New financial support measures announced

The Chancellor, Rishi Sunak, has delivered his third major statement to the House of Commons in less than a month ...
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When you can or can’t use the VAT Cash Accounting Scheme

Under standard VAT accounting, VAT is payable on sales whether or not the customer has paid and can lead to ...
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Starting rate of Income Tax for savings

In the current tax year, anyone with taxable income of less than £17,500 will have no tax to pay on ...
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Distributions in anticipation of striking off rules

The Extra Statutory Concession (ESC) - C16 was a well-used extra-statutory concession that allowed company directors to treat final distributions ...
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Clock ticking on the Annual Investment Allowance

The Annual Investment Allowance (AIA) allows for a 100% tax deduction on qualifying expenditure on plant and machinery to be ...
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Brexit countdown exporters

The Brexit transition period is due to end on 31 December 2020 and this means that the process for exporting ...
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Brexit countdown importers

As we have reported previously, the UK government has confirmed that it will neither accept nor seek any extension to ...
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Closing a limited company

There are a number of reasons why you may decide to close your limited company. This could be because a ...
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New cashback scheme proposed

The government has announced plans to allow customers to get cashback from shops without needing to make a purchase. At ...
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Gaming behind the wheel?

Unbelievably, it has been illegal to make phone calls or text while driving a car, but not illegal to play ...
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Last orders please…

From 1 January 2021, UK businesses that export, import or transport goods to and from the EU will need to ...
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Time To Pay limits increased

One of the measures announced by HMRC at the start of the coronavirus pandemic was the introduction of emergency measures ...
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Donating land, property or shares to a charity

There are special rules in place for taxpayers who gift land, property or certain shares to charity. This can include ...
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Companies House warn of delays in postal submissions

Company filing deadlines were extended for companies with filing deadlines between 27 June 2020 and 5 April 2021. Companies House ...
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Are your construction clients ready for reverse charge changes?

New VAT rules for building contractors and sub-contractors come into effect from 1 March 2021. The new rules will make ...
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New three-tier COVID-19 alert levels

On 12 October, the Prime Minister announced the introduction of a new three-tier system of local COVID-19 alert levels across ...
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Applying for Green Homes Grants

Home owners and landlords in England can apply for a grant to make their home more energy efficient. The Green ...
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Students warned of tax scams

HMRC is warning new students starting university that they could be targeted by scammers trying to steal their money and ...
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