Blog
All the latest changes to tax legislation- important tax dates and deadlines, Help-Sheets on managing your personal finances, business news & opinion, as well as updates on what’s happening at Rawcliffe’s.
Live Streaming as a marketing tool
During lock-down, many businesses have turned to webinars as a way to market themselves. Live streaming is a development of this…
Running effective meetings - virtually
Despite lockdown restrictions, many businesses have found ways to move their operations online, with all staff working remotely.
Property Business Class 2 NICs
Class 2 National Insurance Contributions (NICs) are currently paid at the rate of £3.05 per week by self-employed earners.
MTD For VAT for all VAT Registered Businesses in 2022
Most businesses will have 2 years to prepare and test the service. From April 2022 these requirements will apply to all VAT-registered businesses.
Notify HMRC of Overclaimed CJRS Grants
HMRC has said that it will be lenient in relation to genuine mistakes; penalties will be charged only in cases of deliberate non-compliance.
CJRS: If you’ve claimed too much or not enough
From September 1, the government grant towards the employee wages will be reduced to 70%, then to 60% from October 1.
The New Business Kit
Rawcliffe's brand new free guide 'The New Business Kit 2020-2021' contains the financial, tax and accounting considerations of starting a new business.
Improving Your Sales Strategy
Take the time to ask those who went elsewhere for feedback. Ask them why they chose to go with another product…
Returning From Furlough
As employees begin returning from furlough, business owners and managers need to consider both the practical and emotional aspects of returning to “normal”
High Income Child Benefit Charges
A recent tax tribunal has ruled against HMRC who were seeking to raise tax assessments for the High Income Child Benefit Charge (HICBC) for earlier years that had not been reported to HMRC.
Rumours of CGT Increaases
There has been a lot of speculation in the Press that the Chancellor may introduce radical changes to capital gains tax to stat to repay the substantial Government borrowings…
Reporting Property Gains Within 30 Days
Since 6 April 2020 where UK residential property is disposed of, the resulting capital gain needs to be reported and the capital gains tax paid within 30 days of completion of the disposal.
Buy-to-Let Landlords Welcome SDLT Cut
Thus, the rate of SDLT on a second home costing up to £500,000 is now 3%. Previously, the rate was 3% up to £125,000, then 5% up to £250,000 and then 8% up to £825,000.
More Details on Hospitality VAT Reduction
When the Chancellor announced a temporary cut in the rate of VAT for the hospitality sector in his Summer Statement on 8 July there were some areas that needed clarification.
New Plans for UK Internal Trade
From 1 January 2021, powers in at least 70 policy areas previously exercised at an EU level will flow directly to the devolved administrations in Edinburgh, Cardiff, and Belfast for the first time.
Voluntary Strike Off Process
In March 2020, CH introduced temporary easement measures to suspend voluntary strike off action in response to coronavirus (COVID-19); they have reviewed these measures each month.
Register for Eat Out To Help Out
Establishments serving food for on-premises consumption can now sign up to a new government initiative aimed at encouraging people to safely return to dining out.
CJRS: Claiming for Non Employees
From 1st July “Flexible Furlough” was introduced and the calculations and time recording of full-time, part-time and fully furloughed employees has become more complicated.