A summary of the business elements of the recent Spending Review for next year are set out below: Continuing the UK’s recovery from coronavirus The Spending Review has set out the government’s intention to maintain support to protect jobs, businesses and livelihoods, while stimulating the…
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More on extended furlough scheme
Most employers who are eligible will be aware that the furlough scheme (the Coronavirus Job Retention Scheme) has been extended for five months – from 1 November 2020 to 31 March 2021. The general terms for the first quarter to 31 January 2021 are: Maximum…
Self-Assessment filing deadline draws near
If you have still not submitted all of the information we need to complete your 2019-20 tax return, could we ask you to respond as soon as you can as the deadline is fast approaching – 31 January 2021. HMRC has made no announcement that…
Trivial benefits are not so trivial
A reminder that It is possible to make small tax-free payments to employees, including directors, and this might be an appropriate time to make a small tax-free bonus in advance of the annual Christmas, New Year holidays. Employers and employees don’t have to pay tax…