International Trade Week: when is it and how can it benefit my business?
A new, week-long event will be launched next month to help businesses to export their goods and services, it has been announced.
International Trade Week, scheduled to run from 15 to 19 November, will feature international trade experts from Government departments, the UK’s biggest companies, and leading trade federations.
Updated requirements for submitting Corporation Tax CT600 Return
With the winding up of the Coronavirus Job Retention Scheme (CJRS) or furlough, at the end of September, it is vitally important that all employers are up to date with their Corporation Tax Form CT600, particularly over grants received from the scheme.
HM Revenue & Customs (HMRC) is looking to close any loopholes and ‘claw back’ any overpayments, such as claims for an employee who left the business while the scheme was in operation.
Scams: the heavy financial and health burden
According to recent research, the total amount of money it costs a fraudster’s victim to get help with their wellbeing after being scammed is £9.3 billion a year. Read More
Plastic Packaging Tax: what is the new levy and how can my business prepare?
The Plastic Packaging Tax – also known as the PPT – will come into force from next year.
Here’s what you need to know about the new levy designed to clamp down on plastic waste.
What is the Plastic Packaging Tax? Read More
“Night-time economy”- is it back on its dancing feet?
The Night Time Industries Association (NTIA) has recently revealed that due to the pandemic, 393,000 jobs have ended across the night-time economy.
Personal tax: Take home more of what you earn with these tax-saving tips
More workers than ever are finding themselves getting close to or exceeding the higher rate tax bracket, recent figures have revealed.
In this blog, we are going to share nine essential tips employees can use to keep themselves out of the higher rate tax bracket and take home more of what they earn.
Flat rate expenses
Workers claiming Working Tax Credit urged to update their hours
Workers in receipt of Working Tax Credit (WTC), have been urged to check if they need to update their working hours.
WTC tops up the earnings of those on a low income. HM Revenue & Customs (HMRC) says people need to check their hours if these have reduced as a result of coronavirus and want to make sure people are not faced with paying back funds they were not entitled to, and potentially incur a penalty.
October: the last month to handle CJRS claims
As the Coronavirus Job Retention Scheme (CJRS), otherwise known as the furlough scheme, ended on 30 September 2021, October marks the last month in which employers will need to handle the related claims.
Transitionary rate of VAT for hospitality comes into force
The temporary reduced rate of VAT for hospitality has increased to a transitionary rate from today, 01 October 2021.
The new rate of 12.5 per cent will remain until 31 March 2022, when it reverts to the standard rate of 20 per cent.
Do I need to rethink my IR35 strategy while there is a shortage of lorry drivers?
Due to Brexit, driver retirement and the enforced IR35 reform, there is now a shortage of Heavy Goods Vehicle (HGV) drivers in the UK – around 100,000, according to some estimates.
Therefore, businesses must reconsider their risk-averse strategies for managing any tax changes related to employment.
IR35 specialists have revealed that re-evaluating approaches to status determination may be vital for businesses to be able to attract flexible employees.
What is IR35? Read More
