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COVID-19 vaccinations mandatory for care homes staff

COVID-19 vaccinations mandatory for care homes staff

05-08-2021

The Health and Social Care Act 2008 (Regulated Activities) (Amendment) (Coronavirus) Regulations 2021 have now been approved by both House of Parliament and will come into force on...

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Pub secures reduced tied rent and discounts

Pub secures reduced tied rent and discounts

05-08-2021

The Pubs Code Adjudicator is responsible for enforcing the statutory Pubs Code. The Pubs Code regulates the relationship between all pub companies owning 500 or more tied pubs in...

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VAT inclusive and exclusive prices

VAT inclusive and exclusive prices

05-08-2021

When identifying the amount of VAT charged, it is important to distinguish between VAT inclusive and VAT exclusive prices. A VAT inclusive price includes VAT at the prevailing...

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When is a company dormant for tax purposes?

When is a company dormant for tax purposes?

05-08-2021

If a company has stopped trading and has no other income then the company is usually classed as dormant for Corporation Tax purposes. A company is usually dormant for Corporation...

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Further change to SEISS 5 legislation

Further change to SEISS 5 legislation

05-08-2021

HM Treasury has published a Correction Treasury Direction made under the Coronavirus Act 2020, section 76, which modifies and extends the effect of the Self-Employment Income...

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Décor and plant and machinery allowances

Décor and plant and machinery allowances

05-08-2021

Capital Allowances are the deductions which allow businesses to secure tax relief for certain capital expenditure. Capital Allowances are available to sole traders, self-employed...

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IHT change of domicile

IHT change of domicile

05-08-2021

It is possible in certain circumstances for an individual to have two domiciles although this is unusual. There is a concept in the UK of deemed domicile, whereby any person who...

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Tax Diary August/September 2021

Tax Diary August/September 2021

29-07-2021

1 August 2021 - Due date for Corporation Tax due for the year ended 31 October 2020. 19 August 2021 - PAYE and NIC deductions due for month ended 5 August 2021. (If you pay your...

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Reforming statutory sick pay

Reforming statutory sick pay

29-07-2021

Following its summer 2019 consultation entitled “Health is everyone’s business: proposals for reducing ill health-related job loss”, the government has now published...

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SEISS – more red tape

SEISS – more red tape

29-07-2021

Government support to the self-employed through the Self-Employment Income Support Scheme (SEISS) is due to end on 30 September 2021. A fifth and final grant covering the period...

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Tax-free gains on gifts to spouse or charity

Tax-free gains on gifts to spouse or charity

29-07-2021

In most cases, there is no Capital Gains Tax (CGT) to be paid on the transfer of assets to a spouse or civil partner. There is, however, still a disposal that has taken place for...

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Who pays Inheritance Tax?

Who pays Inheritance Tax?

29-07-2021

Inheritance Tax (IHT) is commonly collected on a person’s estate when they die but can also be payable during a person’s lifetime on certain trusts and gifts. The rate of IHT...

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Turnover defined for 5th SEISS grant

Turnover defined for 5th SEISS grant

29-07-2021

HMRC has published new guidance to help the self-employed calculate their turnover for making a claim under the 5th Self-Employment Income Support Scheme (SEISS) grant. The final...

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Who counts as CIS contractor or sub-contractor?

Who counts as CIS contractor or sub-contractor?

29-07-2021

The Construction Industry Scheme (CIS) is a set of special rules that affect tax and National Insurance for those working in the construction industry. Businesses in the...

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Continuous employment defined

Continuous employment defined

29-07-2021

When a new employee is added to the payroll it is the employers' responsibility to ensure they meet the employees’ rights. One of the issues that must be considered is the...

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