News

Budget 2020
Budget summary - When Philip Hammond delivered the last Budget 499 days ago, in the midst of the Brexit negotiations, he could not have imagined that the
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Employment Allowance Changes come into effect from April
For more than half a decade the Employment Allowance (EA) has entitled employers to a maximum of £3,000 off their annual secondary Class 1 NIC bill. However,
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Bank overdrafts to become more expensive for some under new changes
The UK’s major banks and building societies are set to increase the interest they charge on overdrafts as part of a major change due to come into
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VAT charged on the sale of a business
There are many things to consider when selling a business, but what about the payment of VAT? VAT is charged on most transactions, but it is not
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Don’t forget EORI registration
The UK has now formally withdrawn from the EU and has until 31 December 2020 to agree new trade arrangements. At present, it is not possible for
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Small and medium builders to benefit from £1 billion housebuilding boost
Housing Secretary, Robert Jerick MP, has announced £1 billion in new loans to small and medium-sized builders to help them deliver new homes, under the banner of
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More than 1.3 million businesses are signed up to Making Tax Digital for VAT as soft landing ends
Since the implementation of Making Tax Digital (MTD) for VAT in April 2019, more than 1.3 million businesses with a turnover of £85,000 or more have been
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New 30-day Capital Gains Tax deadline set to come into effect
The deadline for reporting and paying Capital Gains Tax (CGT) arising from the sale of a residential property is set to be shortened drastically in April. Under
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Make the most of the Brexit implementation period
Now that the UK has left the EU, we have entered an implementation period that will last the rest of 2020, during which the UK’s future relationship
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Property tax implications of getting divorced
If you are in the process of getting divorced, it is likely that the tax considerations involved are not foremost in your mind. However, divorce can have
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When was the last time you checked your NIC record?
Most workers assume that their National Insurance Contributions (NICs), as reported by their employer or through their own records, are accurate and up to date. After all,
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Latest case highlights the dangers of not meeting workplace pension requirements
A recruitment business has been ordered to pay £10,890 after avoiding their automatic enrolment duties and misleading the Pensions Regulator (TPR). Hertfordshire-based SKL Professional Recruitment Agency Ltd’s
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