Blogs

National Minimum Wage changes from April 2021

National Living Wage and National Minimum Wage changes from April 2021 Under the minimum wage legislation, workers must be paid at least the statutory minimum wage for their age. There are two types of minimum wa...

Electric cars from April 2021 – what you need to know!

Electric cars from April 2021 For 2020/21, it was possible to enjoy an electric company car as a tax-free benefit. While this will no longer be the case for 2021/22, electric and low emission cars remain a tax-efficient benefit. How are electric cars taxed?...

Are you trading? Tax implications you need to know about!

Are you trading? Lockdown restrictions have forced many businesses to close temporarily. Selling goods or clothes on sites such as eBay and Depop offers the opportunity to raise some much-needed cash in these difficult times. However, it is important that you know the asso...

Auto-enrolment – employers, do you know your duties?

Auto-enrolment – Re-enrolment and re-declaration of compliance The Covid-19 pandemic has introduced many challenges for employers. However, despite the pandemic, their responsibilities in relation to auto-enrolment remain the same. An employer’s on-going duties include...

Leaving the VAT Flat Rate Scheme

Leaving the VAT Flat Rate Scheme The VAT Flat rate scheme is a simplified scheme for smaller businesses. Under the flat rate scheme, VAT-registered traders pay a fixed percentage of their VAT inclusive turnover to HM...

Check if you can reclaim SSP paid to employees due to coronavirus

Reclaiming SSP for periods of self-isolation The Coronavirus Statutory Sick Pay Rebate Scheme allows smaller employers to reclaim some or all of the Statutory Sick Pay (SSP) paid to employees who are absent from work due to a Coronavirus-related absence. ...

Make the most of the dividend allowance until April

Make the most of the dividend allowance The 2020/21 tax year comes to an end on 5 April 2021. The last few months of the year are a good time to undertake a review and to ensure that your dividend allowance for the year is not wasted. Nature of the dividend al...

What tax do I need to pay by 31 January 2021?

What tax do I need to pay by 31 January 2021? The self-assessment tax return for 2019/20 must be filed by midnight on 31 January 2021. If you miss this deadline, you will automatically receive a late filing penalty of £100, regardless of whether you owe a...

Have you got your EORI number?

Have you got your EORI number? From 1 January 2021, you will need an Economic Operators Registration and Identification (EORI) number to move goods between GB and the EU. Prior to this, you only needed an EORI number if you moved goods between the UK and n...

Utilise the trivial benefits exemption to provide tax-free Xmas gifts

The Covid-19 pandemic has placed the office Christmas party firmly off the menu this year. Regardless of what restrictions are in place over the Christmas season, many employers will want to take the opportunity to spread some seasonal cheer amongst workers, who may have been furloughed or working f...

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