News
Virtual Christmas parties eligible for £150 annual function exemption
03 December 2020
HM Revenue & Customs (HMRC) has confirmed that virtual Christmas parties will be eligible for the £150 annual function exemption that employers often put towards in-person festivities at this time of year. Typically, employers can make use of the exemption for a Christmas party, as long as it is open to all employees...
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Grandparents set to increase gifting following pandemic and families set to inherit more than expected
03 December 2020
A pair of studies have revealed that UK grandparents are reconsidering their plans following the Coronavirus pandemic, which may mean that many families are set to inherit more than they expected to. A survey of 2,006 grandparents, carried out by an investment firm, found one in seven are reassessing how they will pass on...
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Access to European Union VAT refund system to end on 31 March 2021, HMRC confirms
27 November 2020
HM Revenue & Customs (HMRC) has confirmed that access to the European Union VAT refund system for expenses incurred before 01 January 2021 will cease on 31 March 2021.
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Brexit: How to claim grant funding to help cover the costs of completing new customs declarations
27 November 2020
If you are a business who imports or exports products overseas, you may be entitled to grant funding to cover the cost of recruiting, training and adapting your business to the new demands of global trade.
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Companies House to scrap paper reminder letters
26 November 2020
Companies House has announced that businesses will no longer receive reminder letters, as it seeks to end paper communications.
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Third round of Self-Employment Income Support Scheme (SEISS) opens on Monday with tighter eligibility criteria
26 November 2020
The third round of the Self-Employment Income Support Scheme (SEISS) will open on Monday 30 November 2020 with tighter eligibility criteria than have applied to the previous two rounds of the scheme.
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Important deadlines approach for the furlough scheme
26 November 2020
Businesses across the UK are being reminded of key deadlines and actions for the Coronavirus Job Retention Scheme (CJRS), which are just days away.
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Spending Review highlights long-term economic impact of Coronavirus pandemic
26 November 2020
The Chancellor’s statement to Parliament setting out his Spending Review decisions came against a backdrop of predictions from the Office for Budget Responsibility (OBR), which indicated that the UK economy will shrink by 11.3 per cent this year – the largest fall in output for 300 years.
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The New COVID-19 Tier System
25 November 2020
When the national temporary lockdown ends in England on 2 December 2020, the country will enter a new tougher, tiered local system of restrictions.
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IFS predicts tax rises of more than £40 billion a year by the middle of the decade
19 November 2020
The Institute for Fiscal Studies (IFS) has predicted that taxes will need to rise by more than £40 billion a year by the middle of the decade to prevent Government debt from growing out of control. The widely-respected think tank issued the warning following the news that the Government’s Coronavirus response has cost more than...
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