Specialist Tax News

The Chancellor has announced a new 6 month Job Support Scheme to help businesses and employees survive the winter months. We are still awaiting full details
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The United Kingdom leaves the European Union at 11pm on 31 December 2020 when the transitional period ends. It is still unclear whether a trade deal
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There is currently a zero P11d benefit for the drivers of electric cars in 2020/21. The legislation for this change is included in Finance Act 2020
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These are the suggested reimbursement rates for employees' private mileage using their company car from 1 September 2020. Where there has been a change the previous
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Date What’s Due 1/11 Corporation tax for year to 31/01/2020, unless quarterly instalments apply 19/11 PAYE & NIC deductions, and CIS return and tax, for month
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Date What’s Due 1 October Corporation tax for year to 31/12/19 unless pay by quarterly instalments 5 October Deadline for notifying HMRC of chargeability for 2019/20
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Class 2 National Insurance Contributions (NICs) are currently paid at the rate of £3.05 per week by self-employed earners. A person who is liable to Income
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Since 2019, the vast majority of VAT-registered businesses with a taxable turnover above the VAT threshold (£85,000) have been mandated to keep digital VAT records and
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For VAT purposes the definition of a motor car has been amended several times over the years. The current definition states:   “Motor car” means any motor
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The Court of Appeal have now ruled on the tax status of certain vehicles provided to employees of Coca Cola. The court has upheld the HMRC
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HMRC’s CJRS fraud reporting portal had received over 2,000 reports of wrongful claims. Examples of such wrongful claims include; Claiming furlough payments for staff who are
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The calculation of Coronavirus Job Retention Scheme grants has proven to be complex, particularly as HMRC frequently changed the rules and the method of computation. Consequently,
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