Companies House Filing Fee Increases from May 2024
From Wednesday 1st May 2024 the revised Companies House filing fees will come into effect.
Annual R&D stats have been released by HMRC
The stats also highlight the number of SME’s claiming under RDEC for subcontracted or subsidised work and who will likely lose their claims under the proposed merged scheme. The legislation for the merged scheme as currently drafted follows the ex...
Fraud: What to do if HMRC ask you to use their Contractual Disclosure Facility
Let’s cut to the chase: if HMRC writes to you asking you to use their Contractual Disclosure Facility (CDF), then it’s likely that you’re under initial investigation for fraudulent tax activities. If this happens, it’s crucial that you do two thin...
Tax news update – mini budget September 22
In a week that began seeing the nation come together to bid farewell to our longest serving monarch, Queen Elizabeth II, we also waved farewell to the planned tax hikes as well as further tax cuts elsewhere. Oh and not forgetting another interest ...
R&D Tax Reliefs – Get Organised
Rishi Sunak’s Spring Budget identified that R&D tax reliefs can be part of the effort to help the country bounce […]
HMRC urge businesses to carry out due diligence into their labour supply chain
To increase compliance with the off-payroll working rules in the private and voluntary sectors, organisations receiving an individual’s services (where the individual works through their own intermediary, most commonly their own limited company) a...
2 things you MUST be aware of if you are taking advantage of the furlough scheme or deferral of VAT
One of the major changes to the furlough scheme when it was extended originally to end of March 2021 and then to end of April 2021, is the publication of information about employers who are claiming under the furlough scheme. As such, employers w...
Government Furlough Scheme Extended By Four Months
The changes to the current scheme will become clearer in the days and weeks ahead, but following a series of tweetson Rishi Sunak's account this afternoon, what we can tell so far is that the extension to the scheme is designed to offer flexibilit...
Huge support for UK plc: COVID-19. What action should you take NOW? ***UPDATED 27th APRIL 2020***
Coronavirus Job Retention Scheme Under the Coronavirus Job Retention Scheme, all UK employers will be able to access support to […]
Company car drivers – could you reduce the benefit in kind charge during lockdown?
BMW 530i 2.0 with a retail price of £42,620 would attract annual tax of £4,944 for a higher rate tax payer. This means a saving of £1,236 for the employee and a further £426 for the employer for every 3 months the car is not in use.