The rules around the various tiers continue to change. To help you understand what you can and cannot do under England’s tiered system, please use our helpful chart: Tier 1 – Medium Tier 2 – High Tier 3 – Very High Tier 4 – Stay at Home Socially mixing Indoors Permitted but rule of six […]
Everyone at Davis Grant wants to wish you all the best in this coming holiday season!
Our office will be closed from 24 December to 3 January, and we are back open on the 4 January 2021. Thank you for being part of our family this year and working with us to get through these strange times. We’ve put together a short eBook, providing some light reading, reflection activities (to harness any […]
COVID-19: enhanced payment plans for Self-Assessment individuals
To help reduce any financial stresses as a result of the pandemic, HM Revenue & Customs (HMRC) has amended the instalment arrangements for paying tax liabilities for Self-Assessment taxpayers – increasing the threshold from £10,000 to £30,000.
Scammers are targeting Self-Assessment taxpayers, says HMRC
HM Revenue & Customs (HMRC) is calling on Self-Assessment taxpayers to keep a look out for scammers posing as the tax authority. HMRC has said that scammers are using calls, emails and texts to contact individuals in the run-up to the tax return deadline on 31 January 2021. During the last year, HMRC responded to […]
Eat Out to Help Out compliance checks underway
More than 84,700 food and drink establishments took part in the Eat Out to Help Out (EOTHO) scheme, according to the Treasury’s latest figures. This resulted in 130,000 claims at the end of the scheme and is estimated to have cost the Treasury around £522 million. The claims system was set up quickly by HM Revenue […]
Businesses face legal action over unpaid business rates
Local authorities have begun to take legal action against businesses that fail to pay their business rates bills. A new report from property consultancy Colliers has shown that an increasing number of businesses have begun to receive letters demanding payment and/or a court summons. In response, many businesses have started to appeal their business rates […]
HMRC publishes consultation on MTD for Corporation Tax
A new consultation has been published by HM Revenue & Customs (HMRC) which explores how the core principles of Making Tax Digital (MTD) can be applied to Corporation Tax (CT). Within the new consultation document, HMRC has made it clear that MTD for CT is a means of tackling the underpayment of tax, especially among […]
HM Revenue & Customs issues Capital Gains Tax reminder
HM Revenue & Customs (HMRC) has issued a reminder of recent changes to Capital Gains Tax (CGT) to taxpayers and the impending deadline for reporting profits from sales of residential property in the 2019-20 tax year. Various changes to how CGT is reported and paid came into effect at the start of the current tax […]
Virtual Christmas parties eligible for £150 annual function exemption
HM Revenue & Customs (HMRC) has confirmed that virtual Christmas parties will be eligible for the £150 annual function exemption that employers often put towards in-person festivities at this time of year. Typically, employers can make use of the exemption for a Christmas party, as long as it is open to all employees, or all […]