By Tom Maxwell In Advice, Blog, NewsPosted 31/01/2022 HMRC guidance on VAT place of supply of services HMRC have recently updated their internal VAT manual to clarify the “place of supply” rules for services. This is one of the most complex areas of VAT legislation and of course the rules changed [...] 0 Read More
By Tom Maxwell In Advice, Blog, News, Tax TipsPosted 31/01/2022 Personal tax planning ahead of April 2022 The costs of keeping the country running through covid were huge and inflation is expected to add to the country’s debt. The Office for Budget Responsibility has indicated that the treasury will [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 25/01/2022 Prepare your business for Making Tax Digital (MTD) for VAT Making Tax Digital for VAT becomes mandatory for all VAT registered businesses from 1 April 2022 Businesses with a taxable turnover above £85,000 have already been required to follow Making Tax [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 24/01/2022 Gove closes tax loophole on second homes Owners of second homes who abuse a tax loophole by claiming their often-empty properties are holiday lets will be forced to pay under new measures announced by the government. Currently, owners [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 20/01/2022 The Statutory Sick Pay Rebate (SSPR) service is now open. If you employed fewer than 250 employees on 30 November 2021 and have paid Statutory Sick Pay to your employees for COVID related sickness absences, you could be eligible for a rebate. Employers [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 19/01/2022 Be careful of rebate claim agents and fake refund promises. The rapid growth of tax rebate claim agents is raising concerns after recent flurry of fraudulent activity by tax refund companies. Some businesses appear to be taking advantage of tax relief [...] 0 Read More
By DBS In Advice, BlogPosted 18/01/2022 Electric Cars- is it time for your business to invest? There has potentially never been a better time to introduce electric company cars to your business. The government has recently announced a range of measures in order to encourage more businesses [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 18/01/2022 Paying back a Self-Employment Income Support Scheme (SEISS) grant There is a new section in the SEISS guidance called ‘If you still need to make a claim’. If you’ve not been able to make a claim due to an HMRC error or other exceptional circumstances, you must [...] 0 Read More
By Tom Maxwell In Advice, BlogPosted 18/01/2022 What’s Your Exit Strategy? The ultimate aim of every serious business person is to build a company that has value, so that it can be sold or transferred, allowing the entrepreneur to exit gracefully and profitably. [...] 0 Read More
By Tom Maxwell In Advice, Blog, News, PayrollPosted 13/01/2022 National Living Wage and National Minimum Wage rates for 2022 The UK Government have announced the rise in the National Minimum Wage and National Living Wage from April 2022. In full, the increases are: National Living Wage (23+) to increase from £8.91 to [...] 0 Read More