Meacher-Jones News

REPORT EMPLOYEE BENEFITS ON FORM P11D BY 6 JULY P11D forms for reporting expenses and benefits in kind provided to employees and directors in 2021/22 need to be submitted by 6 July 2022. Remember...

TRADING LOSSES - CARRY BACK OR CARRY FORWARD? In the March 2021 Budget, it was announced that the normal one year carry back for trading losses would be extended to three years. That means that...

THE UPS AND DOWNS OF SPRING STATEMENT 2022 The Chancellor of the Exchequer, Rishi Sunak, delivered his Spring Statement on Wednesday 23 March 2022. In this edition of our April tax newsletter we...

VAT RATES FOR HOSPITALITY SECTOR DUE TO INCREASE FROM 1 APRIL 
Early in the COVID-19 pandemic, the Chancellor reduced the rates of VAT for the leisure and hospitality sector to just 5%. That...

WILL THERE BE A MINI BUDGET ON 23 MARCH? Whilst most of us were wrapping our Christmas presents on 23 December 2021, the Chancellor of the Exchequer, Rishi Sunak, commissioned the Office for...

NEW YEAR, NEW OPPORTUNITIES In his Spring 2021 Budget the Chancellor announced that there would be 8 “Freeports” in England with generous tax breaks to encourage businesses to set up and invest...

CHRISTMAS IS THE TIME FOR GIVING Many were expecting the chancellor to announce changes to inheritance tax (IHT) in his Autumn Budget, However, like capital gains tax (CGT), the rules have...

BUDGET AND SPENDING REVIEW On 27 October 2021, the Chancellor delivered his third Budget in conjunction with the Public Spending Review.Many of the spending announcements had already been leaked...

September is the Last Month for CJRS"Furlough" Grants The Government are pulling the plug on support to employers for furloughed staff at the end of September as they anticipate that the economy...

Company Loss relief can be Claimed Early Where a company makes a trading loss of no more than £200,000 in an accounting period it is now possible to claim relief for that loss even though the...