Interest Rate Rise

Written by Tony Shackleford on May 6, 2022.

The Bank of England has increased the UK base interest rate to 1%. This is the highest UK interest rate for 13 years. Prior to 2009 the interest rate was running at between 4% and 6%. It seems likely...

Interest rate

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

VAT Changes for Sales on Amazon, Ebay etc

Written by Tony Shackleford on August 9, 2021.

From 1 July 2021 platforms such as Amazon and Ebay are responsible for ensuring that VAT is collected on sales of goods on their platforms. In simple terms, this means that when a buyer purchases goods...

Amazon VAT, Ebay VAT

Commercial Evictions

Written by Tony Shackleford on July 26, 2021.

In the light of the continued hardship experienced by many businesses due to the impact of Covid, the government has extended the ban on commercial evictions until 25 March 2022. This extension is bad...

commercial tenant eviction, covid

Coronavirus Self Employed Income Support Scheme (SEISS) Grant Extension

Written by Tony Shackleford on October 5, 2020.

The SEISS scheme is available for those self employed individuals who are still trading but are experiencing lower demand due to the impact of the coronavirus. The first grant, under the extension,...

Self employed income support scheme

Insolvency Regime Changes

Written by Tony Shackleford on September 7, 2020.

The Corporate Insolvency and Governance Act received Royal Assent on 26 June 2020. This implemented the most significant changes to the insolvency system for 20 years.

Insolvency

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

Holiday Pay Entitlement

Written by Tony Shackleford on May 11, 2020.

For several years all UK full time employees have been entitled to a minimum of 28 days paid annual leave per year. Part time employees entitlement is similar, hence a part time employee who works two...

Holiday pay

Coronavirus – Bounce Back Loan Scheme

Written by Tony Shackleford on April 28, 2020.

The Bounce Back loan scheme is designed to provide low value business loans to small companies. The governments intention is that the loans will be accessed quicker that loans under the existing coronavirus...

Bank loan, coronavirus

Tax Return Deadline

Written by Tony Shackleford on February 3, 2020.

The deadline for digitally submitting self assessment tax returns for the 2018/19 tax year was 31 January 2020. Just under 1 million taxpayers failed to submit their tax returns by this deadline, which...