SEISS and Covid Grants

SEISS and Covid Grants

Please remember that Covid grants, including SEISS, are taxable and must be included on your tax return. HMRC have a record or what you received (if you received any) allocated to your unique tax reference (UTR) and they will expect to see these amounts declared on...
Making Tax Digital – an update

Making Tax Digital – an update

Extension of MTD for VAT VAT-registered traders whose VATable turnover is over the VAT registration threshold of £85,000 must comply with the requirements of Making Tax Digital (MTD) for VAT. This means that they must keep digital records and file their VAT returns...
Tax changes for health and social care

Tax changes for health and social care

Yesterday the government announced tax changes to fund £12 billion a year to be spent on the NHS and social care across the UK. National Insurance contributions (NICs) will increase by 1.25% for one year only for employees, employers and the self-employed from??...
Tax changes for health and social care

Extended Loss Carry Back for Business

The Extended Loss Carry Back measure announced at Budget enables companies to make claims to carry back losses for a further two years than current rules allow. This temporary extension applies for losses arising in accounting periods ending between 1 April 2020 and...