HMRC
Can I save money by leasing a car through my company?
Jun 29, 2020
Is it cheaper to lease a car through a limited company? It’s a question we’re often asked, but the answer isn’t quite so straightforward. Leasing a vehicle in any shape or form can save you money and improve cash flow by ...
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Stamp duty: Government relaxing three-year rule for reclaiming surcharge for exceptional circumstances in relation to COVID-19
Jun 15, 2020
The Government is relaxing the three-year rule for reclaiming the Stamp Duty Land Tax (SDLT) surcharge for exceptional circumstances where a property could not be sold during the three-year time limit because of the impact of the coronavirus pandemic. Under the ...
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Check your eligibility and make a Self Employment Income Support Scheme claim
May 14, 2020
HM Revenue & Customs is currently contacting eligible individuals regarding the Self Employment Income Support Scheme (SEISS) so that they can begin the application process. You may be eligible for the scheme if: Your trading profits are no more than £50,000, ...
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Self-Employment Income Support Scheme open for business
May 13, 2020
The Self-Employment Income Support Scheme (SEISS) is now open for business, weeks ahead of schedule. First announced in March, the landmark capital grant scheme is designed to help self-employed workers affected by Covid-19 recover from financial distress. According to HM Treasury, the ...
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COVID-19: The impact on company car benefit in kind
May 06, 2020
Due to the coronavirus pandemic, many people in the UK are now working from home or have been placed on furlough leave, meaning that they are not using their employer-provided company car. But what is the impact on the benefit ...
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Zero-rate of VAT applied to sales of PPE from today
May 01, 2020
The tax on personal protective equipment purchased by care homes, businesses, charities and individuals will be cut from today, it has been announced. According to HM Treasury, PPE, such as face masks and gowns, will be zero-rated for VAT from 01 ...
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IR35: House of Lords committee calls for reform of off-payroll working rules
Apr 30, 2020
A House of Lords committee report that is reviewing the planned changes to the IR35 off-payroll working rules has called for a reform of the rules, stating that there are ‘inherent flaws’ in the legislation. IR35 was intended to be introduced ...
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Businesses who defer VAT payments should continue to file returns as usual, says HMRC
Apr 28, 2020
Businesses who have deferred VAT payments until the end of June 2020 should continue to file Making Tax Digital (MTD) returns as normal, the regulator has confirmed. The guidance comes after the Government announced that all businesses severely affected by Covid-19 ...
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COVID-19 – HMRC relax inheritance tax process
Apr 17, 2020
HM Revenue & Customs (HMRC) has announced changes to the inheritance tax (IHT) process to ensure minimal disruption because of the coronavirus pandemic. The changes come as a result of the current lockdown measures and aim to ensure that the IHT ...
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Deferring VAT – HMRC confirms businesses should cancel VAT direct debits
Mar 25, 2020
Following the Government’s announcement that businesses will be able to defer VAT payments for the period from April – June, HM Revenue & Customs (HMRC) has now confirmed that businesses should cancel direct debits for VAT if they want to ...
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