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

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

Coronavirus Job Retention Scheme (CJRS) Further Extension

Written by Tony Shackleford on November 16, 2020.

Coronavirus Job Retention Scheme (CJRS) Extension As a result of the second national lockdown, the Chancellor announced the extension of the CJRS from 1 November 2020 until 31 March 2021. The CJRS was...

CJRS, coronavirus, Coronavirus Job Retention Scheme

Self Employed Income Support Scheme (SEISS) Further Amendments

Written by Tony Shackleford on November 16, 2020.

Self Employed Income Support Scheme (SEISS) Grant The SEIS is the UK government’s grant for supporting self-employed individuals and partnerships, where the level of profits of the business have been...

coronavirus, SEISS, Self employed income support scheme