Latest Tax News

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27-05-2020
Additional funding for charities and social enterprise

Additional funding for charities and social enterprise

The government's dormant assets scheme allows money in accounts that have been dormant for at least 15 years to be made available for certain qualifying charitable and community causes. The ... read more

27-05-2020
Further support for charities from VAT receipts

Further support for charities from VAT receipts

It has been revealed by HM Treasury that the VAT collected on donated personal protective equipment (PPE) will be given to charities supporting the NHS and care workers. This measure will apply to all ... read more

27-05-2020
Apply for NIC Childcare Credits

Apply for NIC Childcare Credits

National Insurance credits can help qualifying applicants to fill gaps in their National Insurance record. This can assist taxpayers to build up the amount of qualifying years of National Insurance ... read more

27-05-2020
Reimbursing expenses for home office equipment

Reimbursing expenses for home office equipment

HMRC has updated its guide for employers who have employees working from home due to the COVID-19 outbreak. This could be a result of the workplace being closed or because employees are following ... read more

27-05-2020
Employee car ownership schemes

Employee car ownership schemes

An Employee Car Ownership Scheme (ECOS) is a set of arrangements whereby employees acquire cars from a specified, often single source and within a specified financing framework. The use of an ECOS can ... read more

27-05-2020
New HM Treasury instructions re CJRS

New HM Treasury instructions re CJRS

The Chancellor, Rishi Sunak has made a further Treasury Direction under sections 71 and 76 of the Coronavirus Act 2020 concerning the Coronavirus Job Retention Scheme (CJRS). The CJRS currently helps ... read more

27-05-2020
Estate Agents who may be exempt from Money Laundering registration

Estate Agents who may be exempt from Money Laundering registration

HMRC is responsible for the money laundering supervision of a number of businesses including estate and lettings agents. Estate agency businesses that HMRC is responsible for supervising should be ... read more

27-05-2020
Rules on waiving income or donating to charities

Rules on waiving income or donating to charities

HMRC has published a new press release that provides some advice for people choosing to give up their income to support their business or donate to charity during the Coronavirus (COVID-19) ... read more

27-05-2020
New advisory fuel rates published

New advisory fuel rates published

Advisory fuel rates are intended to reflect actual average fuel costs and are updated quarterly. The rates can be used by employers who reimburse employees for business travel in their company cars or ... read more

26-05-2020
Tackling redundant stock

Tackling redundant stock

Many retailers and manufacturing businesses have stock on their shelves gathering dust. There are compelling reasons for tackling this issue as we cautiously emerge from lock-down. For example, ... read more