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.
CGT Business Asset Disposal Relief Lifetime Limit
10% CGT rate only applies to the 1st £1 million of qualifying gains in the taxpayer’s lifetime. Many misinterpreted how this limit applies.
More Time To Pay Tax Due On 31 January 2021
Taxpayers who may have difficulty paying the tax due under self-assessment on 31 January 2021 can agree more time to pay with HMRC…
JSS Begins When The Extended CJRS Scheme Ends 2021
JSS Open & Closed were scheduled to commence 1 Nov 2020 & will now commence when the extended CJRS scheme ends…
Furlough Extended to March | Increases to SEISS
Further Changes In Supports For Business: Government extends Furlough to March and increases self-employed support scheme
MMO Fast-tracks Grants Help Ports & Fishing Industry
Applications invited by MMO for grants to help ports or harbours and for health and safety equipment for fishing vessel owners.
The Furlough Scheme Has Been Extended
Employers small or large, charitable or non-profit, are eligible for the extended Job Retention Scheme, which will continue for a further month.
SSP Paid To Employees Due To Coronavirus
The scheme has been updated so employers can ask for a ‘shielding note’ because they are at high risk of severe illness from coronavirus.
Defying The Odds: Our Startup’s Journey 1 Year On
According to the Office for National Statistics, around 80% of businesses in the UK fail within the first year.
Local Lockdown Restrictions Support Grant
The Local Restrictions Support Grant (LRSG) supports businesses that were open but were then required to close for at least 3 weeks.
Job Support Scheme Starts 1 November
The Job Support Scheme (JSS), which was scheduled to come in on 1st November, has been postponed until the furlough scheme ends.
Support For Self-employed Has Been Extended
Government announced more support available for the self-employed in the form of 2 grants, each available for 3-month periods.
Where Do You Find Your Calm? World Mental Health Day
Members of our team have been sharing the activities and hobbies that help with supporting their mental health and well-being.
New Self-Assessment Rules: Spread The Cost
Self-Assessment customers can now apply online to HMRC to spread the cost of their tax bill into monthly payments.
Suggested Company Car Advisory Fuel Rates
Suggested reimbursement rates for employees' private mileage using their company car from 01/09/20
Considering an Electric Company Car?
Legislation for this change is included in Finance Act 2020 which also states that the benefit will be 1% of list price in 2021/22 and then 2% in 2022/23.
Get Ready for Leaving the EU on 1st January 2021
The United Kingdom leaves the European Union at 11pm on 31 December 2020 when the transitional period ends.
Job Support Scheme Starts 1st November
The Chancellor has announced a new 6 month Job Support Scheme to help businesses and employees survive the winter months.
Claim the job retention bonus from February 2021
A £1,000 one-off taxable payment to you for each eligible employee you furloughed and kept continuously employed until 31 Jan 2021.