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VAT RATES FOR HOSPITALITY SECTOR DUE TO INCREASE FROM 1 APRIL

VAT RATES FOR HOSPITALITY SECTOR DUE TO INCREASE FROM 1 APRIL

Date posted: 15th Mar 2022

Early in the COVID-19 pandemic, the Chancellor reduced the rates of VAT for the leisure and hospitality sector to just 5%. That reduced rate applied from 15 July…

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Investment Review of 2021

Investment Review of 2021

Date posted: 26th Jan 2022

2021 continued to be dominated by COVID-19 however, on a positive note over seven billion COVID-19 vaccines were administered worldwide over 2021, helping life to return to a…

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HMRC move the accounting date goalposts for up to half a million businesses

HMRC move the accounting date goalposts for up to half a million businesses

Date posted: 10th Jan 2022

Businesses need to be aware of plans by HMRC to reform reporting dates which could impact on upcoming tax liabilities advises Lee Watson, tax partner at Clive Owen…

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The future of UK grant funding

The future of UK grant funding

Date posted: 6th Jan 2022

The Shared Prosperity Fund – the future of UK grant funding? Many regions of the UK, including the North East and Yorkshire, have historically benefited from good availability…

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Tax relief for pre-trading expenses

Tax relief for pre-trading expenses

Date posted: 5th Jan 2022

There is a lot of preparation involved in setting up a business, and costs will be incurred, which may be substantial. Before it is able to start trading,…

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Using your capital gains tax allowance

Using your capital gains tax allowance

Date posted: 5th Jan 2022

All individuals are entitled to an annual exempt amount for capital gains tax purposes. Net gains (chargeable gains less allowable losses) for the tax year are free of…

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Struggling to pay your tax bill – what should you do?

Struggling to pay your tax bill – what should you do?

Date posted: 5th Jan 2022

The January self-assessment payment deadline is not well timed, falling as it does in a month when people may be already struggling to pay their Christmas credit card…

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Do I need to top up my state pension?

Do I need to top up my state pension?

Date posted: 5th Jan 2022

A full state pension is payable to people who have 35 qualifying years. Individuals who have less than 35 qualifying years, but at least 10 qualifying years are…

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Property expenses whilst there are no tenants – can you get tax relief?

Property expenses whilst there are no tenants – can you get tax relief?

Date posted: 5th Jan 2022

Unfortunately a common scenario for landlords, but there are times when a residential property does not have a tenant. This could be periods when the property is empty,…

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Tax deadlines on the horizon

Tax deadlines on the horizon

Date posted: 5th Jan 2022

As the clock struck midnight on 31 December 2021, attention may have turned to your plans for 2022 – booking holidays, seeing friends or getting back to the…

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