At the start of April, the Government will introduce the new super-deduction and special rate first-year allowance to help businesses invest in qualifying plant and machinery, as the nation looks to rebuild. This new capital allowance scheme will be available to companies from 1 April 2021 to 31 March 2023, offering them an incentive to […]
Self-employed who missed extended tax return deadline “not eligible” for SEISS support, HMRC reveals
Self-employed taxpayers who failed to file their tax return by 02 March 2021 will not be entitled to further support under the Self Employment Income Support Scheme (SEISS), it has been revealed.
Newly self-employed asked to complete pre-verification checks before applying for fourth SEISS grant
Newly self-employed taxpayers may be required to undergo pre-verification checks before they can access the fourth self-employment income support (SEISS) grant, it has been revealed.
The Coronavirus Business Interruption Loan Scheme – Apply Today!
The Coronavirus Business Interruption Loan Scheme (CBILS) has played an essential role in supporting businesses through the pandemic, providing billions of pounds of funding to businesses. However, the CBILS is now due to end on 31 March 2021, after which no further applications for the scheme can be made. The replacement Recovery Loan scheme looks like […]
Reporting under DAC 6 required for “limited time” as HMRC transitions to international disclosure rules
HM Revenue & Customs (HMRC) has confirmed that the UK will replace the European Union cross-border tax arrangement rules “as soon as practicable”, but some aspects will continue to be enforced for a “limited time”. In an update to agents, the regulator said it will consult on and implement the Organisation for Economic Co-operation and […]
Keep your supply chain strong with three top tips
With manufacturing slowing and anxiety growing, reinforcing your supply chain post-Brexit has never been more important. Many different factors can affect a supply chain, not least the complications created by the new customs and trade arrangements. Here are our three top tips to keeping your business moving post-Brexit and beyond. Know your business inside out […]