• 9 September, 2021

    Health and Social Care Levy

    Boris Johnson has announced a new 1.25% health and social care levy on earned income, with dividend rates increasing by the same amount. He said the levy would fix the long term problems of health and social care that have been... read more

  • 26 August, 2021

    National Minimum Wage

    HMRC have just published their list of the most ridiculous excuses for flouting the law regarding the National Minimum Wage. The most absurd excuses included:She does not deserve the National Minimum Wage because she only makes the teas and... read more

  • 24 August, 2021

    Tax on Electric Cars

    As most drivers of a company car will be aware, if you have any private use of the vehicle this will result in a significant Income Tax charge. The benefit charge is the way that HMRC levy tax on this... read more

  • 13 August, 2021

    Fifth SEISS Grant

    In its 2021 Budget the government announced that a fifth and final Self Employed Income Support Scheme (SEISS) grant would be made available for the period from 1 May 2021 to 30 September 2021.The online service to claim this has... read more

  • 27 July, 2021

    Tax Penalties

    The way HMRC calculates tax penalties is about to change. The changes will initially apply to VAT and Income Tax Self Assessment (ITSA). HMRC say this is to make tax penalties 'fairer and more consistent across taxes'. When Do Tax Penalties... read more

  • 13 July, 2021

    SEISS Grants Auto-correct

    Auto-correct activated From 19 June 2021 HMRC has been automatically correcting 2020/21 tax returns where the total amount of SEISS grants reported doesn’t match their records. It will then take them a while to process all of the tax returns submitted... read more

  • 3 May, 2021

    Recovery Loan Scheme

    A new Recovery Loan Scheme was launched 6 April 2021, to provide much needed liquidity to businesses affected by COVID lockdown measures. Under the scheme, loans of up to £10m are available. The minimum facility sizes vary, starting at £1,000... read more