News / Updates

Below is a brief roundup of new support for businesses and closing deadlines for existing packages. Please follow the links to find out more.

The government has now published further guidance about existing support packages. Below is a brief roundup, but please follow the links to learn more.

The Chancellor today delivered his Summer Statement, which detailed a number of measures to help the UK economy rebuild. Here we summarise some of the key announcements.

The government has now published further guidance about existing support packages. Here is a brief roundup, but please follow the links to learn more.

The government has now published further guidance about existing support packages and some new support measures. Here is a brief roundup, but please follow the links to learn more.

Latest COVID-19 updates from the government.

The government is increasing the National Minimum and National Living Wage rates on 1 April 2020.

The new Chancellor delivered a packed budget for 2020 as the Conservatives apparently vowed to get their promises done. Below are some of the highlights for businesses from April 2020.

Capital Gains Tax changes for residential property - April 2020

If you're not working or earning over £6,136 per year, making a claim for Child Benefit can help protect entitlement to your State Pension.

There have been a number of high profile court case recently regarding National Minimum Wage (NMW), where employers have been found to be underpaying staff because they hadn’t considered the legislation carefully enough.

The government is increasing the National Minimum and National Living Wage rates on 1 April 2019.

The minimum total contributions under automatic enrolment set down by the Government are set to increase from 6 April 2019.

Small business owners often pay their spouse, partner or other family members a nominal salary for helping out in the business, particularly if the individual being paid doesn't have other income in excess of their tax free personal allowance.

However, a recent court case William McAdam v HMRC worryingly highlights how far HMRC will go to disallow wages paid to family members if they don't believe the wages represent a realistic and commercial amount for the level of hours input.

The Chancellor delivered his latest budget yesterday and this year there was far more news of interest to small businesses and the self employed. Much of this was positive, including:

With the changes to the Flat Rate Scheme last year, many small businesses are now having to understand more about when they can reclaim VAT on business expenses. VAT incurred on gifts, trivial benefits and entertaining is a common quandary, so we have highlighted some important points for review.

It has been delayed a number of times, but it now looks likely that the new Tax Free Childcare scheme will be rolled out from 4 October 2018. The old voucher schemes will be blocked to new entrants from the same date.

HMRC have released VAT notice 700/22 Making Tax Digital for VAT.

The government is increasing the National Minimum and National Living Wage rates on 1 April 2018. This includes the largest increases in a decade for the rates that apply to 18-20 and 21-24 year olds.

The minimum total contributions under automatic enrolment set down by the Government are set to increase from 6 April 2018.