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 in those areas. The devolved governments will also be announcing locations...
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 remained broadly the same as last year. That means that each tax year...
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 to the Press prior to Budget Day and arguably a lot of it was not new...
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 will be back to normal by October. The grant claims for...
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 corporation tax return CT600 has not been submitted. This will enable the...
Furlough Grant Reduces to 70% for July For the month of July the CJRS Furlough grant support from the government via HMRC reduces to 70% of the employee’s usual pay for hours not worked. This is despite the fact that “Freedom Day” in England has been delayed four...
