News

HM Revenue & Customs (HMRC) writes to 3,000 employers over furlough claims
HM Revenue & Customs (HMRC) is reportedly writing to 3,000 employers over claims they have made for grants from the Coronavirus Job Retention Scheme (CJRS). The ICAEW
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Four in five SMEs are confident over their Coronavirus recovery
Four in five UK small to medium-sized enterprises (SMEs) are confident that they will recover from the Coronavirus pandemic, according to research by Starling Bank and the
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The first Child Trust Funds (CTFs) can now be claimed
The first Child Trust Funds (CTFs) are set to mature in September allowing those turning 18 to access their fund for the first time. CTFs were tax-free
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Key dates for the Coronavirus Job Retention Scheme
As the Coronavirus Job Retention Scheme (CJRS) is slowly wound down by the Government, businesses must adapt their PAYE reporting and payroll function to reflect the required
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Advisory Fuel Rates for next quarter come into effect
A new set of Advisory Fuel Rates for the next financial quarter are now in effect as of 1 September 2020. These rates apply to any employee
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More than £1 billion in tax reliefs for creative industry
According to the latest official figures from HM Revenue & Customs (HMRC), a total of £1.1 billion was paid out in tax reliefs for the creative sector
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Change to Companies House bank details
Companies House has changed its bank details with effect from 1 September 2020 following a technical change to the way it is funded. Letters sent by Companies
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Banks list top 10 Coronavirus scams
Throughout this ongoing pandemic, fraudsters have attempted to play on people’s fears to try and trick them out of their hard-earned cash. Now UK Finance, the trade
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Reminder: VAT payment deferral period has ended
The financial support offered by the Government through the VAT payment deferral scheme has come to an end. This period, which was intended to support businesses struggling
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HM Revenue & Customs sets out details of penalties for breaches of furlough and self-employment scheme rules
HM Revenue & Customs (HMRC) has set out full details of the penalties that will apply to employers and self-employed individuals who are found to have breached
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HM Revenue & Customs sets out Making Tax Digital plans for VAT and Income Tax
HM Revenue & Customs (HMRC) has set out its plans for the future of the Making Tax Digital (MTD) programme, with confirmation of the timeline for the
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Small business Covid recovery boosted by £20million in new grants
The Government has announced new grants aimed at smaller businesses in England worth £20 million, to help them obtain the support they need to recover from the
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