Directors will need to verify that they are real people before they can act for a company, according to new proposals.
Reclaiming your time: steps to take to increase efficiency and achieve goals
With everything that 2020 and the coronavirus pandemic has thrown our way, you must consider taking steps to reclaim your time to achieve any business-related goals you have.
HMRC temporarily suspends activation code requirement for new Self Assessment taxpayers
New Self Assessment taxpayers will no longer need to wait for an activation code to be sent in the post before they can access their personal tax account, it has been revealed.
HMRC may waive penalties on late corporation tax returns caused by Covid-19 disruption, ICAEW reveals
HM Revenue & Customs (HMRC) may waive penalties for businesses who file late corporation tax returns as a result of Covid-19 disruption, it has been revealed.
UK launches points-based post-Brexit immigration system
The UK’s new points-based immigration is now live to help businesses as they prepare for the end of the Brexit transition period on 31 December 2020. The new system outlines who can work in the UK once the free movement agreement with the EU ends on 1 January 2021. There are several new Immigration categories […]
Business Secretary writes to professional services sector ahead of end of Brexit transition period
The Business Secretary has written to the professional and business services sector warning them about the actions they need to take to prepare for the end of the Brexit transition period. With just a month to go, the letter, titled Are You Ready For New Rules For Business With The EU, sets out the key […]
HMRC updates Statutory Residence Test due to COVID-19
New guidance has been issued by HM Revenue & Customs (HMRC) which alters how the Statutory Residence Test (SRT) for tax will operate as a result of the COVID-19 pandemic. The latest COVID-19 guidance is likely to affect taxpayers’ ability to move freely into and out of the UK, which could affect their status under […]
Coronavirus: Pubs in tier two and three areas set to receive new £1,000 grant funding
Pubs that principally serve alcohol in tier two and three areas are set to receive additional financial support over the Christmas period following an announcement by the Government.
Advisory Fuel Rates: updates from 1 December 2020
HM Revenue and Customs (HMRC) has updated the Advisory Fuel Rates (AFRs) which come into effect on 1 December 2020, for company car drivers requiring fuel costs from their employer. However, you can use the previous AFRs for up to one month from the date of the new rates.