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What’s happening?

Here you can keep up to date with our latest news, as well as the latest goings-on in the world of accounting.

As a general rule, the fall-back position for couples who live together with their spouse or civil partners is that property income - where the property is owned in joint names - is divided 50:50. However, where there is unequal ownership and th... Read More

Advisory fuel rates are intended to reflect actual average fuel costs and are updated quarterly. The rates can be used by employers who reimburse employees for business travel in their company cars or where employees are required to repay the cost of... Read More

Temporary changes to EMI working time arrangements will ensure that individuals who are furloughed or who have their working hours reduced below the current statutory working time requirement for EMI as a result of coronavirus (COVID-19) wi... Read More

HMRC has updated its guidance on the VAT partial exemption treatment relevant to businesses who supply goods by way of hire purchase agreements. A policy paper entitled Revenue and Customs Brief 8 (2020): change to partial exemption VAT treatment was... Read More

The government has announced the launch of a new trial scheme that will pay people on low incomes who need to self-isolate and are unable to work from home. The trial will start in Blackburn, Darwen, Pendle, and Oldham to ensure the process work... Read More

The new £2 billion Kickstart scheme that was announced as part of the Summer Economic update by the Chancellor, Rishi Sunak was officially launched by the government on 2 September 2020. The scheme is intended to create hundreds of thousands of... Read More

When a couple is in the process of becoming separated or divorced it is unlikely that they are thinking about the tax implications of doing so. However, it is important that the tax consequences of the break-up are properly considered. Whilst I... Read More

Your unique taxpayer reference (UTR) is the primary identifier for tax purposes. The number is also sometimes known as your taxpayer number or tax reference number and should be used whenever you contact HMRC or when you file your tax returns. The UT... Read More

The Government Legal Departments (GLD) is warning that its general enquiry number (020 7210 8500) and switchboard number (020 7210 3000) are being used by fraudsters to try and extract money from members of the public. In most of the reported cases,... Read More

An ongoing issue for motorists is the need to have two tyres on the pavement to avoid unduly restricting road space for wider vehicles and emergency services in narrow streets. Unfortunately, this can have knock on effects for parents with buggies o... Read More

A reminder, if one was needed, is that we seem to be heading for a no-deal Brexit from 1 January 2021. One of the issues we will all have to confront is the raft of regulation that we will need to observe from this date if travelling to the EU and ce... Read More

1 September 2020 - Due date for Corporation Tax due for the year ended 30 November 2019. 19 September 2020 - PAYE and NIC deductions due for month ended 5 September 2020. (If you pay your tax electronically the due date is 22 September 2020) 19 Sep... Read More