Month: November 2021

HomeNovember 2021

Christmas shopping warning

If you are buying Christmas gifts online this year, take care that you are not presented with unexpected VAT, excise duty or customs duty charges before you can take possession of your purchases. HMRC is urging shoppers to consider certain...

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Beware tax scams

HMRC have issued a press release that sets out the scale of criminal activity, convincing taxpayers to part with bank or personal details under threat of arrest or court action. The scale of these self-assessment scams is staggering, apparently over...

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Business exit planning

Unless you are committed to dying with your boots on, there will come a day when you desire to exit from your business and retire or try something different. The way that you organise your business, and in particular, the...

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New to import and export red tape?

If you are importing goods into the UK for the first time you may be advised to seek the assistance of a qualified customs agent. The process of creating and filing the correct documentation, such that the goods can pass...

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What are ULEVs?

ULEV expands to Ultra Low Emission Vehicles. It is an acronym that we will see on a more frequent basis as climate issues climb in importance. Most families have cars, some use commercial vehicles. The majority are presently fuelled by...

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Chips are down

Mention the words chips to most people and fried potatoes would come to mind.   Suggesting that there is a growing shortage of chips would no doubt generate a stampede to the local supermarkets. This sudden rise in demand would...

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Tired of slow internet connectivity?

In a recent press release the government confirmed that more than 500,000 rural homes in the UK are to receive access to better broadband plans. They said:   • 570,000 more rural premises in line for best broadband available via...

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Budget planning opportunities

It was difficult to find any changes proposed in the budget last week that gave rise to great optimism or that swept away the nagging feeling that we are not out of the woods just yet. We have summarised below...

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Changes in VAT rates for hospitality traders

The temporary reduced rate of VAT (5%), introduced to assist qualifying hospitality trades disrupted by COVID lockdown measures, was increased to 12.5% on 1 October 2021. Based on present information, from 31 March 2022, this 12.5% rate will revert to...

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Self-assessment tax deadline approaching

There are still two ways to submit your self-assessment tax return. Most taxpayers chose to file electronically, and if we file your tax return, this is the way we would file on your behalf. If you do file electronically, the...

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