EV Charge point installation
Electric cars are becoming ever more popular, in particular for business owners due to the huge tax breaks available for electric company cars. But did you know about the grants and tax advantages available for installing EV chargers? The Workplace Charge Scheme (WCS) The UK Government has set strict targets and timeframes in which to […]
HMRC set to reform R&D tax relief system
Following a recent review, HMRC have estimated they have lost out on £311m in the last 2 years alone due to fraudulent and incorrect claims. Consequently HMRC have put plans in place to reform the current R&D tax relief system in an attempt to reduce these issues. HMRC’s first step toward stamping out the apparent […]
Payroll Year End: Are you ready?
Payroll year end is fast approaching and now is the time to act to ensure you have put plans in place to ensure your payroll team are prepared. One of the key things to remember is that you must report to HMRC on the previous tax year by 19 April. At the same time it […]
HMRC confirm R&D offset position
HMRC’s policy team have issued some good news to businesses with the confirmation that R&D tax credit repayment claims will not be subject to offset against tax deferred under a coronavirus scheme. This means that if your business has, for example, deferred its VAT liability these R&D repayable claims will still be repaid to the […]
HMRC write off £4.3bn in Covid payments lost to fraud
HMRC are expecting to recover £1 of every £4 stolen from the public purse by fraudsters during the pandemic. In figures published last week a total of £4.3 billion has been written off. This represents c74% of the total £5.8 billion that was stolen from its emergency Covid-19 schemes that supported swathes of the workforce […]
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 […]
Greater Manchester Clean Air Zone – Wigan Impacted
Greater Manchester is introducing a clean air charging zone from 30th May 2022, with some vehicles having an automatic exemption until the 1st June 2023. The main vehicles impacted will be: Heavy goods vehicles Buses Coaches Hackney cabs and private hire vehicles Minibuses (2023) Vans (Light goods vehicles) (2023) Motorhomes/campervans/motorised horseboxes The area of the zone is significant, as […]
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 […]
End of the road for Furlough
As we reach the final days of September, we prepare for the closure of the ground breaking Coronavirus Job Retention Scheme (CJRS). The one-of-a-kind scheme launched by Rishi Sunak back in March 2020, has been a lifeline for millions of businesses and employees. The scheme has seen several variations and numerous extensions. Most recently 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 […]
