Taking some time to start planning for the 2021/22 tax year might be worth the effort. While there is often a focus on planning for the end of the tax year, much less attention is…
What Financial Lessons Have We Learnt From The Pandemic?
Hard to believe, but we are on the threshold of the second year of the Covid-19 pandemic. The World Health Organisation declared Covid-19 a pandemic on 11 March 2020, coincidentally the day that Chancellor Rishi…
CIS: VAT Reverse Charge: Rules from March 2021
The VAT domestic reverse charge will finally apply to most supplies of building and construction services from 1 March 2021. The rules, whose implementation have been postponed twice, cover standard and reduced rate VAT supplies…
Navigating VAT in a post Brexit world
Many businesses are struggling with the VAT regime in place since Brexit, especially when it comes to exporting goods to the EU. We address some of the common misunderstandings. Exporting goods Provided you have proof…
Update on Covid-19 support for businesses
More support is available to help businesses in this latest lockdown, expected to last until at least 8 March. Keep up to date with, and claim, any support that your business is entitled to so…
Is A Wealth Tax A Viable Option for The Chancellor?
The Wealth Tax Commission, an independent body of tax experts, has set out the framework for a one-off wealth tax. Will the Chancellor be tempted to adopt this? In his November [2020] statement, in which…
Life After Brexit – Travel to Europe on Business
Continuing my immigration theme from earlier this week, I thought I'd comment on business travel to the EU as this has become significantly more complicated since 1 January, with many activities carried out by short-term…
Brexit and the impact on immigration rules
With the end of freedom of movement between the UK and EU from 1 January 2021, the UK has introduced an immigration system that treats all applicants equally. Anyone recruited to work in the UK…
Self-assessment: last minute filing
I'm sitting here musing about the number of calls I'm still taking from (potential) clients regarding taking them on for this year's self-assessment submissions. It's got me thinking. Why do some people leave this to…
Update on new measures for Covid business support
Admittedly, this is coming to you a little later than planned, but hopefully, this blog will provide some useful insight into the measures introduced following the announcement on January 5th of the current national lockdown…