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Omicron (Covid-19) Hospitality and Leisure Grant

What is the new grant? On 21st December the Government announced additional support that would be made available to help businesses who have been impacted by the Omicron variant. The new grant is available to the hospitality, leisure and accommodation businesses that have and are still experiencing economic difficulties and will be issued as a....

New Government funding introduced

The Government is introducing a new grant scheme to support businesses that are experiencing difficulties because of the Omicron variant.   Additional Restrictions Grant   The Additional Restrictions Grant (ARG) will also be topped up so local authorities (LAs) can continue to use their discretion to support other businesses in their area, based on local....

What tax reliefs are available on festive treats for your team?

As the season of presents and parties descends upon us, in person events are welcomed by many. Over the festive period there is a lot to be considered, we want to ensure that worrying about tax isn’t added to your ever-growing list.   Events Most businesses have the same question ‘Is our Christmas party is....

The Red Diesel Reform

The Red Diesel Reform   The government is making changes to the way Red Diesel is taxed from 1st April 2022. These new restrictions will result in no tax relief for several industries meaning they can no longer use it.     What is red diesel? This is diesel that has been dyed red to....

UK Capital Gains Tax on property

Last year, the government introduced a new reporting requirement for UK residents disposing of residential property on or after 6 April 2020. Where a capital gains tax (CGT) charge arises, taxpayers now need to submit a return (UK property CGT return) to report the disposal of UK residential property and make a payment on account....

Autumn Budget 2021

We know the budget can usually be a little too much information in a short space of time. That’s why we always ensure we do a budget round up. The essence of the budget was to create a ‘stronger economy for the British people’ with the ‘levelling-up’ agenda.   Four Fiscal Rules In the opening....

Plastic Packaging Tax (PPT)

With COP26 just around the corner and The Waterline Summit 2021 taking place this week solidifying the importance of the Humber region on the UK’s journey to becoming carbon neutral, we thought this week’s blog was very topical.     What is the Plastic Packaging Tax?   The Plastic Packaging Tax (PPT) – will be introduced....

What is MTD and why has it been delayed?

  Late last month it was announced that MTD for income tax self-assessment (MTD ITSA) would be postponed (again) to April 2024. The most concerning part is that more people are likely to be aware for the delay than know about MTD itself. Hence why we have decided to highlight this in today’s blog.  ....

The furlough scheme is ending

When announcing the last budget, the Government said they were expecting the economy to have sufficiently recovered by the end of September and as a result are ending the furlough scheme on 30th of this month.   The final month of the scheme allows claims of up to 60% of the employee’s usual pay with....

How will the increase in National Insurance impact on you?

  Following speculation in the media, the Government have confirmed that there will be in an increase in National Insurance Contributions (NIC) from April 2022.   Unfortunately for many, it doesn’t stop there, with the rise also impacting employers and those who receive a dividend.     What are National Insurance Contributions? The state benefit....