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....
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....
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....
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 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....
Businesses who are required to use Making Tax Digital (MTD) for VAT but not registered could face fines of up to £400, it has been warned. HMRC have reportedly written to over 100,000 businesses who are currently non-compliant with the changes. Under the new rules, VAT-registered businesses with a taxable turnover above the....
Last year due to the pandemic, the government increased the work from home allowance to £6 per week. The tax break came as a welcome, unexpected bonus for many employees. It was recognised that household bills would naturally rise from more people spending more time working at home whether that be heating or internet....
When the UK left the European Union on 1st January 2021 it brought about a new set of tax and customs rules for businesses that trade goods or services across EU borders. As a result, the Government announced an SME Brexit Support Fund – a new grant that established businesses in the UK can use for....
On 8th July 2020 the Chancellor, as part of his plan for jobs, introduced the Kickstart Scheme. Initially this was only being offered to larger businesses who could create a minimum of 30 jobs and since its launch in September has created over 120,000 jobs. Earlier this month, thanks to a campaign from hundreds....
It can be difficult to keep track of the various coronavirus schemes available and when you need to take action to make sure you do not miss out. To help you, in this blog post we provide a timeline, in order of dates occurring soonest, some going right through to 2030. We also provide....