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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.

Junior ISAs were introduced to encourage parents to save money for their children and to provide an alternative to the Child Trust Funds (CTF) that were only available to children born after 31 August 2002 and before 3 January 2011. It is possible to... Read More

In the Budget, the Chancellor set out a package of temporary, timely and targeted measures to support public services, individuals and businesses through the economic disruption caused by COVID-19. One of these measures was to offer the self-employe... Read More

The huge monetary and fiscal stimulus measures announced by the government and the Bank of England has seen amongst other measures interest rates lowered by 0.5% and a significant package of targeted measures to help support those affected. One... Read More

Concerns continue to grow regarding absences from work during the Coronavirus pandemic. Virus counter-measures requires a significant number of employees having to self-isolate if they are feeling sick or who have returned from other a... Read More

The government announced as part of the Spring Budget 2020, that a new Coronavirus Business Interruption Loan Scheme will be launched. Since the Budget changes have been made to the scheme increasing the benefits provided. The scheme will be de... Read More

The Chancellor, Rishi Sunak, outlined a raft of further measures last night to support the UK’s ailing businesses, those affected by the forbidding COVID-19 outbreak. The list that follows summarises his announcements in the order they wer... Read More

COVID-19 has arrived in the UK and it is now reportedly a global issue. Stock markets are plunging down on last weeks close, oil prices are in free fall, supply chains are being disrupted, and in the middle of it all, small and medium-sized businesse... Read More

Coronavirus: Our Plan

Posted by: Amy Patterson

With the increasing concern over the current coronavirus situation we want to assure you that it's business as usual here at Farnell Clarke. What is Farnell Clarke doing to ensure continued service? Our culture and technology already provide the opp... Read More

The government has confirmed that the period for which the 100% first year allowances (FYAs) are available is to be extended from April 2021 to April 2025. In tandem with this announcement, there is also a significant reduction in the CO2 emission th... Read More

Following an announcement at Autumn Statement 2016, and subsequent consultations, the government moved forward with plans to charge Corporation Tax to non-UK resident companies with property income. Currently, these companies are chargeable to Income... Read More

Where employees are provided with fuel for their own private use by their employers, the car fuel benefit charge is applied. The fuel benefit charge is determined by reference to the CO2 rating of the car, applied to a fixed amount. HMRC has confirme... Read More

The Structures and Buildings Allowances (SBA) facilitates tax relief on qualifying capital expenditure on new non-residential structures and buildings. The relief applies to the qualifying costs of building and renovating commercial structures.... Read More