By Tom Maxwell In Advice, Blog, NewsPosted 10/01/2022 Over £700 million funding for businesses impacted by Omicron variant. The government have delivered over £700 million to local authorities for businesses impacted by Omicron. Companies in the hospitality, leisure, and accommodation industries, many of whom have [...] 0 Read More
By DBS In Advice, BlogPosted 10/01/2022 The rise of inflation and interest rates- What this means for businesses Inflation and interest rates have been major topics in the news recently. Inflation is surging in the UK as well as in other parts of the western world, mainly down to the ongoing COVID [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 10/01/2022 HMRC announces one-month self-assessment penalty waiver HMRC has stated that for 2020/21 self-assessment tax returns submitted online by 28 February 2022, there will be no late filing penalties. However it’s worth noting that, beginning 1 [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 22/12/2021 Support for the Hospitality Sector £1 billion in support for Omicron-affected firms across the UK. Businesses in the hospitality and leisure industries in England will be eligible for one-off payments of up to £6,000 per site, [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 22/12/2021 SSP Rebate Scheme Reintroduced The government has stated that the Statutory Sick Pay (SSP) Rebate Scheme will be reintroduced, allowing firms with fewer than 250 employees and had a PAYE payroll scheme open on or before 28 [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 17/12/2021 SSP self-certification period temporarily extended Employees will be able to self-certify for up to 28 days commencing 17 December 2021, and ending 26 January 2022, thanks to a change to the Statutory Sick Pay (SSP) Regulations. This will apply [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 16/12/2021 No tax exemption for flu vaccine reimbursements The expense of vaccinations in the workplace or providing a voucher for employees to get vaccines at a pharmacy is tax-deductible since it falls within the trivial benefit guidelines. During the [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 13/12/2021 Time to pay self-serve limit remains at £30,000 We would like to remind you that limit for a self-serve time-to pay plan, which was raised during the pandemic to £30,000 tax due, remains unchanged. If you are unable to pay your 2020/21 [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 06/12/2021 Prepare for full customs declarations for EU imports and exports Following the UK’s exit from the EU’s single market and customs union, border controls with the EU are being phased in. As detailed below, the next change will take effect on 1 [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 01/12/2021 Guidance in response to HMRC’s debt collection action. We are aware that some taxpayers are getting unannounced visits from HMRC’s bailiff teams (known as ‘field force’) as the governments softer approach to debt collection and time [...] 0 Read More