Advisory Fuel Rates – 1 March 2021

  Engine Petrol Diesel LPG < 1400cc < 1600cc 10p 10p 9p 9p 7p 7p 1400-2000 1601-2000 12p 12p 11p 11p 8p 8p > 2000cc 18p 12p 12p NB Electric…

Changes to car benefits 2021/22

Benefit in Kind Depending on when the vehicle was registered, changes to the car benefit are set for this coming tax year. With the 0% tax charge on Zero emission…

2021/22 Individual Allowances and Rates thresholds update

Allowances and thresholds update for 2021/22 Personal allowance £12,570 Basic rate band £37,700 Blind person’s allowance £2,520 Married couple’s allowance (born before 6/04/35) £9,125 Income limit for age-related allowances £30,400…

Spring Budget, tell us more!

Following this weeks Budget, many of our clients are requesting further guidance. At this moment in time, we are awaiting more details set to be released next Thursday. May we…

SEISS Update

Following the announcement earlier this week, it has been confirmed that two further grants will be issue to eligible self employed individuals. Most importantly, the assessment period for these grants…

Budget update spring 2021

Following the Chancellor’s Budget on Wednesday, we have updated our resource page for our spring newsletter. Focusing mainly on the budget. If you haven’t taken a look already, download now.…

Self Assessment Late Payment Penalties

Today HMRC has announced that Self Assessment customers will not be charged the initial 5% late payment penalty if they pay their tax or make a Time to Pay arrangement…

How trading conditions affect eligibility for the Self-Employment Income Support Scheme

HMRC has updated its guidance to define what it means by reduced activity, capacity or demand or temporary closure and gives examples of how this could affect eligibility. Claims for…

BREXIT NEWS

For smaller UK businesses exporting to the EU, the new Brexit rules have so far been problematic for many and unworkable for some. One of the unexpected issues that has…

Self Assessment 2021 update

On 25 January HMRC announced that Self Assessment customers will not receive a late filing penalty for their late tax return if they file online by 28‌‌ ‌February. This easement…