News
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Furlough scheme starts to wind down
Published by Michael Graves on Wed, 07/07/2021 - 8:36amThe government's Coronavirus Job Retention Scheme (CJRS) begins winding down from 1 July.
The latest data from the Institute for Fiscal Studies (IFS) shows that at the end of April 3.4 million jobs were still on furlough so the change to the furlough scheme will affect thousands of employers across the country.
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Forms P11D - reporting employee benefits
Published by Michael Graves on Thu, 17/06/2021 - 3:23pmThe forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2021, are due for submission to HMRC by 6 July 2021. The process of gathering the necessary information and completing the forms can take some time, so it is important that this process is not left to the last minute.
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Advisory fuel rates for company cars
Published by Michael Graves on Thu, 17/06/2021 - 3:19pmNew company car advisory fuel rates have been published and took effect from 1 June 2021.
The guidance states: 'You can use the previous rates for up to one month from the date the new rates apply'. The rates only apply to employees using a company car.
The advisory fuel rates for journeys undertaken on or after 1 June 2021 are:
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Trade credit insurance scheme to close
Published by Michael Graves on Thu, 17/06/2021 - 3:17pmThe temporary Trade Credit Reinsurance (TCR) scheme that helped struggling supply chain firms secure insurance protection during the pandemic will close at the end of June, it has been confirmed.
In a statement, the government and the Association of British Insurers said the scheme will close on 30 June as planned.
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Effectiveness of OTS set to be reviewed by Treasury
Published by Michael Graves on Tue, 15/06/2021 - 10:53amThe Treasury has launched a review into the effectiveness of the Office of Tax Simplification (OTS), the independent body responsible for helping to make the UK tax system simpler and easier to interact with for taxpayers.
In a new call for evidence, the Treasury said that whilst the review is internal, it is keen to gather the views that stakeholders, businesses, tax professionals and academics have on the OTS.
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Government confirms start date for Plastic Packaging Tax
Published by Michael Graves on Tue, 15/06/2021 - 10:52amThe UK government has confirmed that its plastic packaging tax (PPT) will come into force on 1 April 2022.
The PPT will be charged at a rate of £200 per metric ton of chargeable plastic packaging components of a single specification.
It will apply to plastic packaging components manufactured in or imported into the UK.
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NIC reliefs set for Freeports
Published by Michael Graves on Fri, 11/06/2021 - 12:00pm -
HMRC's VAT Deferral New Payment Scheme to close this month
Published by Michael Graves on Thu, 10/06/2021 - 3:02pm -
Fifth SEISS grant will be open to claims from late July
Published by Michael Graves on Wed, 09/06/2021 - 9:05am