HMRC has published some interesting research into capital gains tax (CGT). Here are three CGT questions for you to ponder: How many individuals made enough capital gains in 2018/19 to face a CGT bill? The…
ICO Publishes Detailed Guidance on Subject Access Requests
Following a recent consultation (December 2019), the Information Commissioner's Office has published its new detailed guidance on the Right of Access, Click here for further information on the background to the changes and modifications. Photo…
Covid related VAT reduction extended to 31 March 2020
The temporary reduced standard VAT rate of 5% for the tourism and hospitality sector was due to end on 12 January 2021, but has now been extended to 31 March 2021. You don't get that…
Bounce Back Loan Scheme Extended
The application date for the Bounce Back Loan Scheme (BBLS) has now been extended to 30 November, and the loan repayment process made more flexible. To date, the BBLS has provided more than a million…
Chancellor Unveils Winter Economy Plan
The latest pandemic support measures are much less generous than before. Despite cancelling this year's Autumn Budget, Rishi Sunak has still made an early autumn appearance before the House of Commons to announce his ‘Winter…
When is a van a car?
The tax treatment of cars and vans is quite different, with van classification far more beneficial from both an employer and employee perspective. However, the distinction is not always clear-cut, especially where vans have been…
HMRC targets employers over CJRS claims
With reports of two-thirds of furloughed employees continuing to work during the Covid-19 lockdown, despite the initial prohibition of work as an explicit condition of furlough, it is no surprise that HMRC has already written…
Who pays capital gains tax?
HMRC has published some interesting research into capital gains tax (CGT). Here are three CGT questions for you to ponder: How many individuals made enough capital gains in 2018/19 to face a CGT bill? The…
A new season, a new Budget
As autumn arrives, attention is turning to possible measures in the next Budget. Yet another extraordinary turn for 2020, normally seen only in an election year, will be upon us soon: the second Budget of…
Defining ‘adversely affected’ for the self-employed
Many self-employed workers will have already claimed their second, and final, Self-Employment Income Support Scheme grant, but otherwise have until 19 October to do so. A key condition is that the business must have been…