APPLYING FOR A CUSTOMS GRANT
The next phase of the customs grant scheme is now open for applications. It sees a record £50 million investment as part of the measures…
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HELPING EMPLOYEES WITH CHEAP LOANS
In the current difficult economic client, employees may need to approach their employer for financial assistance in the form of a loan. Under the strict…
Read MoreHMRC LAUNCH CONSULTATION ON NIC HOLIDAY FOR VETERANS
The Government currently provides a career transition package to service personnel leaving the Armed Forces which supports around 86% into employment. However, 6% of veterans using…
Read MoreCOVID-19 SUPPORT: SEISS SECOND CLAIM SERVICE OPEN
The Self-Employment Income Support Scheme (SEISS) claims service for the second and final grant is open from 17 August 2020. Individuals eligible for the second…
Read MoreVAT FRS TEMPORARY RATE REDUCTIONS CONFIRMED
In the Government’s Summer Update on 8 July 2020, the Chancellor announced a six-month reduction in the VAT rate on suppliers of food and non-alcoholic…
Read MoreREDUCED PROPERTY TRANSACTION CHARGES
Recent research revealed that property transactions fell by more than 50% in May and house prices have fallen for the first time in eight years.…
Read MoreCGT REPORTING DEADLINE
Under new rules capital gains tax (CGT) on disposals of UK residential property must be reported by 31 July to avoid a penalty. Finance Act…
Read MoreMANAGING LISAs ON DEATH OR TERMINAL ILLNESS
Lifetime ISAs (LISAs) continue to provide a tax-efficient savings vehicle for investors as there will be no income tax to pay on interest earned and…
Read MoreBUSINESS ASSET DISPOSAL RELIEF UPDATE
The Spring Budget 2020 announced a significant restriction on future availability of entrepreneur’s relief (ER) for individuals who dispose of all or part of their…
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