Category Archives: Latest News

You may be able to claim tax relief

You may be able to claim tax relief

You may be able to claim tax relief for additional household costs if you have to work at home on a regular basis as an employee.  This applies to either all or just part of the week.  Additional costs include heating, metered water bills or business calls that have been incurred wholly, exclusively and necessarily […]

What COVID 19 support is available

Available COVID19 support

Here’s the latest information about what COVID 19 support is available to help you financially. This includes: a reminder of the 14‌‌‌ ‌June deadline for submitting May Coronavirus Job Retention Scheme (CJRS) claims details of changes to the CJRS from July and the 21‌‌‌ ‌June deadline for joining the online VAT deferral new payment scheme. […]

Corporate Interest Restriction

Corporate Interest Restriction

Corporate Interest Restriction (CIR) legislation became effective from the 1st of A‌pr‌il 2017. It applies to corporate entities.  It’s aim is to restrict a group’s deductions for interest expense and other financing costs for Corporation Tax purposes to an amount that is commensurate with taxed UK activities. It takes into account how much the group […]

Available COVID19 support

Available COVID19 support

Here is some of the latest information about available COVID19 support. This includes the latest on the Self-Employment Income Support Scheme (SEISS), the Coronavirus Job Retention Scheme (CJRS) and the VAT deferral new payment scheme. SEISS The online claims service for the fourth grant of the Self-Employment Income Support Scheme (SEISS) is now open to […]

Fourth SEISS grant

Fourth SEISS grant

HMRC will soon be contacting people about the Fourth SEISS grant.  The Self-Employment Income Support Scheme (SEISS) will continue until September with a fourth and fifth grant. Here’s a bit of information on what to expect. Fourth SEISS grant – Eligibility and calculation Much of the eligibility criteria remains unchanged from the third grant, with […]

Budget for 2021

Budget for 2021

Last week, the Chancellor of the Exchequer, delivered the government’s Budget for 2021. In his speech, the Chancellor announced extensions to a number of current COVID-19 schemes.  This was alongside additional support for individuals and businesses. Below is a summary of some of the measures announced for employers, including details about tax rate changes. Information about […]