Further grants . Before Budget 2021 the Chancellor had already announced third and fourth instalments of the Self-Employment Income Support Scheme (SEISS) payments for sole traders, and members of partnerships, whose income had been hit by the pandemic. The Budget brought the welcome news that there will be a fifth payment. Wider application. While the same general conditions [...]
The Sunday Times has published an article suggesting that more and more regular workers are turning to tax avoidance schemes. Is this right, and if so what do you need to look out for? The Sunday Times published a table this weekend showing the “biggest tax avoiders by location” , showing that the area with the most [...]
Minimise the VAT bill on a building conversion You have purchased the freehold of an office block to convert into six flats to let commercially. You cannot claim input tax on the project costs because rental income is exempt. How can you minimise your VAT bill on the building conversion? Basic Facts You intend to [...]
The start of a new tax year is always a cause of concern for anyone involved in payroll. There are so many new rates, thresholds and other changes to be incorporated. What are the key ones to look out for this time around? Tax rates and thresholds There is a small increase in the personal [...]
The message from the Chancellor was that this is a Budget with three aims: • protecting the jobs and livelihoods of the British people • strengthening the public finances • supporting an investment-led recovery You can read the individual measures and details of some of the numerous consultations below. *I HAVE DETAILED PDF REPORTS [...]
Getting your company to buy your home You’re moving to take advantage of the stamp duty holiday. You already have a mortgage offer but as your company has the funds would it be more tax efficient for it to buy your new home? Company home ownership Using your company to buy your home was once [...]