Pension Access

Written by Tony Shackleford on May 23, 2022.

From April 2028 the earliest an individual will be able to access their pension is by the age of 57. The current access age is 55.

Pensoin access

VAT on Private Tuition

Written by Tony Shackleford on May 3, 2022.

For tutoring costs provided by the private sector to be exempt from VAT, the primary condition is that the subject being tutored is one which is ordinarily taught in school or university. However any...

Vat, VAT Exemption, VAT on tuition

SEISS – Repayment of Overclaimed Grants

Written by Tony Shackleford on April 21, 2022.

From April 2022 HMRC is contacting self employed individuals who have been overpaid grants under the 4th and 5th Self Employed Income Support Scheme. The taxpayers will be provided with instructions...

covid, grants, SEISS, SEISS Overpaid

Financing the Spring Statment 2022 NIC Change

Written by Tony Shackleford on April 11, 2022.

The cost, over 5 years, of the increasing the starting point for payment of employees NIC is £26.3bn per the government. The same government document stated that the changes to the student loan repayments...

spring statement

National Insurance Changes

Written by Tony Shackleford on March 25, 2022.

The Chancellor’s Spring Statement announced a significant change to the charging of employees National Insurance Cotnributions (NIC). The change takes place in July 2022 and it aligns the nil...

National Insurance, NIC

MTD VAT Extra Tax

Written by Tony Shackleford on March 22, 2022.

HMRC has rcently announced that an estimated additional tax of £195 million has been collected following the introduction of Making Tax Digital. HMRC stated that the additional tax resulted from a reduction...

Making Tax digital, MTD

Omicron Hospitality and Leisure Grant

Written by Tony Shackleford on February 28, 2022.

The government announced a grant targeted to the hospitality sector aimed at providing support for businesses whicjh lost out due to the impact of Omicron. Further details can be fouind at the following...

Covid grant, Hospitality grant, Omicron grant

HMRC Refunds

Written by Tony Shackleford on February 28, 2022.

A recent report has highlighted the fact that half a million taxpayers are awaiting tax refunds from HMRC for tax year 2019/20. It would seem probable that a higher number of refunds would be outstanding...

HMRC Refunds, Tax refunds

Uber VAT

Written by Tony Shackleford on February 21, 2022.

In a recent ruling the High Court found that Uber had a contractual obligation to its customers. Therefore the service provided was proivded by Uber and not the ‘self employed’ drivers. Prior...

UBER VAT

Directors’ Liability From Insolvent Companies

Written by Tony Shackleford on February 14, 2022.

One of the major reasons for trading through a limited company, as opposed ot being self employed or being in a partnership, is that the owners / managers of the company are generally not liable for...

Directors liability, Directors liability. Insolvency, Tax on insolvency