Blog – Sutton Coldfield Accountancy

National Living Wage / National Minimum Wage Increases

Written by Tony Shackleford on April 6, 2021.

From April 2021 the National Living Wage / National Minimum Wage will change as follows: Employees aged 23 or over – new rate is £8.91 per hour (previously £8.72 per hour). Employees 21-22 –...

Minimum wage, National living wage, National Minimum Wage

Grants

Written by Tony Shackleford on April 6, 2021.

Detailed below are grants which have been made available recently: Lichfield District Council is offering grants of up to £3,000 to individuals who have been made redundant, or who are our of work and...

grants

Postponed VAT Accounting

Written by Tony Shackleford on April 6, 2021.

As a consequence of the UK’s exit from the EU at the start of January 2021, the government introduced a new mechanism for dealing with VAT on the importation of goods into the UK. Under the existing...

Brexit, postponed VAT, Vat

VAT Registration

Written by Tony Shackleford on March 29, 2021.

HMRC have announced that they are going to undertake a campaign to target businesses which have sales in excess of the VAT threshold, but which are not registered for VAT. The current VAT registration...

VAT registration

Government Consultation on Payment of Taxes

Written by Tony Shackleford on March 24, 2021.

The UK government is undertaking a consultation in respect of the timing of payment of taxes. In particular it is looking at speeding up the payment of both corporation tax and income tax paid through...

Corporation tax, income tax, Making Tax digital, Tax payment

Budget 2021

Written by Tony Shackleford on March 8, 2021.

COVID RELATED MEASURES Coronavirus Job Retention Scheme (Furlough) extension The Coronavirus Job Retention Scheme has been extended from the end of April 2021 until the end of September 2021. Until...

Budget, covid, Furlough, grants, SEIS

Capital allowance for Vehicles

Written by Tony Shackleford on February 26, 2021.

From 1 April 2021 100% first year allowances are only available for electric cars or cars having zero CO2 emissions. For cars having CO2 emissions of up to 50g, writing down allowances of 18% are available For...

capital allowances, FYA on cars, low emission car tax

Making Tax Digital Rollout

Written by Tony Shackleford on February 12, 2021.

Making Tax Digital (MTD) is the governments plan for ensuring that businesses record their transactions digitally and submit quarterly information to HMRC. The long term goal of the government is to ...

Making Tax digital, MTD, MTD for Corporation tax, MTD for Income Tax

Construction Industry Scheme VAT Reverse Charge (RC)

Written by Tony Shackleford on February 3, 2021.

The way VAT is charged for supplies made under the Construction Industry Scheme (CIS) changes from 1 March 2021. For supplies covered by the change, no VAT should be charged on invoices raised by the...

CIIS and VAT, Reverse charge, VAT reverse charge

Coronavirus Job Retention Bonus Cancelled?

Written by Tony Shackleford on November 16, 2020.

Job Retention Scheme Bonus (JRSB) update. The JRBS was a grant payable to employers in February 2021, in respect of employees for whom grant claims had been made under the Coronavirus Job Retention...

coronavirus, Coronavirus JOb Retention Scheme Bonus

Call us on 0121 448 7466 for a free meeting

National Living Wage / National Minimum Wage Increases

Grants

Postponed VAT Accounting

VAT Registration

Government Consultation on Payment of Taxes

Budget 2021

Capital allowance for Vehicles

Making Tax Digital Rollout

Construction Industry Scheme VAT Reverse Charge (RC)

Coronavirus Job Retention Bonus Cancelled?

Call us on 0121 448 7466 for a free meeting

Shacklefords

Chartered Accountants and Business Advisers