One of the more innovative aspects of the recent March budget was the introduction of the rather grandly named super-deduction. Limited companies that invest in qualifying assets in the two-year period 1 April 2021 to 31 March 2023, will be...
One of the more innovative aspects of the recent March budget was the introduction of the rather grandly named super-deduction. Limited companies that invest in qualifying assets in the two-year period 1 April 2021 to 31 March 2023, will be...
To reduce costs for UK firms that import certain goods from abroad, the Department for International Trade (DIT) has announced a new tariff suspension scheme. The aim, according to a recent press release, is designed to make UK companies more...
The government is helping shut the door on social media scammers trying to plunder people’s pensions under new scam prevention measures due this autumn. Under the plans, suspicious requests could be stopped if pensions savers have been approached to access...
Fingers crossed that the present rise of the Indian COVID variant is restricted to localised outbreaks and that the intended relaxation of lockdown will generally go ahead as planned from 17th May. It would be a cruel irony if businesses...
A reminder that HMRC have set out detailed guidance for the self-employed who may have over-claimed any of their Self-Employed Income Support Scheme (SEISS) grants. The guidance is reproduced below: You must tell HMRC if, when you made the claim,...
Limited companies are owned by shareholders and managed by directors. Very often, especially in the case of smaller companies, the owners and managers (shareholders and directors) are the same persons. Unfortunately, each has separate roles and responsibilities. For example, as...
For some time now, HMRC have had the power to claw back some or all of the Child Benefits you receive if either parent’s income exceeds £50,000. The benefit is recovered by the High Income Child Benefit Charge (HICBC). This...
Everyone in business that handles personal data must register for data protection purposes with the Information Commissioners Office. Most business will need to pay an annual fee of £40 or £60 but this can rise to £2,900. Some organisations only...
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...
One or more charities can set up a subsidiary trading company to trade on their behalf. This may be a useful strategy if your charity: makes profits on trading that is not linked to its primary purpose makes a profit...