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.
No Employers NICS For A Year If You Hire Ex-military Staff
The Government have announced a one-year exemption from paying employers national insurance contributions (NICs) where military veterans are recruited by civilian employers.
Details Of Fourth Self-employed Income Support Grant
The latest grant allows the self-employed to claim 80% of their average profits for the period up to 2019/20, and is again limited to £2,500 a month.
Consultations Issued On “Tax Day” By Treasury
We were expecting the consultation documents to include major changes to CGT and IHT, but it would appear that these have yet again been delayed.
New Enhanced Loss Relief Rules May Result In Extra Tax Refunds
For corporation tax purposes the loss-making accounting period must end between 1 April 2020 and 31 March 2022 to qualify for the three year carry back.
More Details On The New Super-deduction For Equipment
It turns out that this new tax relief is only available to limited companies and the latest Finance Bill reveals a nasty sting in the tail when the equipment is sold…
New Personal Service Company Rules Start This Month
Under this new regime end user businesses will be required to determine whether that individual would have been treated as an employee or not if directly engaged.
Budget 2021
The Chancellor Rishi Sunak presented his second Budget on Wednesday 3rd March 2021.
COVID-19 Government Support News
Welcome to our round up of the latest business and Covid-19 news for our clients. Please contact us if you want to talk about how these updates affect your business.
Pre 6 April Tax Planning
With 6 weeks to go until the end of the Tax Year, it is time to make the most of your tax allowances this year.
Brexit Update 24th February
There are many unresolved issues, notably the UK financial services sector not having any access to EU customers without local authorisation from individual EU countries.
VAT Rules For Construction Sector Started
Under the new rules, supplies of standard or reduced-rated building services between VAT-registered businesses in the supply chain are no longer invoiced in the normal way.
New Off-payroll Working Rules (IR35)6th April 2021.
The new rules will apply to partnerships, LLPs and larger charities as well as limited companies.
Advisory Fuel Rate For Company Cars
These are the suggested reimbursement rates for employees' private mileage using their company car from 1 March 2021.
Protection from HMRC Investigation
We provide a valuable Tax investigations service which enables us to defend you in the unfortunate case that you are selected for an enquiry without worrying about the cost.