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.
Flexibility on Paying Back Bounce Back Loans
Over a million businesses who took out Bounce Back Loans will get more time through a new Pay as You Grow flexible repayment system.
Deferral of VAT Payments Due to Coronavirus
Half a million businesses who deferred their VAT bills will be given more breathing space through the New Payment Scheme.
Statutory Sick Pay for Employees due to Coronavirus
From 26 August 2020 you can claim for employees who have been notified by the NHS to self-isolate before surgery.
Changes to CJRS | Paying CJRS Grants Back
Updated guidance on how to perform usual hours calculations where employees come off furlough partway through a claim period.
Businesses to Prepare for Test and Trace
This guidance applies to any establishment that provides an on-site service and to any events that take place on its premises.
Kickstart scheme launches in November!
The £2 billion Kickstart Scheme is designed to create thousands of new, fully subsidised jobs for young people across the country.
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.