Blog
March 2021 Budget
Here is a quick summary of the main measures announced in the Budget. Very few tax rises have been introduced, and the main emphasis [...]
CIS including The New VAT rules
What is CIS? CIS stands for Construction Industry Scheme and is a special tax regime imposed by HMRC because there are so many mobile [...]
Transition – Actions & Costs
Anyone who has dealings with the EU or is under EU regulations is affected by Brexit E.g. Staff or products from the EU Staff [...]
Transition – Services
Status Changes When the UK leaves the EU then the UK stops being part of the single market, and so UK and EU become [...]
Transition – Imports
Status Changes Following transition, the UK will stop being part of the EU, EU free trade rules will no longer apply and goods coming [...]
Transition – Exports
Status Changes Following transition, the UK will stop being part of the EU, EU free trade rules will no longer apply and goods going [...]
Transition – Staff
Status Changes Following Transition, the UK will stop being part of the single market for trade and labour, and hence be a different territory [...]
Transition – Licences & Certification
Status Changes At the end of transition the UK stops being a member of EU so the EU and UK become different territories, with [...]
Transition – Personal and Business Identity
Status Changes When transition ends then the UK stops being a member of the EU, so the EU and the UK become different territories [...]
Transition – What is Brexit Transition?
Brexit is the common name for the event of the UK leaving the European Union, which officially happened on 31stJanuary 2020. However, a transition [...]
Why is the tax year end 5th April?
Once a upon a time someone invented the clock. For years we had been using the sun to [...]
Lockdown 2 the new rules
England has a new lockdown from 5th November to 2nd December. But this is very different from last time when everything closed. With most [...]
New Three Tier Lockdown
We now have a three-tier lockdown system for England, restricting some activities, with specific exceptions. There are new grants available to those businesses told [...]
Winter Economy Plan Part 2 – Closed Businesses
As we move into the next phase of Coronavirus the Chancellor has announced some new grants for closed businesses. The previously announced schemes are [...]
Auto-enrollment Anniversary
Auto-enrolment became compulsory for all existing businesses in April 2017, and all new business in the following months - that is just about 3 [...]
The Winter Economy Plan
The chancellor has decided to cancel the planned Autumn Budget this year. The last budget in March was just before lockdown, and we have [...]
Government Assistance Schemes Ending
Self-Employed Income Support Grants The portal is now open for claiming the second and final self-employed income support scheme grant. You can claim this [...]
Expenses when Travelling on Business
It is very common to travel for business and hence HMRC have give us rules on what they consider reasonable expenses for an employee [...]
Mini Budget July 2020
The chancellor has announced changes in an economic statement – not a budget. The focus of this mini budget was job creation, being advertised [...]
Sick Leave & Coronavirus
VAT (Value Added Tax) is a tax on spending. The person who want the goods or services and uses them to their own ends [...]
Furloughing Udates
HMRC have set up the job retention scheme to reimburse employers for up to 80% of usual wages, paid to employees who are “furloughed” [...]
