Investing and trading in cryptocurrency; know how to tax it

HMRC have been keen to ensure that all individuals and businesses are paying the correct levels and amounts of UK tax on their cryptocurrency and other crypto assets. So if this is you, it is vital that you are aware of your tax obligations. Investing and trading in cryptocurrency has become increasingly popular over the […]

Autumn Budget 2021 – Budget Brochure

Autumn Budget 2021 – Budget Brochure The Chancellors autumn budget was released on Wednesday 27 October 2021. Whilst a lot of the budget was known before the official announcement there was a lot more detail released on the day. It remains to be seen how the country will financially recover from the Coronavirus pandemic, but […]

Hospitality VAT Rate Change

On 8 July 2020 the government announced it would introduce a temporary reduced VAT rate of 5% to certain supplies relating to hospitality, hotel and holiday accommodation and admission to certain attractions. The reduced rate was intended to help hospitality and hotel businesses through difficult trading conditions as a result of the Covid-19 pandemic. The […]

Electric cars just got even more tax attractive

The government’s recent announcement of a 1.25% health and social care levy may have broken their election manifesto pledge in the eyes of many, but it has also made the switch to an electric company car even more attractive for company owners and employees. In April 2020 the government introduced an enormously enticing tax break […]

New appointment boosts firm’s tax offering

Pictured: Neil Whittingham and Scott Lees Wigan based accountancy and business advisory firm NR Barton has appointed former top ten tax advisor Scott Lees to head up its tax offering. Scott, a former Tax Manager at Azets (formerly CLB Coopers) in Bolton, specialises in personal and corporate tax advisory for owner managed businesses. He has […]

National Insurance and income taxes increased to pay for a new social care levy

The Government have today announced the introduction of a new Health and Social Care Levy based on National Insurance Contributions. The purpose of the change is to ringfence and fund investment in health and social care. The changes are expected to raise over £12bn per year for the Treasury. The proposal as presented by Prime […]

Firms still owe HMRC billions after VAT holiday

More than one in four businesses that were allowed to defer tax payments during the spring lockdown last year still owe the Treasury billions. A total of 156,500 out of 590,000 businesses that took advantage of Rishi Sunak’s VAT deferral between March and June have failed to make contact with HM Revenue and Customs (HMRC) to pay […]

VAT Deferral: New Payment Scheme

VAT Deferral: New Payment Scheme How can I opt-in to the new payment scheme? How many instalments can I pay my deferred VAT in? I am having difficulty using the online service, what can I do? What if I am still not able to pay my deferred VAT? If you deferred VAT between 20 March […]

COVID-19: Chancellor announces ‘Winter Measures’ support package

Rishi Sunak has today announced his ‘Winter Measures’ support package to help businesses, employees and individuals through the ongoing troubles of the global COVID-19 pandemic. The Chancellor announced a package of measures that includes a new Jobs Support Scheme, extending the Self Employment Income Support Scheme and 15% VAT cut for the hospitality and tourism […]

Eat out to help out scheme details

The government has launched its latest scheme to support the struggling hospitality sector on 3 August, based on the initial uptake it has proved to be popular with the scheme being used more than 10.5 million times in the first week. The scheme has already had an impact on the high street with data recorded […]