The 2019/20 Tax Year Is Over: Here’s What You Need to Do Now
The 2019/20 tax year has ended. That news might almost come as a surprise. I mean, amidst all the upheaval we’ve been experiencing since the outbreak of coronavirus, I wouldn’t blame you if you forgot. But 5th April came and went and despite all that’s going on, it’s now time to start [...]
Coronavirus Job Retention Scheme…..Your Top 48 FAQs
Updated Monday 6 April Under the Coronavirus Job Retention Scheme, all UK employers with a PAYE scheme will be able to access support to continue paying part of their employees’ salary for those that would otherwise have been laid off during this crisis. This applies to employees who have been asked [...]
CORONAVIRUS JOB RETENTION SCHEME
Updated Friday 27 March Under the Coronavirus Job Retention Scheme, all UK employers will be able to access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off during this crisis. Who is eligible? All UK businesses are eligible. How do I access this? You [...]
GUIDANCE FOR OUR CLIENTS – CORONAVIRUS (COVID-19)
In these uncertain times we wanted to reach out to all our clients to let you know we are here to offer support and guidance over the next few months to get us all through these challenging times. The resilience of our country and people supporting each other will get [...]
national living wage – is your business ready for 1 April 2020?
From 1 April 2020, nearly three million workers are set to benefit from increases to the National Living Wage (NLW) and minimum wage rates for younger workers, according to estimates from the independent Low Pay Commission. The compulsory NLW is the national rate set for people aged 25 and over. [...]
using company vans for tax-free home to work travel
As a general rule, travel between home and work is regarded as private travel and if the employer meets the cost of that travel, a benefit-in-kind tax charge will be triggered. However, it is possible for employees with a company van to use that van to travel between home [...]
IT consultant held contract for services
HMRC’s application of the IR35 rules remains ambiguous after an IT contractor successfully appealed to the First Tier Tribunal (FTT) against a tax charge arising under the intermediaries' legislation. In RALC Consulting Ltd v HMRC [2019] TC 07474, the FTT allowed an appeal against HMRC's determination that IR35 applied because [...]
party time for small companies
Although there is no specific allowance for a Christmas party, or any other employer-provided social function, HMRC do allow limited tax relief against the cost of holding an ‘annual event’ for employees, providing certain conditions are met. Broadly, the cost of staff events is tax deductible for the business. Specifically, [...]
