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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.

The Income Tax treatment of coronavirus tests and the provision of Personal Protective Equipment (PPE) to employees during the coronavirus pandemic is covered under specific HMRC guidance.  The guidance explains how employers should proceed whe... Read More

Any business that has overclaimed a Coronavirus Job Retention Scheme (CJRS) grant must pay back the overpayment to HMRC. The rules outlined below for paying HMRC back an overclaim also apply to businesses that would like to make a voluntary repayment... Read More

The 2019-20 tax return deadline for submitting your paper Self-Assessment returns is 31 October 2020. Due to the impact of coronavirus, taxpayers were able to delay making their second payment on account for the 2019-20 tax year (due on 31 July 2020)... Read More

The government has launched a nationwide marketing campaign to ensure businesses are ready for the introduction of the UK’s new points-based immigration system from 1 January 2021. The campaign will run throughout the autumn, using a wide range... Read More

The first shipments of UK beef departed for the USA last week. 30th September 2020, marking an historic moment for UK farmers and food producers. Following the USA’s longstanding ban on EU beef – introduced in the wake of the BSE ou... Read More

As the EU withdrawal transition period draws to an end (completes 31 December 2020) UK businesses face yet more adjustments in addition to those presented by COVID disruption. Businesses that trade with the EU should by now have matters in hand to c... Read More

At the end of July, the government announced the introduction of a new £500 million scheme to kickstart film and television production. The Film and TV Production Restart Scheme has now been launched and will help UK film and TV production... Read More

Making Tax Digital (MTD) will fundamentally change the way businesses, the self-employed and landlords interact with HMRC. The regime will require businesses and individuals to register, file, pay and update their information using an online tax acco... Read More

The coronavirus VAT payment holiday gave businesses the chance to defer the payment of any VAT liabilities between 20 March 2020 and 30 June 2020. The option for businesses to defer their VAT payments ended on 30 June 2020. In delivering his Winter... Read More

A PAYE Settlement Agreement (PSA) allows employers to make one annual payment to cover all the tax and National Insurance due on small or irregular taxable expenses or benefits for your employees. The expenses or benefits included in a PSA must be d... Read More

Employers across the country have generally welcomed the announcement of the new Job Support Scheme that will was launched for 6-months on1 November 2020.  The new Job Support Scheme has been designed to help those who are in work by allowing t... Read More

The new Job Support Scheme was introduced on 1 November 2020 as part of the government drive to help protect jobs where businesses are facing lower demand over the winter months due to coronavirus. This scheme has been designed to support viabl... Read More