
Student loan repayments: Increased thresholds from April 2021
Repayment of student loans is a shared responsibility between the Student Loans Company (SLC) and HMRC. Employers have an obligation to deduct student loan repayments in certain circumstances and to […]

Leaving the VAT Flat Rate Scheme
The VAT Flat rate scheme is a simplified scheme for smaller businesses. Under the flat rate scheme, VAT-registered traders pay a fixed percentage of their VAT inclusive turnover to HMRC […]

Reclaiming SSP for periods of self-isolation
The Coronavirus Statutory Sick Pay Rebate Scheme allows smaller employers to reclaim some or all of the Statutory Sick Pay (SSP) paid to employees who are absent from work due […]

BUSINESS NEWSLETTER 6 January 2021
THIRD NATIONAL LOCKDOWN The UK is in national lockdown and like the first lockdown in March, we cannot leave our homes except for certain reasons such as medical, food, exercise […]

Make the most of the dividend allowance
The 2020/21 tax year comes to an end on 5 April 2021. The last few months of the year are a good time to undertake a review and to ensure […]

What tax do I need to pay by 31 January 2021?
The self-assessment tax return for 2019/20 must be filed by midnight on 31 January 2021. If you miss this deadline, you will automatically receive a late filing penalty of £100, […]

Letting a property at less than market rent
This year has been difficult for many and landlords may not have been able to secure the full market rent for a property. Landlords may have reduced the rent charged […]

Using your own car in your property business
A landlord running an incorporated business is likely to need to use their own car for the purposes of the business. Where this is the case, what can they claim […]

Should I reduce my payments on account?
Making payments on account towards your yearly tax bill is a common requirement for many completing a self-assessment return in the UK. But what exactly are they and when will […]

Grants for businesses affected by national restrictions
Many businesses have been forced to close as a result of the national and local restrictions introduced to slow the spread of Coronavirus. Where this is the case, the business […]

The Covid-19 Vaccine Programme has a started!
This week we can reflect on the good news of the first vaccines arriving, being distributed and administered to people in the UK. The Government plans state the aim of […]

EU sets out plans in case trade talks with UK fail
Relations with the UK: Commission proposes targeted contingency measures to prepare for possible “no-deal” scenario The European Commission has put forward a set of targeted contingency measures ensuring basic reciprocal […]