Brexit Planning

The UK is scheduled to leave the EU single market and customs market on 31 December 2020. After this date, the UK will no longer be following EU rules. The period leading up to the 31 December (known as the ‘transition’) and the months following this date are likely to affect your business particularly if […]

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Coronavirus Update

Following on from our last post here is another update for all clients and interested parties to update on the changes over the last week.  Most notably there is the support for businesses including the Job Retention Scheme (Furlough) to fund 80% of employee wages and last night the announcement of the Coronavirus Self Employment […]

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Coronavirus Advice & Useful Links

Due to the Coronavirus outbreak, businesses and employees are struggling to know where to turn for help, and so we have compiled a list of links from the Government and other sources which may provide you with some useful guidance. Please bear in mind that this list is not exhaustive, and in most cases the […]

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January Key Tax Dates

1 – Due date for payment of Corporation Tax for the year ended 31 March 2019 14 – Return and payment of CT61 tax due for quarter to 31 December 2019 19/22 – PAYE/NIC, student loan and CIS deductions due for month to 5th January 2020 or quarter 3 of 2019/20 for small employers 31 – Deadline for filing […]

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January questions and answers

Q. I am the sole director and shareholder of a limited company, which has been trading for many years. Last year, I took an extended holiday and travelled around the world with my wife. We were away for twelve months in total. Whilst I was away the company continued to collect outstanding payments, but it did […]

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Payroll issues explained

In the December 2019 issue of Employer Bulletin, HMRC set out the action required to avoid any problems when merging or changing ownership of a business, to ensure all employees’ payroll details are transferred to the new business. When a business merges or changes ownership, employers have to contact HMRC to confirm if the business change should […]

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Another IR35 loss for HMRC

HMRC have faced another defeat in a tax case involving the IR35 intermediaries’ legislation. In RALC Consulting Ltd v HMRC (2019) TC 07474, the First Tier Tribunal (FTT) allowed an appeal against HMRC’s determination that IR35 applied because of a ‘hypothetical contract’ between various parties making up a service provider chain lacked the requisite ‘mutuality of obligation’. RALC […]

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HMRC advisory fuel rates from 1 December 2019

HMRC have published company car advisory fuel rates for use from 1 December 2019. The rates apply when employers reimburse employees for the cost of fuel for business travel in their company cars or require employees to repay the cost of fuel used for private travel. HMRC review rates quarterly on 1 March, 1 June, 1 […]

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What does the General election mean for tax?

Following the General election on 12 December, Prime Minister Boris Johnson has confirmed that Sajid Javid remains as Chancellor of the Exchequer and no other changes at HM Treasury have been announced. The Prime Minister has however, confirmed that a more significant cabinet reshuffle will take place after the UK leaves the EU on 31 […]

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