Working parents struck by Covid-19 will be allowed to continue claiming Tax-Free Childcare, HMRC confirms
29 Oct 2020
Working parents who fall under the income threshold to claim Tax-Free Childcare as a result of Covid-19 will be allowed to continue receiving relief, it has been announced.
Read Full StoryBritish Airways handed “biggest ever” fine under General Data Protection Act
28 Oct 2020
British Airways (BA) has been fined £20 million after “failing to protect” the personal data of more than 400,000 of its customers, it has been announced.
Read Full StorySelf Assessment: HMRC recommends completing online returns ahead of the deadline
26 Oct 2020
Self Assessment individuals have 97 days left to complete their tax returns online before the deadline, but HM Revenue & Customs (HMRC) recommends completing it as early as possible.
Read Full StoryEmployers prepare to move to Job Support Scheme as Coronavirus Job Retention Scheme winds down
23 Oct 2020
Employers currently using the Coronavirus Job Retention Scheme (CJRS) should prepare to transition to the new Job Support Scheme from the start of next month, HM Revenue & Customs (HMRC) has said.
Read Full StoryHM Revenue & Customs publishes further details of the Job Support Scheme
23 Oct 2020
HM Revenue & Customs (HMRC) has published further details of the Job Support Scheme Open (JSS Open), announced by the Chancellor during his Winter Economy Statement in Parliament on 24 October and expanded upon in his later announcement in Parliament to support the new tiered COVID-19 approach. The JSS Open is intended to support businesses […]
Read Full StoryAnnual Investment Allowance – Time is running out
23 Oct 2020
Since 1 January 2019, the Annual Investment Allowance (AIA) for capital allowances has been £1 million – helping businesses to invest tax efficiently. However, from 1 January 2021, the AIA will fall back to just £200,000, reducing the amount of tax that can potentially be saved. By using the AIA, businesses can claim against most […]
Read Full StoryAccounting for mobile phone use
23 Oct 2020
During the last few months, to assist workers with working from home, many businesses have supplied a work mobile phone, but how should they account for this benefit? Typically, the provision of equipment, such as a mobile, could be considered a benefit in kind for tax purposes, however, an employee can benefit from an employer-provided […]
Read Full StoryTime to prepare (once again) for the VAT reverse charge
23 Oct 2020
In just a few months, more than 150,000 businesses connected to the construction industry will have to make a fundamental change to how they manage their VAT affairs. Although the world has been in lockdown, and with it, parts of the construction sector, the Government still intends to launch the VAT domestic reverse charge for […]
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