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Category Archives: Business News

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Workers can continue to claim home working tax allowance in the new tax year

Posted on May 19, 2021 by Howard Roth
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One unexpected bonus for staff forced to work from home because of the pandemic has been a £6 per week tax break. People will have seen their household bills naturally go up over the last year, from increased working at … Continue reading →

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COVID forces businesses to change direction

Posted on May 19, 2021 by Howard Roth
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The devastating effects of the pandemic have meant small businesses in the UK have changed the direction of their organisations to survive the impact of the Coronavirus pandemic and lockdown restrictions. More than a year on from the start of … Continue reading →

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HMRC unveils penalty regime for VAT deferral scheme

Posted on May 19, 2021 by Howard Roth
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Companies that signed up to the VAT deferral scheme have been warned they face a five per cent penalty if they do not make payment arrangements by 30 June this year. Over half a million businesses deferred VAT payments last … Continue reading →

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Inheritance tax reporting to be simplified

Posted on April 13, 2021 by Howard Roth
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Rules coming into effect from 1 January 2022 will mean that nine in 10 estates that are not subject to Inheritance Tax (IHT) will no longer need to complete IHT forms as part of the probate process. Meanwhile, a temporary … Continue reading →

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Coronavirus insolvency measures extended until the end of June

Posted on April 13, 2021 by Howard Roth
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To help businesses with the ongoing impact of the pandemic the Government has decided to extend measures in the Corporate Insolvency and Governance Act (the Act) to protect struggling companies. The extension to the measures introduced in the Act, includes … Continue reading →

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