Reduce your corporation tax bill if you buy assets - Super-Deduction The government wants to encourage companies to invest in assets to help them expand and improve productivity. In order to do this, they are allowing a 130% ... [Continue Reading]
Budget 2021 – First impressions
BUDGET – MORE DETAIL TO FOLLOW The Chancellor has delivered his budget without any real surprises. A lot of detail needs to be added and will probably emerge in the next few weeks or months. Some of the main points which may affect our clients ... [Continue Reading]
Domestic Reverse Charge
Domestic Reverse Charge - What's that? Any CIS (Construction Industry Scheme) Contractor or Subcontractor who is also VAT registered should read our more comprehensive page covering Domestic Reverse Charge. The regulations governing this start ... [Continue Reading]
ReceiptBank
Save time and money with ReceiptBank One of the major time savers for businesses has been the ability to extract information from invoices and receipts, automatically feed the data into software - and save a copy of the document. We recommend ... [Continue Reading]
Import_export
Goods to and from abroad HMRC has produced some short videos about sending goods overseas and receiving goods from overseas. This is only a quick summary so, if you need to discuss these further, feel free to contact us. Sending goods ... [Continue Reading]
Job Support Scheme – First Thoughts
Information on the Job Support Scheme is sketchy to say the least. The scheme was only announced yesterday and the Factsheet issued by HMRC shortly afterwards is relatively short (four pages). It refers to further guidance to follow. If you want ... [Continue Reading]
VAT Rate Reduction
VAT on sales is being reduced for hospitality, hotel and accommodation and attractions businesses. The reduction is substantial – down to 5%. It is effective from Wednesday – 15 July – and will last until 12 January 2021. Both these dates are in the ... [Continue Reading]
Eat Out to Help Out
Eat Out to Help Out starts in August. A 50% discount to your customers should help. To qualify for government support for the scheme, your business needs to be registered. Registration starts on Monday, 13 July. If you want to be able to offer the ... [Continue Reading]
Furlough – July 2020
The guidance for the Furlough scheme (CJRS) has been updated on 12 June, as promised. However, the updated guidance still leaves questions unanswered. This is an outline of the main points of the scheme from 1 July: Claim periods must be for ... [Continue Reading]
SELF-EMPLOYED SUPPORT
An extension to the Self-Employed Income Support Scheme (SEISS) was announced by the chancellor, Rishi Sunak, as part of his announcement on Friday. Many representations have been made and the government has listened. The scheme is being ... [Continue Reading]
