Guides

Maintaining your NIC contributions record during Covid-19

The Covid-19 pandemic has meant that many people will suffer a reduction in income in 2020/21. Not all individuals are eligible for support under the Coronavirus Job Retention Scheme or the Self-Employment Income Support scheme, and those who are eligible for the grants will not generally receive their full pay. Where income drops this may …

Maintaining your NIC contributions record during Covid-19 Read More »

Bonus for retaining staff when CJRS comes to an end

The Coronavirus Job Retention Scheme (CJRS) has provided a lifeline to millions of employees and their employers during the Covid-19 pandemic. As at 19 July 2020, 9.5 million employees had been furloughed by 1.2 million employers, benefitting from support totalling £29.5 billion. As with all good things, the CJRS must come to an end. The …

Bonus for retaining staff when CJRS comes to an end Read More »

Corporate tax planning in 2020/21

Managing and planning during COVID-19. Even among those who follow good tax-planning practice and maintain forecasts running several years forward, it is unlikely that many foresaw the dramatic end to the 2019/20 tax year. With the arrival of COVID-19 and the subsequent lockdown, the economy shrank a record 20.4% in April 2020, and 19.1% in …

Corporate tax planning in 2020/21 Read More »

Post-COVID-19 support for businesses

New measures announced in economic update. Since the Budget in March, businesses have seen a stream of different support schemes and policies announced to help them manage the financial impacts of the coronavirus lockdown. When Chancellor Rishi Sunak stood in the House of Commons again on 8 July, it was in the context of the …

Post-COVID-19 support for businesses Read More »

Economic Update 2020

Economic Update 2020 Introduction It’s safe to say Chancellor Rishi Sunak did not expect to be delivering the first official fiscal statement less than four months after his maiden Budget speech back in March, but here we are. The economic impact of COVID-19 has resulted in the UK’s debt-to-GDP ratio breaking the 100% mark for …

Economic Update 2020 Read More »

Year-End Tax Guide 2019/20

Personal allowances & reliefs ISAs Pension contributions Inheritance tax Capital gains tax Entrepreneurs’ relief Upcoming changes Non-domiciled taxation Tax credits Corporation tax Business deductions VAT Penalties

The risks of a tax investigation

Will HMRC come knocking on your door? It’s a fact – humans are bad at assessing risk. We’re terrified of things that rarely happen (plane crashes, power station meltdowns) but relatively blasé about things that are statistically more likely to harm us, such as unwashed lettuce. The likelihood of HMRC swooping to investigate your business’s …

The risks of a tax investigation Read More »

Insider – February 2019

Insider Headlines… Auto-enrolment fines rise 146% Dual-registration service passes 200,000 milestone‍Partners hit by avoidable ISA tax charge‍Think tank proposes tax changes to save £7bn

Scroll to Top