SEISS and Covid Grants
Please remember that Covid grants, including SEISS, are taxable and must be included on your tax return. HMRC have a record or what you received (if you received any) allocated to your unique tax reference (UTR) and they will expect to see these amounts declared on...
HMRC – Anti money laundering email
We have had reports from clients of an email from HMRC regarding 'Your anti money laundering online supervision account' and controls and processes that you are required to have in place. It appears quite an alarming email but we have been in touch with HMRC and they...
Making Tax Digital – an update
Extension of MTD for VAT VAT-registered traders whose VATable turnover is over the VAT registration threshold of £85,000 must comply with the requirements of Making Tax Digital (MTD) for VAT. This means that they must keep digital records and file their VAT returns...
Tax changes for health and social care
Yesterday the government announced tax changes to fund £12 billion a year to be spent on the NHS and social care across the UK. National Insurance contributions (NICs) will increase by 1.25% for one year only for employees, employers and the self-employed from??...
Rewilding Knowledge – Are tree planting initiatives really helping the planet?
Please follow the link below to read a great little article from our partners at Mossy Earth FYI - the answer is yes, if done correctly https://mossy.earth/rewilding-knowledge/tree-planting-done-wrong for more info on our partnership with Mossy Earth, please click on...
Flexible workplaces
A Labour MP introduced a Flexible Working Bill under Parliament’s Ten Minute Rule. The Bill, if passed, will mean that employers must offer flexible working arrangements in worker contracts and “advertise the available types of such flexibility in vacancy notices.”...
Extended Loss Carry Back for Business
The Extended Loss Carry Back measure announced at Budget enables companies to make claims to carry back losses for a further two years than current rules allow. This temporary extension applies for losses arising in accounting periods ending between 1 April 2020 and...
Covid 19 – An update of available support
Please see the link below for a current update on support available for businesses Support-in-getting-back-to-business-CTX
The Spring Budget – Corporation Tax ‘ super deduction’
Under the new scheme outlined by the chancellor, from 1st April 2021 - 31st March 2023 (i.e for the next 2 years) companies will be able to claim 130% capital allowances on investments in plant and machinery Meaning that you are able to claim tax relief over and above...
Albert the Owl
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albert@robinsonudale.co.uk
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