Remaining Government Support In Respect Of Covid

Written by Tony Shackleford on October 18, 2021.

The hospitality VAT rate moved from 5% to 12.5% on 30 September 2021. It returns to the standard VAT rate of 20% on 31 March 2022. On 31 March 2022 the following alos end: a) Commercial eviction protection...

covid, Vat

Making Tax Digital (MTD) Update

Written by Tony Shackleford on October 1, 2021.

In a recent government announcement, the implementation of MTD for income tax (which includes residential landlords) has been delayed until April 2024. The current timing of the MTD rollout is as follows MTD...

MTD, MTD Income tax

National Insurance Contributions Increase

Written by Tony Shackleford on September 13, 2021.

From April 2022 National Insurance Contributions (NIC) will increase by 1.25% to finance health and social care. This increase will mean that employees NIC will increase from 12% to 13.25% for those...

Dividend tax increase, NIC increase

Self Employed Income Support Scheme (SEISS) Grant Repayment

Written by Tony Shackleford on September 6, 2021.

When tax payers submitted each SEISS claim, they were required to confirm eligibility for those grants. If grants have been claimed which the taxpayer was not entitled to, HMRC needs to be notfied and...

SEISS, Self employed income support grant

IR35 Rules Relating to Employment Status

Written by Tony Shackleford on August 31, 2021.

The Department of Works and Pensions (DWP)as recently published its annual report and accounts. These included an item of expenditure for £87.9m paid to HMRC in tax year 20/21. The payment was in respect...

CEST, IR35

Proposed Changes To Tax Accounting Periods For The Self Employed

Written by Tony Shackleford on August 23, 2021.

With the introduction of Making Tax Digital (MTD) for the self employed, which is due to take place in April 2023, the government has indicated that accounting periods for the self employed may need...

Self employed tax, tax base periods

Fifth SEISS Grant Claim

Written by Tony Shackleford on July 16, 2021.

The fifth SEIS grant is similar in many respects to the previous 4 grant claims. However the level of the grant now depends on the extent to which turnover has dropped. In previous claims it was sufficient...

SEIIS 5, SEISS, Self employed income support scheme

HMRC Enquiries Relating To Covid Fraud

Written by Tony Shackleford on June 29, 2021.

To date HMRC has carried out in excess of 12,000 interventions relating to Covid grant claims. By 28 March 2021 HMRC has announced that 8 individuals have been arrested in relation to fraudulent grant...

Covid fraud

Change of Tax Year End

Written by Tony Shackleford on June 11, 2021.

The UK has the rather odd tax year end of the 5th April. The reason for this is principally due to the replacement of the Julian calendar by the Gregorian calendar in 1752. The change over would have...

tax year end

Electric Company Cars Update

Written by Tony Shackleford on May 17, 2021.

For many years, due to the significant tax charges imposed, it has generally not been worthwhile for employees to have company cars. The tax regime for company vans is however much more favourable. ...

Benefits in kind, Capital allowances on electric cars, company car tax, Electric cars