Employers will need to start contributing to work not done by furloughed employees from 1 July 2021. The update from HMRC is reproduced below: From 1 July 2021, the level of grant will be reduced, and you will be asked to contribute towards the cost of your furloughed employees’ wages. To be eligible for the […]

1 July 2021 – Due date for Corporation Tax due for the year ended 30 September 2020. 6 July 2021 – Complete and submit forms P11D return of benefits and expenses and P11D(b) return of Class 1A NICs. 19 July 2021 – Pay Class 1A NICs (by the 22 July 2021 if paid electronically). 19 […]

You must declare goods that you take with you to sell outside the UK – for example if they are in your baggage or in a private vehicle. There is a different process if you take goods abroad temporarily (for example samples for a trade fair) or use a courier or freight forwarder. Most countries […]

Tax credits applicants should be vigilant and alert to potential scams, HMRC has warned. In the 12 months to 30 April 2021, HMRC responded to more than 1,154,300 referrals of suspicious contact from the public. More than 576,960 of these offered bogus tax rebates. In the same period, HMRC has worked with telecoms companies and […]

If an individual dies and for whatever reason executors or the Treasury Solicitor’s department are unable to track down beneficiaries, the unclaimed estate falls under the care of the Bona Vacantia and Government Legal Department. The Division publishes a list of unclaimed estates which have been recently referred, but not yet administered, and historic cases […]

Release from social distancing restrictions, in England, is deferred until 19 July 2021, which for most of us, means no change up to that date. We are still required to work from home when we can and maintain the other Step 3 social distancing provisions. However, there are a few additional concessions that will apply […]

COVID disruption has added a further layer to the business risk cake. Do you know how many of your customers are at risk of failure? It is estimated that between 20% and 30% of small businesses, and a sprinkling of larger concerns, will cease to trade as we start to emerge from COVID lockdown; if […]

HMRC have issued the following comments on their adoption of a risk-based penalty strategy for 2021-22. They said: Following HMRC’s review of the effectiveness of the risk-based approach to late filing PAYE and late payment penalties, we can confirm this approach will continue for the 2021 to 2022 tax year. This means that late filing […]