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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....

Childcare cost support from HMRC

The beginning of September always brings a new routine for parents as children start going back to schools and nurseries.   With that, more employees are going back to work full time due to the withdrawal of CJRS support and less working from home as more of the country receive their vaccinations.   For these....

Help To Grow (Government Funded)

As promised from a previous budget, the Help To Grow Management programme has now been launched.   The idea behind the 12-week programme is that increased productivity with create growth for businesses and in turn help the UK’s economic recovery.   Following a tough 18 months, the new government course (which is partly subsidised) aims....

Are you declaring your pension contributions correctly?

HMRC have recently announced that thousands of people are failing to declare pension tax charges which could result in large tax bills. This can lead to an unexpected and costly tax bill.   It is assumed that many people who put money into their pension each year are unaware of the declarations they need to make....

Booking early could save you VAT

In July of last year, an emergency budget was announced which saw Rishi Sunak introduce a temporary 5% rate of VAT which applied to most supplies made by the hospitality sector. This included cafes, restaurants, pubs, hotels, tourist attractions and more.   This 5% rate has been applicable ever since but will increase to 12.5%....

Tax benefits on electric vehicles

With the UK Government’s ambitious plans to accomplish net zero emissions by 2050, the general public and businesses must play their part. Tax incentives to encourage people to make a change have been introduced and with our brand-new electric charging point at the office, electric vehicles are a great place to start.   Last month....

The Future Farming Resilience Fund

The UK leaving the EU means no longer being part of the EU’s Common Agricultural Policy.   For this reason, the Government has set out plans for a seven-year agricultural transition to the new system which will reward farmers for environmental improvements alongside food production on their land.   One of the new schemes, labelled....

What to expect from an HMRC investigation.

  Tax enquires have been on the rise over the past few years and generate around £20 billion for HMRC. With the announcement of a recruitment drive to their compliance department, it’s unlikely HMRC plan to slow any time soon, in fact, we suspect quite the opposite. That’s why we felt like now would be....

Despite ‘Freedom Day’ being on the horizon, The Coronavirus Job Retention Scheme (CJRS) continues to support many businesses and will do so until it ends in September.   The scheme was extended earlier this year in the spring budget but will be withdrawn in stages over the next three months.   The withdrawal of this....