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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.

HMRC is warning new students starting university that they could be targeted by scammers trying to steal their money and personal details.  As new students start the academic year they can be particularly vulnerable to tax scams. Coupled w... Read More

Home owners and landlords in England can apply for a grant to make their home more energy efficient. The Green Homes Grant will cover at least two-thirds of the cost up to £5,000 per household. For low income households these grants will cover... Read More

The government is moving ahead with plans to build free trade zones - known as Freeports - across Britain after Brexit. Freeports are a special kind of port where normal tax and customs rules do not apply. In their place, simplified customs proc... Read More

Our government has introduced a three-tier system for determining the local state of COVID infection and how restrictions in each area of England are to be applied. The grades are instructive. The three categories are: Medium alert level - This w... Read More

The new 3-tier system for classifying local COVID alert status sets out what you should not do depending on the classification of your local area. At present they only apply to England. In summary they are: Local COVID Alert Level – Very High... Read More

On Friday 9 October, the Chancellor, Rishi Sunak announced an extension to the Job Support Scheme (JSS). The expanded scheme will include additional support for employees of businesses that are forced to close because of local or national lockdown me... Read More

HMRC has published official statistics on the number of companies claiming tax relief under the UK Patent Box. The Patent Box allows qualifying companies to apply a lower 10% Corporation Tax rate on profits arising from patent exploitation. The benef... Read More

The new £2 billion Kickstart scheme will enable employers to offer young people on Universal Credit - and at risk of long-term unemployment - state-subsidised work placements for six months. The Kickstart scheme is available to qualifying 16 &n... Read More

The deadline for making a claim under the second round of the Self-Employment Income Support Scheme (SEISS) is 19 October 2020. The second grant covers the quarter to 31 August 2020. This grant will provide up to £6,570 for the quarter (£... Read More

The tax and NIC advantages of certain benefits provided as part of a salary sacrifice arrangement were removed from 6 April 2017. The change effectively removed the Income Tax and employer NIC advantages of certain benefits provided as part of salary... Read More

To ease the financial burden on their employees, some employers may look at paying or refunding transport costs for their employees when they return to work. There are tax implications that should be examined. As a general rule, where an employe... Read More

New guidance has been published on claiming the Job Retention Bonus. The Job Retention Bonus provides for a £1,000 bonus payment to employers that bring back an employee that was furloughed under the Coronavirus Job Retention Scheme, and contin... Read More