Blog – Page 4 – Sutton Coldfield Accountancy

Coronavirus Job Retention Scheme HMRC Enquiries

Written by Tony Shackleford on August 24, 2020.

On 18 August 2020 HMRC significantly increased its compliance activity in respect of the grants paid out under the Job Retention Scheme. It is contacting 3,000 employers who it believes may need to...

coronavirus, job retention scheme

Self Employed Income Support Scheme (SEISS) Second Claims

Written by Tony Shackleford on August 17, 2020.

Claims to HMRC for the second grant under SEIS can be made from 17 August 2020.

coronavirus, SEISS

Taxation of double cab pickups and combi vans

Written by Tony Shackleford on August 14, 2020.

In a Court of Appeal (CA) ruling dated 20 July 2020, the court ruled that three types of modified crew cab vehicles are cars rather than vans. This ruling concerns a long running case between Coca Cola...

annual investment allowance, capital allowances, company cars; caompany vans, double cab pickups

Research and Development Grants

Written by Tony Shackleford on August 3, 2020.

Additional tax relief is available to small and medium sized businesses in respect of Research and Development (R&D) expenditure. The R&D relief provides an enhanced 230% deduction from taxable...

Corporation tax, R&D, Research and development

Making Tax Digital Implementation

Written by Tony Shackleford on July 27, 2020.

Making Tax Digital (MTD) will become mandatory for all VAT registered traders from April 2022 and for most other traders and landlords from April 2023. MTD will require those businesses effected to...

Making Tax digital, Taxation

Temporary Reduction in Stamp Duty

Written by Tony Shackleford on July 20, 2020.

The threshold for stamp duty on the purchase of a main home has been increased from £125,000 to £500,000 until 31 Match 2021. The additional 3% stamp duty applicable on the purchase of second homes...

coronavirus, Stamp duty

Coronavirus – Eat Out to Help Out Scheme

Written by Tony Shackleford on July 13, 2020.

Under this scheme, restaurants, cafes etc are able to offer a 50% discount (up to a maximum of £10 per person) on ‘eat in’ meals, on Mondays, Tuesdays and Wednesdays between 3 August and...

coronavirus, Eatout to Help out

Coronavirus – Job Retention Bonus

Written by Tony Shackleford on July 13, 2020.

The government has announced a grant of £1,000 per employee is available to employers, in respect of employees who satisfy the following conditions: earn at least £520 per month (above the Lower Earnings...

coronavirus, furloughed, Job Retention Bonus

Coronavirus – Reduced VAT on Hospitality Suppllies

Written by Tony Shackleford on July 13, 2020.

The Chancellor announced that VAT in the following sectors would be reduced to 5% from 15 July 2020: Food and drink for pubs cafes and restaurants Overnight accommodation Tourist attractions The reduced...

5% VAT, coronavirus, Vat, VAT hospitality, VAT reduction

Private Sector IR35 Changes

Written by Tony Shackleford on July 6, 2020.

Reforms to the off-payroll working rules ( IR35 rules) , which will see them extended to the private sector next year, are to go ahead as planned. The changes will come into effect on 6 April 2021.

IR35, Off payroll working

Call us on 0121 448 7466 for a free meeting

Coronavirus Job Retention Scheme HMRC Enquiries

Self Employed Income Support Scheme (SEISS) Second Claims

Taxation of double cab pickups and combi vans

Research and Development Grants

Making Tax Digital Implementation

Temporary Reduction in Stamp Duty

Coronavirus – Eat Out to Help Out Scheme

Coronavirus – Job Retention Bonus

Coronavirus – Reduced VAT on Hospitality Suppllies

Private Sector IR35 Changes

Call us on 0121 448 7466 for a free meeting

Shacklefords

Chartered Accountants and Business Advisers