With 2020 having been dominated by Covid-19 and its implications Brexit has, until now, taken a bit of a back seat. And yet, come the end of the year, when the transition period ends, there are some significant implications for all businesses. Key things you need to be aware […]
Tag Archives: Tax
12
Oct
Oct
You may be able to claim tax relief for additional household costs if you have had to work at home on a regular basis, this includes if you have to work from home because of coronavirus (COVID-19), either for all or part of the week. Additional costs include things like heating, metered […]
06
Oct
Oct
You will be aware that HMRC allowed Self Assessment taxpayers struggling to pay their 2019-20 tax bill due to coronavirus (usually due by 31st July 2020) to opt to settle the majority of this on 31st January 2021 instead. For people with cashflow issues this will have been a welcome […]
17
Aug
Aug
Robson Laidler believes the Government has done a good job supporting many businesses throughout the Covid-19 crisis, but we now need greater clarity on measures put in place to help SMEs survive the deluge of debt so many will face in early 2021. One of the biggest issues facing the […]
27
Jul
Jul
R&D tax relief for SMEs is so generous that it is considered to be a Notified State Aid by the European Commission. The problem is that much of the financial support brought in by the Government for businesses during the Coronavirus pandemic is also considered to be Notified State […]
23
Jul
Jul
The deadline for submission of forms P11D and P11D(b) to HMRC advising of benefits in kind provided to employees, is 7 July 2021. Employers need to look at this now, particularly as the provision of company cars and furlough may provide problems. A benefit in kind tax charge arises where […]
22
Jul
Jul
Stamp duty land tax (SDLT) costs have been reduced following the Government announcement in the Summer Statement. There is a temporary reduction in SDLT rates for residential completions that take place between 8 July 2020 and 31 March 2021, raising the nil rate threshold to £500,000 from £125,000. The reduction […]
21
Jul
Jul
Have you recently sold a residential property in the UK? If so, it is important you understand new tax rules, which might mean you need to report and pay Capital Gains Tax within 30 days. Over recent weeks COVID-19 has dominated the headlines and any new tax developments have […]
Blog, Financial Planning, Pensions, Personal Finance, Retirement, Tax, Wealth
Pension death benefits – right pension, right nomination, right now?
16
Jul
Jul
A reported surge* in people wanting to write or amend their wills at the start of COVID-19 (with some legal firms claiming a jump in demand of up to 76%), tells us that the pandemic has sharply focused peoples’ minds on making sure their affairs are in order and that […]
The Government has today (15.07.20) temporarily reduced the VAT rate to 5% (from 20%) in order to support the hospitality sector on certain good or services. This reduction will apply to food and non-alcoholic drinks supplied by restaurants, pubs, bars, cafes and to hot take-away food outlets. The reduced rate […]