Confusion over tax-free childcare scheme affecting its use

Confusion over tax-free childcare scheme affecting its use

Feb 20, 2020

The take-up of the Government’s Tax-Free Childcare scheme which was introduced as a replacement to childcare vouchers has been hindered by a lack of understanding around eligibility and the financial benefits of the scheme. HM Revenue & Customs (HMRC) estimates that ...

Blog, Tax

Hundreds join demonstration against IR35 rule changes

Feb 17, 2020

Hundreds of campaigners have reportedly marched outside Parliament in a demonstration against new off-payroll working rules which are due to come into effect from April this year. The #StoptheOffPayrollTax campaign warns that the rules will damage the economy as employers cut ...

Blog, Business Advice, SMEs

Government launches consultation on plans for new freeports

Feb 13, 2020

The Government has launched a consultation on plans to create up to ten freeports across the UK in a bid to encourage global trade and attract inward investment following Brexit. The proposed freeports will use different customs rules to the remainder ...

Blog, Business Advice, SMEs

Government extends deadline to claim post-Brexit customs support

Feb 11, 2020

The deadline for applying for customs and tariff support has been extended to 31 January 2021, the Government has announced. The grant funding scheme, launched in September 2019, was set to close on 31 January 2020. Under the scheme, small and medium-sized ...

Blog, Tax

Rule change to shorten tax deadline for property sellers

Jan 30, 2020

Experts are warning that buy-to-let landlords and other property owners are at risk of financial penalties due to an obscure change to tax rules. From April, the deadline by which property owners with taxable gains on residential properties are required to ...

Blog, HMRC, Personal accounting, Tax

Last call on tax returns, says HMRC

Jan 28, 2020

HM Revenue & Customs (HMRC) is calling on taxpayers who have yet to submit their tax return to do so urgently. With less than a week to go until the 31 January 2020 deadline, three million taxpayers have reportedly yet to ...

Blog, Business Advice, SMEs

Get up to speed with new off-payroll working rules

Jan 20, 2020

Ahead of the introduction of the new off-payroll working rules, HM Revenue & Customs (HMRC) has published a factsheet outlining the changes and what they mean for small businesses. Under the legislation, officially known as IR35, employers will be held responsible ...

Blog, SMEs

One in five workers looking to start a business in 2020

Jan 16, 2020

According to new research by accounting software provider FreeAgent, one in five (22 per cent) UK employees plan to become their own boss during 2020. The study, which was conducted on 2000 employed people also found that 16 per cent of ...

Blog, Personal accounting

Spotlight On… civil partnerships for mixed-sex couples

Jan 14, 2020

Mixed-sex couples are now able to enter civil partnerships after Parliament passed the required legislation, meaning that the Civil Partnerships, Marriages and Deaths Act has now become law. Couples were able to give notice for the first time from 2 December ...

Blog, Tax

File tax return now to avoid “unnecessary penalties”, says HMRC

Jan 09, 2020

With less than one month to go until the Self Assessment deadline, HM Revenue & Customs (HMRC) is reminding taxpayers of their legal responsibilities. According to the regulator, around 5.4 million taxpayers have yet to file their tax return ahead of ...

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