News

As of this week, the government have passed The Economic Crime and Corporate Transparency Act 2023. This bill aims to improve transparency and end the reputation the UK has built over the years as a laundromat for Russian money and international tax avoidance.  Unfortunately the implications of cracking down on this activity means a steep…

As clients (who read our recent blogs or emails) will be aware HMRC are introducing a major revamp of the R&D rules for all claims submitted after 1 August 2023.  This covers returns for all accounting periods beginning on or after 1 April 2023. As an additional trap, you can now no longer make retrospective…

Unfortunately, just when it appeared that HMRC’s services had reached absolute rock bottom, Jim O’Hara, the chief executive, has found new ways to slash the quality of the service.   From June onwards taxpayers will no longer be able to speak to HMRC about any of their self assessment affairs for a period of three…

Last week there was a bit of a flurry in the press around the Government potentially backing a proposal by the Federation of Small Businesses and the Association of Chartered Certified Accountants to pay company directors who are compensated via Dividends an equivalent of the SEISS grants. https://www.ft.com/content/e6277d45-0383-4c46-84f7-00d53a741026 Under the proposed scheme, company directors who…

Further to our last post about the Job Support Scheme, we have to warn you that it is no longer relevant as of Monday.  The government have delayed its introduction for another month, instead they have extended the older more generous scheme and will pay 80% of furloughed employee’s wages with employers covering employer’s NIC and pension…