To help companies realising losses as a result of the Covid-19 pandemic, the loss relief rules were amended to provide for an extended carry-back window. Where companies are making a claim for relief under the extended carry-back rules, the claim...
Accounting News
Cryptocurrency – What Is A Sale – Gain Or Income?
Cryptocurrencies, such as Bitcoin, are a type of electronic cash; designed to stand apart from any government or bank they work through a computer network. Records confirming Individual ownership of the 'coins' are stored in a digital ledger with secure transaction records. Coins can...
MTD For VAT For All
Under Making Tax Digital (MTD) for VAT, VAT-registered traders must keep electronic records and file their VAT returns electronically using software that is compatible with MTD for VAT. Prior to 1 April 2022, MTD for VAT was only mandatory for...
Spring Statement 2022: What You Need To Know
Chancellor Rishi Sunak, delivered his Spring Statement (and mini budget) on 23rd March 2022. With pressure on him to help ease the cost of living crisis, and the impact of the ongoing conflict in the Ukraine, we take a look...
Employed? What The Forthcoming National Insurance Increases Will Mean For You
To help meet the costs of health and adult social care, a new levy, the Health and Social Care Levy, is introduced from 6 April 2022. Payment of the levy, which is set at the rate of 1.25% of qualifying...
Electric Company Cars – Are They Still Tax-Efficient?
Tax policy is used to influence behaviour as well as to collect revenue. One example where this is the case is the company car tax rules which tax high emission cars heavily and reward drivers for choosing electric and low...
Reporting And Paying Tax On UK Residential Property Gains
Reporting and paying tax on UK residential property gains Where a chargeable gain arises in respect of a UK residential property, since April 2020, the gain must be reported to HMRC and a payment made on account of the associated tax...
Electric Charging Points – Is There A Tax Liability?
Electric charging points – Is there a tax liability? As part of the Government’s push to encourage drivers to ‘go electric’, the Transport Secretary, Grant Shapps, announced an extension to a £50 million Government fund to install electric charge points. The...
Autumn Budget 2021: What You Need To Know
On the 27th October 2021, Chancellor Rishi Sunak unveiled the contents of his Budget in the House of Commons. Setting out the government's tax and spending plans for the year ahead, Mr Sunak said his plans were focused on the...
SME’s Across Stoke-on-Trent Can Apply For grant Funding To help Them Get The Most From Digital Technology
Small and medium-sized businesses across Stoke-on-Trent can now apply for grant funding to help them get the most from digital technology. Grants of up to £10,000 are available to support digital marketing, website design, and the use of digital platforms and...