Yearly Archives: 2020


HM Revenue & Customs’ E...

Event date: 1st Jan 1970

During the initial stages of the COVID-19 pandemic, HM Revenue & Customs (HMRC) re-assigned staff members to make sure that there was sufficient human resource to allow businesses…

HM Revenue & Customs’ Enquiries are on the Rise!
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Subcontractors and VAT on In...

Event date: 1st Jan 1970

If you are introducing subcontractors to install or fit products that you sell to customers, then you need to take care to ensure that you do not end…

Subcontractors and VAT on Installation/Fitting
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Still considering an electri...

Event date: 1st Jan 1970

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 which also…

Still considering an electric company car?
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Get ready for leaving the EU...

Event date: 1st Jan 1970

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 will have…

Get ready for leaving the EU on 1 January 2021
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Capital allowances – c...

Event date: 1st Jan 1970

Breaking news update – Government extends £1m Annual Investment Allowance  cap to 1 January 2022 The Government has extended the £1m Annual Investment Allowance cap to 1 January…

Capital allowances – cliff edge approaching?
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CBILS is set to close

Event date: 1st Jan 1970

The Coronavirus Business Interruption Loan Scheme (CBILS) is set to close for applications on 30 September 2020. If you are still thinking about borrowing under the scheme before…

CBILS is set to close
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Errors in furlough claims

Event date: 1st Jan 1970

As you may have read in the press, HM Revenue & Customs believe that up to £3.5bn of furlough monies may have been claimed in either error or…

Errors in furlough claims
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Retirement age and pension p...

Event date: 1st Jan 1970

The government has confirmed that it will increase the age at which people can access their pensions from 55 to 57 in 2028. This means that if you…

Retirement age and pension planning
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Certain Property Business Ow...

Event date: 1st Jan 1970

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 Tax on…

Certain Property Business Owners are Liable to Class 2 NICs
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