pay and how this is used by government. The Annual Tax Summary shows: your taxable ... read more

03-12-2020
Pay January tax by instalments

Pay January tax by instalments

The deadline for submitting your 2019-20 Self-Assessment tax returns online is 31 January 2021. You should also be aware that payment of any tax due should also be made by this ... read more

03-12-2020
Confirmation of Minimum Wage increases 2021

Confirmation of Minimum Wage increases 2021

The Chancellor used the recent Spending Review to confirm that increased National Minimum Wage and National Living Wage rates will come into effect on 1 April 2021. From 1 April ... read more

03-12-2020
EU exit - did you read this letter?

EU exit - did you read this letter?

The Secretary of State for Business, Energy and Industrial Strategy, Alok Sharma has written a letter to businesses in the professional services sector. The letter (available in ... read more

03-12-2020
Deadlines for paying deferred VAT

Deadlines for paying deferred VAT

The coronavirus VAT payment holiday gave businesses the chance to defer the payment of any VAT liabilities between 20 March 2020 and 30 June 2020. The option for businesses to ... read more

03-12-2020
New advisory fuel rates published

New advisory fuel rates published

Advisory fuel rates are intended to reflect actual average fuel costs and are updated quarterly. The rates can be used by employers who reimburse employees for business travel in ... read more

03-12-2020
Treasury directive re third SEISS grant

Treasury directive re third SEISS grant

HM Treasury has published a further Treasury Direction made under the Coronavirus Act 2020, ss. 71 and 76, which modifies and extends the effect of the Self-Employment Income ... read more

03-12-2020
Accounting and Reporting standards from 1 January 2021

Accounting and Reporting standards from 1 January 2021

The Department for Business, Energy and Industrial Strategy (BEIS) and the Financial Reporting Council (FRC) have jointly published a letter to the accounting and audit sectors ... read more

03-12-2020
Recent case re late filing appeal

Recent case re late filing appeal

The First-tier Tribunal (FTT) has dismissed a taxpayer’s appeal for having a reasonable excuse. The taxpayer applied out of time for permission to appeal against penalties imposed ... read more

02-12-2020
Supply chains, a predictive approach for 2021

Supply chains, a predictive approach for 2021

One of the more positive aspects - perhaps the only positive aspect - of COVID disruption has been the movement away from fixed systems to more flexible systems to cope with the ... read more